Exercise of Rights
/ˈɛksərsaɪz ʌv raɪts/
Definitions
- (n.) The act of implementing or enforcing a legal entitlement or power granted by law or contract.
The exercise of rights under the lease allowed the tenant to renew the agreement.
- (n.) The performance of actions or claims according to one's legal rights, such as voting, accessing information, or initiating litigation.
The exercise of rights by shareholders includes attending meetings and voting on resolutions.
See also
Commentary
In drafting, clarity is crucial to specify which rights are being exercised and the context (statutory, contractual, common law) to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.