Handover Process
/ˈhænˌoʊvər ˈproʊˌsɛs/
Definitions
- (n.) A formal procedure by which control, responsibility, or authority is legally transferred from one party to another.
The handover process of the leased property was documented in the contract.
- (n.) A contractual or statutory step required to ensure the lawful transfer of rights or duties in transactions such as mergers, acquisitions, or leases.
The handover process must comply with all regulatory approvals before completion.
Forms
- handover process
- handover processes
Related terms
See also
Commentary
In legal drafting, specifying the handover process clearly helps avoid disputes about timing, scope, and conditions of responsibility transfer.
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.