Ownership
/ˈoʊnərʃɪp/
Definitions
- (n.) The legal right to possess, use, and dispose of something.
The ownership of the property was transferred to the buyer.
- (n.) The state or fact of being an owner.
Her ownership of the company was documented in the contract.
Related terms
See also
Commentary
Ownership implies a bundle of rights and may vary by jurisdiction; clearly defining it in contracts avoids disputes.
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.