Perfecting
/ˈpɜːrfɛktɪŋ/
Definitions
- (n.) The legal process of completing or establishing a secured interest in collateral, making it enforceable against third parties.
Perfecting a security interest often involves filing a financing statement with the appropriate governmental office.
- (n.) The act of formally completing the transfer of a patent or copyright right, ensuring all procedural requirements are met.
Perfecting intellectual property rights requires adhering to strict procedural protocols.
Related terms
Commentary
In secured transactions, 'perfecting' specifically refers to compliance steps like filing or possession to protect interests against third parties.
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.