Transferability
/ˌtrænsfərəˈbɪləti/
Definitions
- (n.) The quality or capacity of a legal right, property interest, or obligation to be transferred from one party to another.
The transferability of the contract rights allowed the assignee to enforce the agreement.
See also
Commentary
Transferability often depends on the nature of the right and any contractual or statutory restrictions.
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.