Transferable
/trænsˈfɜːrəbl/
Definitions
- (adj.) Capable of being transferred from one person, place, or situation to another.
The transferable license can be used in multiple states.
- (adj.) Able to be assigned or conveyed legally.
The contract includes a transferable clause allowing assignment to third parties.
Related terms
See also
Commentary
Commonly used in contracts to specify if rights or obligations may be legally moved to another party.
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.