The Bundle-of-Rights Theory in real estate law postulates that ownership of realty encompasses a collection of distinct rights that include occupancy, use and enjoyment, and the ability to sell, devise, gift, or lease these rights.
A defective title refers to an ownership right or claim on property, particularly real estate or negotiable instruments, that is legally flawed or encumbered in a manner that diminishes its marketability or validity.
Fractional interest involves ownership of some but not all of the rights in real estate, such as easements, hunting rights, and leasehold interests.
A collection of rights of ownership that are defined or recognized by law or that could be successfully defended in a court of law.
Preemptive rights grant existing shareholders the first opportunity to purchase new shares of stock issued by the corporation, as specified in the corporation's charter.
Proprietary refers to anything that is owned by a particular person or entity. In the realm of trade secrets law, proprietary information is protected information or knowledge where ownership rights are established and are typically safeguarded by contractual agreements, rather than through patents.
Tenure is a term that spans diverse fields such as property ownership, employment, and academia. It denotes ownership rights, job security contingent on length of employment, and academic privileges that safeguard freedom of speech and employment continuity.
A title retention clause, commonly known as a Romalpa clause, is a contractual clause ensuring that the seller retains ownership of the goods supplied until the buyer has paid the full purchase price.
