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Simple English definitions for legal terms
lie in grant
Read a random definition: universitas facti
A quick definition of lie in grant:
Term: LIE IN GRANT
Definition: Lie in grant means that certain types of property rights, called incorporeal hereditaments, can be transferred from one person to another through a legal document, like a deed or charter, without the need for a physical handover of the property. This means that the new owner can take possession of the property without any additional ceremony or action required.
A more thorough explanation:
Definition: Lie in grant is a legal term used to describe the passing of incorporeal hereditaments (such as rights or privileges) through a deed or charter without the need for a formal ceremony of livery of seisin.
Example: A common example of lie in grant is the transfer of a patent or trademark from one person to another. Instead of physically handing over the patent or trademark, the transfer can be made through a legal document, such as a deed or charter.
Explanation: This means that the transfer of the patent or trademark is legally recognized without the need for a physical exchange or ceremony. The new owner can take possession of the patent or trademark without any further action required.