Contingent Ownership Law and Legal Definition
Contingent Ownership means an ownership in which title is imperfect but is capable of becoming perfect on the fulfillment of some condition. In this kind of ownership the owner does not have full right to the property. It is an ownership arrangement in property that takes effect only in the event of a specific incident or circumstance. Contingent Ownership is also referred to as Conditional ownership.
Legal Definition list
Related Legal Terms
- Absolute Ownership
- Absolute Ownership (Oil and Gas)
- Acquisition of Ownership (Trademark)
- Actus Inceptus Cujus Perfectio Pendet Ex Voluntate Partium Revocari Potest, Si Autem Pendet Ex Voluntate Tertiae Personae, Vel Ex Contingenti, Revocar
- Change of Ownership
- Change-of-Ownership Clause
- Common Ownership
- Contingent
- Contingent Annuity
- Contingent Beneficiary
