Original Acquisition Law and Legal Definition
Original acquisition means an acquisition of a property or estate which has never been the property of another. It occurs when an entirely new proprietary right has been created. For example, acquisition of a copyright owned by an author is an original acquisition. Original acquisition can occur in one of two ways. First, the res may have been res nullius, owned by nobody. The second type of original acquisition is where a new res has only just came into existence.
Legal Definition list
Related Legal Terms
- Acquisition
- Acquisition and Cross-Servicing Agreement
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Assistance [Transportation]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Acquisition Credit
- Acquisition Debt
- Acquisition Fee
- Acquisition Indebtedness
