Legal Definitions - grant of rights

A grant of rights is a legal term used in copyright law and property law. In copyright law, it refers to the assignment of all rights by the copyright owner to a publisher or another party in exchange for payment. In property law, it refers to the transfer of ownership of property from one person to another.

Copyright: A musician signs a contract with a record label, granting the label the exclusive right to distribute and sell their music. In exchange, the musician receives an advance on royalties.

Property: A homeowner sells their house to a buyer, granting them ownership of the property. In exchange, the buyer pays the seller the agreed-upon purchase price.

These examples illustrate the concept of a grant of rights, where one party transfers ownership or control of something to another party in exchange for something of value.