abandonment


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Abandonment

Controlling party giving up rights to property voluntarily.

Abandonment

1. The act of fully and completely relinquishing ownership of some property or asset. One may abandon both tangible assets, such as tools or real estate, or intangible assets, such as patents or leases. For example, abandonment occurs when someone leaves his/her house empty, never intending to return or otherwise use the property. Legal abandonment sometimes requires filing declaration of intent to do so with the appropriate authorities. Sometimes, a person may obtain abandoned property for free, though this does not apply to real estate. See also: Adverse possession.

2. See: Expiration.

abandonment

abandonment

An intentional surrender, disclaimer, or termination of ownership with no stated intention regarding who the next owner should be. Legally requires some external evidence of an intention to abandon; simply neglecting property will not suffice. Differs from surrender, which requires that someone accept the property,and from forfeiture,which is unintentional loss of property.Abandoned property will generally revert to someone with a prior claim,such as an abandoned leasehold reverting to the landlord or an abandoned easement reverting to the landowner. Sometimes abandoned property will escheat to the state.
References in periodicals archive ?
Abandonment, genealogy, biopolitics, materialism, Israel-Palestine
The deal will see the company engage in the abandonment of ten subsea wells through deploying subsea HPR system from a jack-up rig.
To effect the abandonment, however, the taxpayer must also clearly show the willful, affirmative act of abandonment.
Critique: Exceptionally well written, organized and presented, "The Abandonment Recovery Workbook: Guidance through the Five Stages of Healing from Abandonment, Heartbreak, and Loss" is impressively 'reader friendly' in tone, content, organization and presentation.
Expro recently expanded its business capabilities to offer fully integrated well abandonment services, including late-life reservoir management, permanent reservoir abandonment and post abandonment monitoring.
Renunciation: Acts of Abandonment by Writers, Philosophers, and Artists seeks to produce what the author terms oan open intellectual experienceo on the renunciation of societal norms on the part of artists, while itself rejecting standard methods of academic essay writing.
Key Words: abandonment, Alces alces, calves, capture-induced abandonment, GPS collars, human-induced abandonment, moose neonates
Consumers' View reported that Home Furnishing and Gifting have the highest rate of deployment of Cart Abandonment Program (CAP).
To focus on cart abandonment behavior, in this paper, we tested the structural frame model depicted as a solid line in Figure 1.
By complementing cart abandonment emails with other triggers, marketers can speak to potential buyers at different points in the purchase pipeline.
Evangelista, a spokesperson for the Philippine Animal Welfare Society (PAWS), said in her Instagram account that the city ordinance might lead to pet abandonment.
com)-- Rekko today released the Parker-Vo Abandonment Index.