Transfer of Rights

Transfer of rights is the process through which the owner of a legal right, such as intellectual property, contract benefits, or property ownership, voluntarily passes those rights to another person or entity. This transfer can occur through agreements like assignments, licensing, or sale. Once rights are transferred, the new holder can exercise, benefit from, or enforce those rights as if they were the original owner, subject to any terms in the agreement. It is a common legal action used to allocate ownership and control in business, legal, or creative contexts.