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If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
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Legal Definitions - cede
Definition of cede
Cede
To formally give up, surrender, or transfer something, such as territory, rights, or property, to another party. It implies a deliberate act of relinquishing control or ownership.
Example 1: After prolonged negotiations, a small island nation decided to cede a disputed maritime zone to its larger, more powerful neighbor to avoid further conflict and ensure regional stability.
Explanation: In this scenario, the island nation formally surrenders its claim and control over a specific area of the sea to another country, illustrating the act of relinquishing territory.
Example 2: An inventor might choose to cede the patent rights for their new technology to a major manufacturing company in exchange for a significant upfront payment and a percentage of future sales.
Explanation: Here, the inventor formally transfers their legal ownership and control over the intellectual property (patent rights) to the company, demonstrating the assignment or granting of rights.
Example 3: In the financial sector, a primary insurance company might cede a portion of its policy risks to a reinsurer to reduce its potential financial exposure to large claims.
Explanation: This example shows the insurance company formally transferring a part of its financial responsibility and risk to another entity, illustrating the act of assigning or granting a share of its obligations.
Simple Definition
To "cede" means to formally surrender, relinquish, or give up something, often territory, rights, or power. It can also refer to the act of assigning or granting something, such as property or a claim, to another party.