Legal Definitions - dedition

Dedition refers to the formal act of giving up or surrendering something, typically property or a right, often in response to a legal demand, obligation, or agreement.

• Example 1: A company facing insolvency is legally compelled to transfer all its remaining physical assets, such as manufacturing equipment and office furniture, to a court-appointed liquidator.

  Explanation: The act of the company formally handing over its property to the liquidator, as required by law during bankruptcy proceedings, is a clear instance of dedition.

• Example 2: During a property dispute between neighbors, one party agrees to relinquish their claim to a small strip of land along the shared boundary as part of a mediated settlement.

  Explanation: This formal agreement to surrender their asserted right or interest in that specific piece of property demonstrates dedition, as they are giving up a claim to land.

• Example 3: Following a default on a mortgage, the homeowner is legally required to surrender possession of the house to the bank that holds the lien.

  Explanation: The act of the homeowner vacating the property and formally turning over the keys and control to the bank constitutes dedition of the real estate.