Legal Definitions - regrant

Regrant refers to the act of formally giving or bestowing something again, or the instance where a previously established grant is renewed or extended. It signifies a second or subsequent official authorization for something that was initially granted.

Here are some examples to illustrate this concept:

• Example 1: Commercial Property Lease Renewal

  Imagine a small business that has been operating out of a storefront under a five-year lease agreement. As the end of the initial five-year term approaches, the business owner and the landlord agree to continue their arrangement for another five years under new terms. The formal process of signing a new lease agreement, or an amendment that extends the original lease, constitutes a regrant of the property rights to the business. The landlord is granting the tenant the right to occupy the premises again.

• Example 2: Software License Extension

  A university purchases a license to use specialized statistical software for its students and faculty, valid for three years. When the three-year period expires, the university decides to continue using the software and pays the vendor for another three-year license. The vendor's action of providing the new license key and updated terms, allowing the university to continue using the software, is a regrant of the usage rights. The university is granted the permission to use the software again after the initial term concluded.

• Example 3: Government Concession for Public Land Use

  A local municipality grants a concession to a private company to operate a ferry service across a lake for a period of ten years. This concession includes the right to use specific docking facilities and a designated water route. After ten years, the municipality reviews the company's performance and decides to allow them to continue operating the service for another five years. The official act by the municipality to extend or issue a new concession agreement to the company is a regrant of the operating rights and use of public assets. The company is granted the privilege to operate the ferry service again.