Legal Definitions - transferee

A transferee is the individual or entity who receives an asset, right, or ownership interest from another party. This transfer can involve various types of property, including real estate, financial accounts, or intellectual property.

Here are some examples to illustrate the concept of a transferee:

• Imagine a situation where Maria purchases a vintage car from David. In this transaction, David is the party giving up ownership of the car, and Maria is the party receiving ownership. Therefore, Maria is the transferee because she is the one to whom the property interest (the car) is conveyed.

• Consider a scenario where a charitable foundation receives a large donation of company shares from a wealthy benefactor. The benefactor is transferring their ownership of the shares to the foundation. In this instance, the charitable foundation is the transferee, as it is the recipient of the property interest (the shares).

• Suppose a small independent author, Alex, signs a contract to sell the film rights to his bestselling novel to a major movie studio, CineArts Inc. Alex is giving up the rights to adapt his book into a film, and CineArts Inc. is acquiring those rights. Here, CineArts Inc. is the transferee because it is receiving the intellectual property interest (the film rights) from Alex.