Louisiana Subordination Of Right Of Reversion
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FAQ
A clause included in some publishing contracts stating that ownership of some or all works contained within the agreement will revert back to the songwriter after a certain period of time or if certain conditions are met, like successful placement on a major label release.
Reversion, in Anglo-American law, interest held by a prior owner in property given to another, which, upon the happening of some future event, will return to that prior owner. A reversion is itself specific property, and it can be sold or disposed of as property by the reversion owner.
A 'reversion' is a future interest that an individual has in a piece of property even after he or she has conveyed that property, in a lesser estate, to another individual.When the estate reverts back to the owner, they may enjoy possession once again if they so desire.
1a : the part of a simple estate remaining in the control of its owner after the owner has granted therefrom a lesser particular estate. b : a future interest in property left in the control of a grantor or the grantor's successor.
The Reversion Income (Reversion Value) is the value attributable to the property remaining at the time of the property's reversion this may be the end of the lease term, or perhaps the end of the property's Remaining Economic Life.
A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum that he has (such as the owner of a fee simple granting a life estate or a leasehold estate).The testator may retain the reversion in the estate or give it to another individual.
A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum that he has (such as the owner of a fee simple granting a life estate or a leasehold estate).The testator may retain the reversion in the estate or give it to another individual.