Virgin Islands Gift of Copyrighted Materials to Library
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Description
Although a written instrument is not usually essential to the validity of a gift inter vivos, to ensure compliance with the delivery requirement, and to avoid misunderstanding, a gift transfer should be made by a delivered written instrument. The language of the instrument must express a present intention to pass title. It is very important to adequately describe the property which is the subject of the gift, and to clearly set forth in the writing all of the elements of the transaction, such as the existence of any conditions of reservations, and the effective date of the gift.
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