Things in action
Term · Law · MLC-T-LAW-004907
Intangible personal property rights that can only be claimed or enforced by legal action, rather than by taking physical possession. Examples include debts, contractual rights, and intellectual property rights like patents or copyrights. These rights are distinct from 'things in possession,' which are tangible assets.
| Identifier | MLC-T-LAW-004907 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004907",
"term": "Things in action",
"field": "Law",
"definition": "Intangible personal property rights that can only be claimed or enforced by legal action, rather than by taking physical possession. Examples include debts, contractual rights, and intellectual property rights like patents or copyrights. These rights are distinct from 'things in possession,' which are tangible assets.",
"url": "https://mlchart.com/terminology/law/things-in-action/"
}
Record 5,009 of 5,439 in Law terminology (MLC-0107). Request the full dataset.