Remise refers to the act of transferring or relinquishing one’s right or claim to something, typically in the context of property or contractual rights. It involves voluntarily giving up or surrendering a legal entitlement or interest to another party. Remise often occurs through a formal agreement or acknowledgment between parties, effectively releasing one party from their obligation or claim while transferring it to another. This process is commonly used in property transactions, where one party may remise their right to ownership or use of property to another party.
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This glossary post was last updated: 29th March 2024.
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