Alienable describes something that can be transferred to another owner or party; it is capable of being sold, given away, or otherwise conveyed. Primarily used in legal and economic contexts, the term emphasizes the right of the holder to relinquish possession or ownership. The object of the verb 'alienate' has some form of ownership of the subject. It speaks of a fundamental attribute of property rights, freedom to manage their resources as they see fit. The concept underpins transactions, contracts, and inheritance, defining what can be exchanged and how resources can be distributed within society. An example would be a car.
Alienable meaning with examples
- The property rights of the individual were considered alienable, allowing the owner to sell the land to a developer, thus granting them a new owner.
- In the contract, the ownership of the intellectual property rights, including copyrights and patents, were clearly defined as alienable, facilitating the transfer of these rights to a different company for a sum of money.
- The government deemed certain natural resources, like timber, as alienable, opening them up for sale by the public to encourage economic development of the area through the local construction business.
- A trust fund for the grandchild was set up, with stipulations, the money within could only be alienated upon the child's death, allowing the trustee to distribute the funds to whomever the child wished.