Alienor

Alienor is a legal term referring to the individual who transfers or sells property rights, such as land or assets, to another party. The act of transferring ownership is called alienation. The alienor must have legal capacity and clear title to the property. They are responsible for the transfer and any warranties associated with the transfer, ensuring the buyer receives clear and unencumbered ownership. This role is crucial in real estate transactions, business sales, and the transfer of intellectual property.

Alienor meaning with examples

• In the land sale, the alienor, the long-time owner, signed the deed, officially transferring the property rights to the new family. They ensured all documentation was correct before the exchange. His lawyer handled this portion.
• The company acting as alienor in the merger agreement transferred its assets to the acquiring corporation. Their shareholders approved the arrangement after a full due diligence check was undertaken and everything was clear.
• During the bankruptcy proceedings, the court-appointed trustee became the alienor, selling off the debtor's possessions. The trustee ensured any sale was by the book, following all laws to the letter and obtaining the best price possible.
• The artist, acting as the alienor of their copyright, granted exclusive rights to a publishing house, allowing them to reproduce and distribute their work. An attorney representing the publisher vetted the alienor.