Non-cedable
Describing something that cannot be transferred or relinquished to another party. This term is often applied to rights, property, or claims that are specifically protected from being given up or assigned. The characteristic of being non-cedable is usually a consequence of legal restrictions, contractual agreements, or the nature of the asset itself. This ensures that the original holder maintains control and enjoyment of the item or entitlement, preventing it from falling into unintended hands or being used for purposes that are not sanctioned.
Non-cedable meaning with examples
- The homeowner's association declared that the right to use the community pool was non-cedable, ensuring it remained exclusive to residents of the complex and preventing any subletting of the amenity. This rule preserved the desired neighborhood atmosphere and minimized the burden on resources.
- In the employment contract, the stock options were explicitly stated to be non-cedable, meaning that if the employee left the company before the vesting period, they forfeited the right to purchase the shares. This incentivized long-term commitment.
- Due to legal precedent, the copyright on a particular artwork was deemed non-cedable to protect the artist's moral rights and reputation, thus ensuring they remained credited for its creation, even if they sold its physical form.
- Certain government benefits, such as Social Security income, are typically designed as non-cedable, to ensure recipients receive the funds and prevent creditors from seizing the money before it reaches the intended beneficiaries.