Avhendings

Avhendings (avhendimine) is a legal term used in civil law to denote the transfer or disposition of ownership or other property rights from one party to another. The act results in a change of who holds the rights and who bears the associated risks and obligations.

Forms of avhendimine include sale, donation, exchange, assignment of contractual rights, and transfers by operation of law such as inheritance, bankruptcy proceedings, or dissolution of a partnership. The subject matter can be tangible property such as land, buildings, vehicles, or movable goods, as well as intangible assets like shares or licenses.

Process and formalities: Avhendimine is typically effected by a binding agreement between the parties, specifying the price or consideration and the rights transferred. In many jurisdictions, certain transfers require formal written agreements and may need notarization or registration in a public registry (for example, land or corporate registers) to be enforceable against third parties.

Effects and risks: Upon transfer, the transferee acquires ownership and generally the associated rights and obligations. The seller may warrant title and disclose encumbrances; buyers bear the risk from the moment of delivery or from the time the contract specifies. Tax consequences such as capital gains or transfer taxes may apply and vary by jurisdiction.

Notes: The exact meaning and procedures of avhendimine differ across legal systems and are often described with local terms such as alienation or disposition. The concept is central to property law and commercial transactions.