Overdrachting

Overdrachting is a term used in various legal and administrative systems to describe the act of transferring rights, property, or obligations from one party to another. It encompasses transfers of ownership, such as the sale of real estate, as well as assignments of claims, licenses, or contractual duties. The term is most commonly encountered in Dutch and Norwegian legal literature, and is often used interchangeably with overdracht, transfer, or assignment depending on jurisdiction. In English-language texts, the concept is usually described with terms like transfer of title, assignment, or conveyance.

Scope and context: In real estate, overdracht refers to the formal transfer of ownership from seller to buyer, typically requiring a deed, notary, and registration in public records. In corporate and financial contexts, overdrachting can denote the transfer of assets, such as a receivable (assignment) or the transfer of shares or other securities. In data protection or IT, overdracht can describe the transfer of data between information systems under agreed terms.

Process and implications: A transfer typically requires a contract, clear identification of the asset or right, consent of involved parties, and compliance with applicable law. It may also shift liability, tax obligations, and risk to the transferee and requires proper registration or notification to protect against disputes.

If the term is unfamiliar in one jurisdiction, it may be better described using its more common synonyms.