Solicitors & Lawyers
Legal Terms
Term: chose in action
1.
An intangible property right or property which is legally not in a person's possession, but is only enforceable by legal process: that is by court order. This choses in action require commencement of legal action in order to enforce the right.
Usage: Intellectual property rights are choses in action.
Related Words: property; lien; shares; ownership; action in rem; action in personam.
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