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GRANTING CLAUSE
granting clause.The words that transfer an interest in a deed or other instrument, esp. an oil-and-gas lease. • In an oil-and-gas lease, the granting clause typically specifies the rights transferred, the uses permitted, and the sub-stances covered by the lease. [Cases: Deeds 28–37; Mines and Minerals 73, 73.1. C.J.S. Deeds §§ 19, 34–38, 40–42, 44–53;…
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grant-in-aid. 1. A sum of money given by a governmental agency to a person or institution for a specific purpose; esp., federal funding for a state public program. [Cases: United States 82(2).] 2.Hist. AID(1). [Blacks Law 8th]
Read MoreGRANTEE– GRANTOR INDEX
grantee–grantor index.See INDEX(1). [Blacks Law 8th]
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grantee. One to whom property is conveyed. [Blacks Law 8th]
Read MoreGRANT DEED
grant deed.See DEED. [Blacks Law 8th]
Read MoreGRANTBACK
grantback,n. A license-agreement provision requiring the licensee to assign or license back to the licensor any improvements that the licensee might make to a patent or other proprietary right. [Cases: Patents 213. C.J.S. Patents § 351.] [Blacks Law 8th]
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grant,n.1. An agreement that creates a right of any description other than the one held by the grantor. • Examples include leases, easements, charges, patents, franchises, powers, and licenses. 2. The formal transfer of real prop-erty. [Cases: Deeds 3. C.J.S. Deeds §§ 1–8.] 3. The document by which a transfer is effected; esp., DEED. 4.…
Read MoreGRANGER CASES
Granger Cases (grayn-j<<schwa>>r). Six U.S. Supreme Court decisions that affirmed the government’s right to regulate fees charged by common carriers, warehouses, and grain elevators. The cases, decided in 1876, arose out of grangers’ (i.e., farmers’) frustration with the inflated prices they were paying to store and transport their agricultural products. Several state legislatures passed statutes…
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grange (graynj).1.Hist. A farm furnished with all the necessities for husbandry, such as a barn, granary, and stables; esp., an outlying farm that belonged to a religious establishment or a feudal lord. 2. (cap.) A social, educational, and political organization, formally called the National Grange of the Patrons of Husbandry, that informs its members about…
Read MoreGRAND SURVEY
Grand Survey.See grand inquest (2) under INQUEST. [Blacks Law 8th]
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