Check the business has legal ownership of its key assets and what the terms are.
We need to establish legal ownership before either of us can buy.
This is where physical possession of the property passes, but not legal ownership.
The current legal ownership of the items is yet to be determined.
Without a deed, there can be no change in the legal ownership of the land.
The first challenge facing Israel was to transform its control over land into legal ownership.
State courts have the power to determine legal ownership of any real or personal property within the state's boundaries.
Under the 1973 divorce settlement, legal ownership of the eight paintings passed to the couple's children.
The legal ownership of the character appears to be murky.
The business has full legal ownership of all key assets such as plant, equipment and property.