"Relinquishment" is a noun that refers to the act of voluntarily giving up or surrendering something, often a right, responsibility, or possession. It implies a deliberate decision to release or let go of something.

For instance, imagine a business owner who decides to retire and hand over their company to a successor. In this scenario, the business owner's decision to transfer ownership is an example of relinquishment. The business owner is voluntarily giving up ownership of the company to another person.

In legal contexts, relinquishment means giving up or renouncing a legal right, claim, interest, or responsibility. It often involves a formal or legal process and can apply to various situations, such as relinquishing parental rights, relinquishing ownership of property, or relinquishing control or authority over a particular matter. This can also encompass the relinquishment of decision-making authority over certain aspects of a business contract, legal claims against another party, or copyright.

Example sentences

  1. His relinquishment of the CEO position marked the beginning of a new era for the company.
  2. The treaty included a clause specifying the relinquishment of territorial claims between the two nations.
  3. The relinquishment of parental rights is a complex legal process that requires court approval.
  4. The employee's voluntary relinquishment of the company car surprised everyone.
  5. The athlete's relinquishment of the championship title shocked fans and the sports community.
  6. She made the difficult decision to pursue her passion for art, resulting in the relinquishment of her corporate career.
  7. The relinquishment of control over the project allowed the team to work more collaboratively.
  8. The government's relinquishment of its monopoly on certain industries opened the door for competition.
  9. The divorce settlement included the relinquishment of all financial claims between the former spouses, ensuring a clean break from their marriage.
  10. His relinquishment of the family heirloom was a symbol of his commitment to moving forward with his life.

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Reference:

relinquishment
1. the act of giving up something such as a responsibility, claim, or…
Cambridge English Dictionary