.jpg)
Agrant, inlaw, is a transfer ofproperty, generally from a person or other entity giving the property (thegrantor) to a person or entity receiving the property (thegrantee).[1]
Historically, a grant was a transfer bydeed of that which could not be passed bylivery,[2] an act evidenced byletters patent under theGreat Seal, granting something from the king to a subject,[3] and a technical term made use of in deeds of conveyance of lands to import a transfer.[4]
Though the word "grant" was originally made use of, in treating of conveyances of interests in lands, to denote a transfer by deed of that which could not be passed by livery, and was applied only toincorporeal hereditaments, it became a generic term, applicable to the transfer of all classes ofreal property.[5]
As distinguished from a merelicense, a grant passes some estate or interest, corporeal or incorporeal, in the lands which it embraces; can only he made by an instrument in writing, under seal; and is irrevocable, when made, unless an express power of revocation is reserved. A license is a mere authority; passes no estate or interest whatever; may be made by parol; is revocable at will; and, when revoked, the protection which it gave ceases to exist.[6]
Inlegal conveyancing, the grant is the means by which a party conveys title or encumbrance. Intrust law, the grant is the act by which thesettlor creates the trust for the interests of thetrustee. In anoption contract, the right of the optionee to exercise the option is considered a grant on the part of the optionor. Inphilanthropy, a donor may provide agrant of money.