Question

What is Expiration of Legal Rights?​

Answer 1

Rights Expiration Date means the "Expiration Date" as defined in the Rights Agreement. ... Rights Expiration Date means the date which is 30 days following the Rights Issue Date or such later date that the Proponents jointly decide.

Answer 2

Expiration of legal right

certain category of assets lose their value after the agreement governing their use in business comes to an and after the expiary of pre-determined period. example of such assets patents,copyrights,leases, etc. whose utility to business is extinguished immediately upon the removal of legal backing to them.