👉 Nonconveyance is a legal term in the United States that refers to an agreement between two parties where one party has transferred the rights of ownership or use of something, such as property or assets, from one party to another. This can occur when one party gives up their right to use or dispose of the property or asset for a specified period, such as a year or even longer. In essence, nonconveyance is a way of saying that the transferor has transferred ownership rights and
