What does the term 'delivery' refer to in a legal context?

In a legal context, 'delivery' primarily refers to the transfer of possession from the seller to the buyer. This concept is fundamental in transactions involving tangible goods, as it signifies the change of ownership or possession of the item being sold. Delivery can involve actual physical transfer, where the buyer takes possession of the item, or it can be constructive, where the buyer is given access to the item or its documentation that allows for legal possession even if the item itself is not physically handed over at that moment.

This definition is important as it relates to the completion of sales contracts and can impact the rights and obligations of both parties involved. For example, in many sales transactions, the risk of loss or damage to the goods often transfers to the buyer at the point of delivery. Understanding the nuances of 'delivery' helps clarify the legal responsibilities of sellers and buyers post-sale.