Reservation Legal Meaning and Definition

Here is a simplified definition of the legal term Reservation.

Reservation (noun):

A legal term referring to the act of setting apart a portion of rights, benefits, or assets for a specific purpose, thereby exempting it from the general rules or conditions that apply to the remainder. This concept is often used in wills, contracts, and legal agreements. For instance, if a portion of income generated from a will is "reserved" for charitable purposes, it would then be exempt from the usual succession laws that apply to the rest of the estate. This act ensures that the reserved portion is used solely for the purpose it was intended for, regardless of other regulations or stipulations.