Police custody/ Possession/ Custody vs Possession/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. Possession and custody are legal terms that refer to different levels of control or ownership of an object, property, or asset. Here are the key differences between possession and custody: Possession: Possession typically involves having physical control over an object or property. It means that you physically hold, occupy, or use the item. It implies that the person in possession has the intent to control and exercise authority over the item. This control can be temporary or long-term. This does not always imply ownership. A person can have possession of an item without actually owning it. For example, someone can possess a rented car or borrowed book. It often comes with certain legal rights and responsibilities. This can be transferred from one party to another through various means, such as sale, lease, gift, or loan. Custody: Custody primarily refers to the legal guardianship or responsibility for an item or asset. It implies a duty to safeguard and manage the property on behalf of another party. This can involve assets that are owned by someone else or assets owned by the custodian themselves. They are expected to manage the assets prudently and protect them from loss or harm. Unlike possession, custody does not necessarily involve the intent to use or control the assets for personal benefit. Custodians are typically tasked with safekeeping and managing assets for the benefit of another party. It can also be transferred, but this usually involves a formal process and may require legal documentation, such as a guardianship agreement or a custody order in the case of children. At Saanvika Legal Associate, other law cases like business law, financial law, insurance law, environment law, consumer law, property law, banking, tax, cyber, labor, constitutional, legal registration, litigations, criminal, family law, and so on are provided. All kinds of Law services are offered by experienced lawyers that result in the success of your cases in every way possible.