An incorporeal hereditament is the relationship that arises when one person delivers possession of personal property to another under an agreement, express or implied, by which the latter is under a duty to return the property or to deliver it or dispose of it as agreed.

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This definition describes bailment, not incorporeal hereditament. Incorporeal hereditaments are non-physical property rights, such as an easement or a patent.

An Incorporeal Hereditament Is the Relationship That Arises When One