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A chartered company is an association with investors or shareholders that is incorporated and granted rights (often exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, or colonization, or a combination of these.
Chartered companies were established in the 15th through 19th centuries by European countries to conduct trade, exploration, and colonization. Most of these companies have ceased to exist or have changed their business scope. See also Category:Trading companies for Chartered Companies by country or century.
Charter of Massachusetts Bay, 1742. A charter is a document that gives colonies the legal rights to exist. Charters can bestow certain rights on a town, city, university, or other institution. Colonial charters were approved when the king gave a grant of exclusive powers for the governance of land to proprietors or a settlement company.
A charter colony by definition is a "colony chartered to an individual, trading company, etc., by the British crown." [ 5 ] Although charter colonies were not the most prevalent of the three types of colonies in the British Empire, they were by no means insignificant.
All English colonies were divided by the Crown via royal charters into one of three types of colony; proprietary colonies, charter colonies and Crown colonies. Under the proprietary system, individuals or companies (often joint-stock companies), known as proprietors, were granted commercial charters by the Crown to establish overseas colonies ...
The Charter of the Massachusetts Bay Company was an English royal charter which formally incorporated the joint-stock company for the colonization of Massachusetts Bay.The charter, granted by Charles I of England in 1628, defined the regulations of the company, the land it would be granted, as well as the rights and privileges of the colonists.
A royal charter is a formal grant issued by a monarch under royal prerogative as letters patent.Historically, they have been used to promulgate public laws, the most famous example being the English Magna Carta (great charter) of 1215, but since the 14th century have only been used in place of private acts to grant a right or power to an individual or a body corporate.
A demise charter, or bareboat charter, is an arrangement for the hiring of a vessel for which no administration or technical maintenance is included as part of the agreement. The charterer obtains possession and full control of the vessel, along with the legal and financial responsibilities for it.