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Legal boundary ? a legal boundary deals with the precise separation of ownership of land. It is an invisible line dividing one person's land from another's. It does not have thickness or width and usually, but not always, falls somewhere in or along a physical boundary feature such as a wall, fence or hedge.
A boundary agreement is an understanding between parties indicating where the boundary between two or more properties exists. The line agreed upon may or may not be the true or original boundary, and it does not have legal value until both parties sign a lot line agreement.
The agreement is between neighboring states or jurisdictions in the United States that set specific boundaries between their properties and serve to resolve territorial disputes. These agreements are useful in resolving boundary disputes, clarifying property lines, and avoiding potential conflicts.
An ?exclusive economic zone,? or ?EEZ? is an area of the ocean, generally extending 200 nautical miles (230 miles) beyond a nation's territorial sea, within which a coastal nation has jurisdiction over both living and nonliving resources.
Property boundary means the edge of a contiguous parcel of land owned or leased by a common owner or lessee. Contiguous land shall include land separated by a public right-of-way, if that land would otherwise be contiguous.