Taking Clause Law and Legal Definition
The Takings Clause refers to the last clause of the Fifth Amendment to the U.S. constitution that limits the power of eminent domain. The taking clause requires the entity to pay just compensation on taking private property for public use. The purpose of the takings clause is to ensure that the financial burdens of public policy are shared by the entire public and not unfairly placed on individual property owners.
The Takings Clause refers to the last clause of the Fifth Amendment to the U.S. constitution that limits the power of eminent domain. The taking clause requires the entity to pay just compensation on taking private property for public use. The purpose of the takings clause is to ensure that the financial burdens of public policy are shared by the entire public and not unfairly placed on individual property owners.