Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

break-up fee

Read a random definition: poenae secundarum nuptiarum

A quick definition of break-up fee:

Break-up fee: A fee that is paid by one party to another if a business deal or agreement is terminated before it is completed. It is also known as a termination fee.

A more thorough explanation:

A break-up fee is a type of termination fee that is paid by one party to another in the event that a business deal or merger falls through. This fee is designed to compensate the party that has invested time and resources into the deal, but is left empty-handed due to the other party's decision to back out.

Company A and Company B are in talks to merge. As part of the negotiations, they agree that if the deal falls through, Company A will pay Company B a break-up fee of $10 million. However, if the deal goes through, the break-up fee will not be paid.

In this example, the break-up fee serves as a form of insurance for Company B. If the deal falls through, they will receive compensation for the time and resources they invested in the negotiations.

breaking of entail | breast of the court

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.