Legal Definitions - cesser

Cesser refers to the termination or ending of a legal right, interest, or obligation. It describes a situation where a specific condition or event, previously agreed upon or established, triggers the cessation of that right or interest.

• Example 1: Commercial Lease Agreement

  A commercial lease for a retail space includes a clause stating that the tenant's right to occupy the premises will automatically terminate if they declare bankruptcy. If the tenant company subsequently files for bankruptcy, their leasehold interest in the property would undergo a cesser. The pre-defined condition (bankruptcy) leads to the termination of their right to occupy the space.

• Example 2: Patent Licensing

  A technology company licenses a patent to a manufacturing firm, granting them the exclusive right to produce a specific device for five years, or until a competing product with similar functionality enters the market, whichever comes first. If a competitor releases such a product after only three years, the manufacturing firm's exclusive licensing right would experience a cesser. The contractual right terminates because the specified condition (entry of a competing product) has been met.

• Example 3: Alimony Payments

  A divorce decree orders one spouse to pay alimony to the other until the receiving spouse remarries or either spouse passes away. If the receiving spouse remarries, the obligation to pay alimony would undergo a cesser. The condition for termination (remarriage) has been fulfilled, ending the legal obligation for ongoing payments.