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Simple English definitions for legal terms
effluxion of time
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A quick definition of effluxion of time:
Effluxion of time: When a lease or agreement ends because a certain amount of time has passed, it is called effluxion of time. This means that the lease or agreement has come to an end naturally, without any specific action or event causing it to end. It's like when a timer goes off and something is finished cooking. The time has passed and it's time to move on to something else.
A more thorough explanation:
Effluxion of time refers to the natural expiration of a lease or agreement due to the passing of time, rather than being triggered by a specific event or action.
For example, if a lease agreement is signed for one year, the effluxion of time would occur at the end of that year, and the lease would expire without any further action needed.
This phrase can also be used more broadly to describe the natural conclusion or expiration of any agreement or contract when it reaches the end of its term.
Another example of effluxion of time could be a subscription service that automatically ends after a set period of time, such as a one-month trial or a yearly membership.
Overall, effluxion of time simply means that an agreement or contract has come to an end due to the natural passage of time, without any additional action needed to terminate it.