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Simple English definitions for legal terms

forfeiture clause

Read a random definition: foster home

A quick definition of forfeiture clause:

A forfeiture clause is a part of a contract that says if something specific happens, one person has to give up something to the other person. This type of clause is sometimes not allowed, but it's kind of like rules for owning land. Another name for a forfeiture clause is a no-contest clause.

A more thorough explanation:

A forfeiture clause is a provision in a contract that states that one party may have to give up something to the other party under certain circumstances. This clause is similar to conditions and other qualifications of estates in land, but it is often considered void.

Let's say you rent a car for a week, and the rental agreement includes a forfeiture clause. The clause states that if you return the car with any damage, you will forfeit your security deposit. If you return the car with a scratch on the bumper, the rental company can keep your deposit.

Another example is a forfeiture clause in a real estate contract. The clause may state that if the buyer fails to make a payment on time, they will forfeit their right to the property and any money they have already paid towards it.

These examples illustrate how a forfeiture clause can be used to protect one party's interests in a contract. However, it is important to note that forfeiture clauses may not always be enforceable, and they should be carefully reviewed before agreeing to them.

Forest Service | forfeiture restraint

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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