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Simple English definitions for legal terms

forfeiture clause

Read a random definition: spoils of war

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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12:34
gotchu
hello friends
13:09
Yo
lawguy we're nearly stats twins :D
13:13
I saw that, and I saw you got the Georgetown interview invite yesterday too! Goodluck!
you too haha, i was super surprised to have received one so early not gonna lie
i heard the group interview is really chill and I'm kinda excited to do it
seems cool
13:14
Yeah, 7sage has a page that talks about the questions for each schools interview, GULC's seems unique
13:15
Idk how much of an effect it has on admissions chances but should be cool either way
ive heard the conversion rate for gulc group interview is pretty high even moreso if you have the stats
it's hard to say but i've also heard that the group interview is harder to get than the alumni interview. but who really knows tbh
im p sure they don't interview everyone and getting one this early should be a great sign!
13:16
Yeah I've heard the same ab the group interview
13:17
So maybe I'll see you in D.C. a year from now lmao
initiallaw
13:32
Speaking of stat twins kazuyamishima were exact stat twins lol
17:13
Anyone going to the UGA zoom thing on the 22nd?
17:16
My bad, 24th*
Idk, what's it for?
@Law-Guy: How'd you get the Vandy fee waiver?
17:32
What does going ur3 in 3 days mean at Uva 😅
that you will get UR2 in 3 more
17:33
somethings gotta give
I’m new. What’s the UR and UR2?
17:35
I already went ur2. It’s the 3rd status date change
17:35
@RustyWrangler: attend one of their virtual info sessions and they'll send you a fee waiver
@Law-Guy: Awesome, thanks! I'll sign up rn!
i'm not entirely sure
They've recently been sending a lot of interview invites
It means status change?
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