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Simple English definitions for legal terms

forfeiture clause

Read a random definition: insurance of the person

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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