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Simple English definitions for legal terms

forfeiture restraint

Read a random definition: secondary amendment

A quick definition of forfeiture restraint:

Forfeiture restraint: This is when someone tries to stop a property or contract from being passed on to someone else in the future. It's like saying, "If you give this to someone else, they won't really own it." It's also called a restraint.

A more thorough explanation:

A forfeiture restraint is a legal term used to describe a situation where a conveyance or contract is made with the intention of causing a later conveyance to terminate or become subject to termination. This means that the original owner of the property or asset has the right to take it back if certain conditions are not met.

For example, if a landlord leases a property to a tenant with a forfeiture restraint clause, the landlord can take back the property if the tenant fails to pay rent or violates any other terms of the lease agreement. Similarly, if a company sells shares to an investor with a forfeiture restraint clause, the company can buy back the shares if the investor breaches any of the terms of the agreement.

Another example of forfeiture restraint is when a person sells a car to another person with a clause that allows them to take back the car if the buyer fails to make payments on time. In this case, the seller has the right to repossess the car if the buyer defaults on the payment plan.

Overall, forfeiture restraint is a legal tool that allows property owners and contract parties to protect their interests by ensuring that the other party fulfills their obligations. It is important to understand the terms of any agreement that includes a forfeiture restraint clause to avoid any misunderstandings or legal disputes.

forfeiture clause | forgavel

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W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
Dkk
13:26
Nice
glovediedthisishismom
13:26
im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
13:26
That's awesome
1a2b3c4d26z
13:26
real ones shop at bergdorf
13:28
real ones shop at YMH
triplethread
13:28
i missed another fordham wave
triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
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I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
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im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
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