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LSDefine

Simple English definitions for legal terms

forfeiture restraint

Read a random definition: shotgun charge

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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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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