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LSDefine

Simple English definitions for legal terms

forfeiture restraint

Read a random definition: heirloom

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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General chat about the legal profession.
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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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