Simple English definitions for legal terms
Read a random definition: suspension of trading
Term: in perpetuity
Definition: In perpetuity means forever. It's like having something that will never end. For example, if someone has the right to receive the profits from land in perpetuity, it means they will always get the money from that land. The same goes for a perpetual copyright, which means someone can use the copyright forever.
Definition: In perpetuity means forever.
For example, if someone has the right to receive the profits from land in perpetuity, it means they will receive those profits for as long as the land exists. Similarly, a perpetual copyright grants one the right to use the copyright indefinitely, meaning the owner can use it for as long as they want.
Another example of in perpetuity could be a trust fund set up to provide financial support to a person or organization for an indefinite period of time.
Overall, in perpetuity refers to something that will last forever without any end or expiration.