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Simple English definitions for legal terms

ipso facto clause

Read a random definition: Shocks the conscience

A quick definition of ipso facto clause:

An ipso facto clause is a part of a contract that explains what will happen if one party goes bankrupt. It is also called a bankruptcy clause.

A more thorough explanation:

An ipso facto clause is a provision in a contract that outlines the consequences that will occur if one of the parties involved declares bankruptcy. This clause is also known as a bankruptcy clause.

For example, a contract between a landlord and a tenant may include an ipso facto clause that states that if the tenant files for bankruptcy, the lease will be terminated immediately. Another example is a loan agreement that includes an ipso facto clause stating that if the borrower files for bankruptcy, the lender has the right to demand immediate repayment of the loan.

These examples illustrate how an ipso facto clause can protect the interests of the non-bankrupt party in a contract. By including this clause, the parties can agree on the consequences of bankruptcy before it happens, which can help to avoid disputes and uncertainty in the event of bankruptcy.

ipsissima verba | ipso jure

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
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
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