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Simple English definitions for legal terms

recapture clause

Read a random definition: fugitive-slave laws

A quick definition of recapture clause:

A recapture clause is a part of a contract or lease agreement that allows one party to recover goods or property if certain conditions are not met. For example, if a contract sets a price for goods but market conditions change drastically, the recapture clause may allow the seller to recover the goods or adjust the price. In a commercial lease, the recapture clause may give the landlord the right to terminate the lease and take back the property if the tenant's profits are too low.

A more thorough explanation:

A recapture clause is a provision in a contract or lease that allows for the recovery of goods or property if certain conditions are not met. This clause is typically used in situations where market conditions greatly differ from what was anticipated in the contract or lease.

One example of a recapture clause is in a commercial lease. The landlord may include a provision that grants them a percentage of the tenant's profits above a fixed amount of rent. If the tenant's profits are too low, the landlord may have the right to terminate the lease and recapture the property.

Another example of a recapture clause is in a sales contract. If the price of a product significantly drops after the contract is signed, the seller may include a provision that allows them to recapture the product and sell it at a higher price.

These examples illustrate how a recapture clause can protect the interests of the parties involved in a contract or lease. It allows for adjustments to be made if market conditions change, ensuring that both parties are treated fairly.

recaption | recapture rule

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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