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Simple English definitions for legal terms

recapture clause

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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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
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