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Simple English definitions for legal terms

Renewal

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A quick definition of Renewal:

Renewal: Renewal is when two parties agree to continue a legal relationship that was created by a contract that has expired. This means that they are creating a new contract that is similar to the old one. Renewal is often used in leases, promissory notes, or insurance policies. Sometimes, the contract will automatically renew after a certain amount of time, or one party will have to give notice of their intent to renew the contract. To make a renewal provision effective, there must be consideration, which means that both parties must agree to something of value. If there was no renewal provision in the original contract, new consideration must be provided. Renewal can also refer to re-filing a motion that was initially denied or stayed by a court.

A more thorough explanation:

Definition: Renewal refers to the voluntary re-establishment of a legal relationship that was created by a previously agreed-to but expired contract. It is not just an extension of the previous contract, but rather the creation of a new contract that recreates the previous and now-renewed contract. Renewal provisions are often found in leases, promissory notes, or insurance policies. Parties may contract to have renewal provisions occur automatically after a period of time, or to require that one party gives notice of their intent to renew the contract.

For a renewal provision to be effective, it requires consideration. If the original contract contains the renewal provision, then the consideration provided for the original contract renders the renewal provision effective. If parties seek to subsequently renew the contract where no renewal provision existed in the original contract, they must provide new consideration. The consideration can take whatever form the parties accept.

Example: In the context of a lease renewal, a California Court of Appeals case, Simons v. Young, explained that “[s]o long as lessee paid consideration for the option to renew, and there is no question but that he did, the size, amount or nature of the consideration is irrelevant.” This means that as long as the lessee paid something to renew the lease, it doesn't matter how much or what it was.

Example: Renewal can also refer to the re-filing of a motion which the court initially denied or stayed. For example, Federal Rule of Civil Procedure Rule 50 allows parties to renew a motion for judgment as a matter of law 28 days after the trial. This means that if a party's motion for judgment as a matter of law was denied or stayed, they can renew the motion within 28 days after the trial.

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19:02
also they didnt give me enough money to justify the cost
Roll Tide
Dkk
19:06
UCI hella liberal and trans. I think you would like it. More liberal than like Berk and UCLA if you can imagine. @Eggan
Dkk
19:06
I did astrophysics for 3 years and hated it. Dropped out of my first college cus of it. @limpweeny
Dkk
19:07
Do not recommend studying physics. Super boring, a lot of math, and most results are not replicable.
Dkk
19:08
Ill say this though. I studied a lot of Otto Hahn and was happy to see him at the start of Oppenheimer. Made a little appearance. Nice tribute.
19:08
@Dkk: i know the makeup of UCI but im not from california and i didn't like how i'd have to be isolated from the labor movement since it's not very close to LA and OC is mostly a bunch of rich people tbh
19:09
i like berk's proximity to san francisco. the bay area is full of surprises when it comes to labor
19:11
thats why i'm mostly centered on cities with major labor activity this cycle (besides chicago) such as NYC, boston DC (where the union headquarters usually are)
19:11
Anyone else hella concerned w the uptick in applicants? Not sure if I can use the LSD data of the past to reference
some dean said they're only expecting 5-15% increase over the whole cycle, still not great, but not 30% like currently
19:15
Ohhh okay thank goodness. I saw +38% and lowk got scared
19:16
That doesn’t seem too bad if they increase class size by a bit 🙏
Dkk
19:23
Ahh that is true but OC Disney Unions. Can always be involved in those. Some of the biggest unions in California. I was part of that for a couple years but my union was corrupt. @Eggan
Dkk
19:24
Berk is definitely more fun. Unions in LA are of course the screen actors guild and then hospitality stuff like restaurants. It will be good wherever you go imo if that is what you are into.
Dkk
19:25
@sadpadresfan: yeah, Spivey said the same thing wasp pointed out. 30% to start to 15% at the end. I think part of it may also be people just want more variety. Maybe a similar amount of applicants but more variety. More waitlist movement potentially this year. Schools fighting harder for people.
@KnowledgeableRitzyWasp: the NU dean. Him and Spivey did a podcast on it.
And if you look at the numbers they're starting to come down. A couple weeks ago we were up 36 percent up, now we're only 26 percent up.
NotJustALawyer
21:03
@texaslawhopefully: if you are trying to do texas law, why not go to UT Austin. Probably better scholarships for you compared to Harvard and its a pipeline. Unless, of course, scholarships don't matter in your case.
i studied hard stem but i just hate being in an actual lab lol
depends on the type of lab work that you do, the only thing i did enjoy doing was bacterial genetics because that shit is super fast and fun, but working in a wet lab is just a lottttt of sitting and waiting around
hence law, lmao
@NotJustALawyer: I'm trying to do an appellate clerkship and the very top schools just have better placement. And yes, I'm still considering UT, but I think with my numbers I can get scholarship money at most of the T14.
Also I made my username before I had my lsat back and then UT was my top choice, but I’ve been somewhat open geographically. I also have ties to Texas so I don’t think it’d be hard to get back here if I left the state for law school.
Dkk
21:52
Deja Vu lol
[] baddestbunny
22:07
GM to the Queens whose titties move when they drive over speed bumps 🥰😘.. To the rest of y'all young men, Jiffy Lube hiring 🤨
Dkk
23:49
I one time knew a big girl who would drive with her tits cus her arms didnt reach the wheel. I always thought she would be good in a comedy about a bak robbery where she was the get away driver.
Dkk wtf man...
She prolly looked bad asf 😍
Dkk
0:59
lmfao
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