Cant imagine being the guy to be like "hey so to keep your neighbors house from burning down we are going to bulldoze yours and then catch it on fire"
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Simple English definitions for legal terms
Self-executing
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A quick definition of Self-executing:
Term: Self-executing
Definition: Self-executing means that something can happen or be enforced without needing anything else. This usually refers to a part of a contract or law that becomes effective as soon as the document is signed or completed. It is different from things that need more steps to be enforced.
A more thorough explanation:
Definition: Self-executing broadly refers to something that goes into effect or can be enforced after being created without anything else required. Often self-executing refers to a clause of a contract or law that makes the document effective after the document is signed or other requirement. Self-executing is to be contrasted with documents, legislation, or rights that require other steps in order to be enforced.
Examples:
- A self-executing contract is one that becomes effective as soon as it is signed by both parties.
- A self-executing law is one that goes into effect as soon as it is passed by the legislature.
These examples illustrate the definition of self-executing by showing how a contract or law can be enforced without any additional steps. In both cases, once the document is signed or passed, it becomes effective without any further action needed.