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Simple English definitions for legal terms

wait-and-see principle

Read a random definition: bill of sight

A quick definition of wait-and-see principle:

The wait-and-see principle is a rule that helps determine if a future interest is valid or not. It means that a court can decide if the interest will actually happen within a certain time period, instead of just guessing if it might happen later. This helps make sure that property rights are fair and clear for everyone involved.

A more thorough explanation:

The wait-and-see principle is a legal concept that modifies the rule against perpetuities. It allows a court to determine the validity of a future interest based on whether it actually vests within a certain time period, rather than on whether it could have vested outside that period.

For example, let's say that a wealthy individual creates a trust that will provide for their descendants for generations to come. The trust includes a contingent future interest that will only vest if a certain event occurs more than 100 years from now. Under the traditional rule against perpetuities, this interest would be considered invalid because it could potentially vest outside the allowed time period. However, under the wait-and-see principle, the court would wait and see if the interest actually vests within the time period before determining its validity.

The wait-and-see principle is also known as the second-look doctrine.

wainbote | waiting clerk

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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
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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