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Simple English definitions for legal terms

wait-and-see principle

Read a random definition: Festo doctrine

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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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
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
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