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Simple English definitions for legal terms

warranty clause

Read a random definition: E.D.

A quick definition of warranty clause:

A warranty clause is a part of a contract that promises something. In the oil and gas industry, it is a part of a lease that says the person who owns the land promises that they own it without any problems and will protect it. If they break this promise, they may have to pay the person who leased the land. This clause can also make sure that any new things the owner gets on the land will belong to the person who leased it.

A more thorough explanation:

A warranty clause is a part of a contract that contains a guarantee or promise made by one party to another. This clause is often included in oil and gas leases, where the lessor promises that the title to the property is free from any defects and agrees to defend it.

For example, if a person leases a piece of land for oil and gas exploration, the lessor may include a warranty clause in the lease agreement. This clause would guarantee that the lessor has the legal right to lease the property and that there are no other claims or liens on the property that would prevent the lessee from using it for its intended purpose.

If the warranty is breached, the lessor may be held liable to the lessee for any damages suffered as a result. This means that if the lessee discovers a defect in the title or a competing claim to the property, the lessor may be required to compensate the lessee for any losses incurred.

The presence of a warranty in an oil and gas lease can also have other legal implications. For example, it may cause after-acquired interests to pass from the lessor to the lessee by application of estoppel by deed. This means that if the lessor acquires additional interests in the property after the lease is signed, those interests may automatically transfer to the lessee.

warrant upon indictment or information | warren

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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