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Simple English definitions for legal terms

warranty clause

Read a random definition: click-wrap license

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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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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