forfeiture clause

forfeiture clause.

1. A contractual provision stating that, under certain circumstances, one party must forfeit something to the other. • Forfeiture clauses are often held to be void, although they are similar to conditions and other qualifications of estates in land.

2. NO-CONTEST CLAUSE.

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词条贡献者

法律翻译Terence，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与房地产与土地使用诉讼有关的法律文件。