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.

---

词条贡献者

双语律师Terence，国际知名法学院法律专业，擅长翻译各类与油气、资源与采矿业相关的法律文件。