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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译员Terris,毕业于国内一流的高级翻译学院,擅长翻译有关文旅和酒店领域的法律文件。
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