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Habendum clause. A habendum clause is a clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee. In a deed, a habendum clause usually begins with the words "to have and to hold". This phrase is the translation of the Latin habendum et tenendum that historically commenced these clauses in deeds.
e. The rule against perpetuities is a legal rule in common law that prevents people from using legal instruments (usually a deed or a will) to exert control over the ownership of private property for a time long beyond the lives of people living at the time the instrument was written. Specifically, the rule forbids a person from creating future ...
Evidence. Higher category: Law and Common law. v. t. A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum than he has (such as the owner of a fee simple granting a life estate or a leasehold estate ). Once the lesser estate comes to an end (the lease expires or ...
Eminent domain. Eminent domain[ a] (also known as land acquisition, [ b] compulsory purchase, [ c] resumption, [ d] resumption / compulsory acquisition, [ e] or expropriation[ f]) is the power to take private property for public use. It does not include the power to take and transfer ownership of private property from one property owner to ...
To that end, the company promised to overhaul the ToS using "more plain language and examples to help customers understand what [ToS clauses] mean and why we have them," it wrote.
The "Takings Clause", the last clause of the Fifth Amendment, limits the power of eminent domain by requiring "just compensation" be paid if private property is taken for public use. It was the only clause in the Bill of Rights drafted solely by James Madison and not previously recommended to him by other constitutional delegates or a state ...
Typically, provisions changing ownership of IP have been rare, and only warranted in very few well-defined situations. However, that may be changing, so it’s important to be doubly sure you are ...
Right of first refusal. Right of first refusal ( ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties ...