beingmesince63
beingmesince63 t1_jeagb1j wrote
Reply to TIL in order to prevent certain legal instruments from operating in perpetuity, a Royal Lives Clause may be written into a contract which provides a definite but extended period of time usually tied to twenty-one years past the death of last living descendent of the current British monarch. by AudibleNod
I was just coming here to post TIL about the perpetuity clause. I find the whole CFTOD story and how they were outplayed hilarious.
beingmesince63 t1_jeagn9h wrote
Reply to comment by _tonsofsoul_ in TIL in order to prevent certain legal instruments from operating in perpetuity, a Royal Lives Clause may be written into a contract which provides a definite but extended period of time usually tied to twenty-one years past the death of last living descendent of the current British monarch. by AudibleNod
Read an amusing comment by a law school student who sat through a boring lecture on this and thought “yea right, who uses this?” and he was thrilled by the maneuver. Law schools are gonna love it.