Glossary

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Forfeit clause definition

Amount stipulated in a contract and allowing to be relieved from the obligation of performing the main obligation stipulated in the contract. This clause relieves the parties from their obligation of performing of the contract.

Forfeit clause

Amount stipulated in a contract and allowing to be relieved from the obligation of performing the main obligation stipulated in the contract. This clause relieves the parties from their obligation of performing of the contract.