Examlex
In a country like Peru, where social safety nets for poor people have been seriously undermined by neoliberal economic reforms as well as by war, the orphanage has come to serve as a refuge where many desperate poor parents might "circulate" a child temporarily if, for reasons beyond their control, neither they nor their relations are able to care for that child.
Vesting
The process by which an individual gains an unconditional right to an asset or benefit, often used in the context of retirement plans or stock options.
Beneficiary's Rights
The legal entitlements of a beneficiary, such as to receive benefits or assets from a trust, will, or insurance policy.
Modification or Discharge
The act of changing the terms or conditions of a contract or agreement, or releasing parties from their obligations under it.
Identical in Every Jurisdiction
A statement indicating that a legal principle or rule applies uniformly across all legal jurisdictions, though this is relatively rare due to variations in laws.
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