Examlex
If a party to a franchise contract fails to perform its contractual duties,the other party may be subject to a lawsuit for breach of contract.
Land Adjacent
Property that is next to or bordering another property.
Future Interest
A person’s present right to property ownership and possession in the future.
Present Right
The current legal ability to exercise a right or claim to property, as opposed to a future or conditional interest.
Property Ownership
The legal right to possess, use, and dispose of real estate or personal property.
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