The legendary Rule Against Perpetuities (“the Rule”) originated centuries ago. Today, it continues to generate strikingly complex legal problems worthy of judicial review. In the context of commercial leases, it
In the Spotlight: The Rule Against Perpetuities
Variations in the Rule Against Perpetuities ("the Rule") exist as to when and if the Rule applies to preemptive rights, options to purchase and lease renewal options, and the law continues to evolve.
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