Restrictive Legend Clause Einschränkende Legendenklausel Restrictive Legend Clause Cláusula de leyenda restrictiva Cláusula de leyenda restrictiva Clause de légende restrictive סעיף לגנדה מגבילה प्रतिबंधात्मक लीजेंड क्लॉज 制限付き伝説条項 Cláusula de legenda restritiva 限制性图例条款 A restrictive legend clause is a provision in a contract that limits the transferability of securities by requiring the purchaser to hold the securities for a certain period of time or to obtain the issuer's consent before selling them.