{"iri":"https://folio.openlegalstandard.org/R7alL3ThuE851s7NQLQmXZX","label":"Forfeiture Clause","sub_class_of":["https://folio.openlegalstandard.org/RDe0RKU39BlhcyACJW30ZLc"],"parent_class_of":["https://folio.openlegalstandard.org/RDRKtwDIWw4KlYnDIvL6WCp"],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"fr-fr":"Clause de déchéance","es-es":"Cláusula de Forfeiture","es-mx":"Cláusula de Pérdida","pt-br":"Cláusula de perda","en-gb":"Forfeiture Clause","de-de":"Verfallsklausel","he-il":"סעיף מחילות","hi-in":"फोर्फेचर क्लॉज","ja-jp":"没収条項","zh-cn":"没收条款"},"hidden_label":null,"definition":"A forfeiture clause is a provision in a contract that allows one party to forfeit or lose their right to something, such as a deposit, if they fail to meet certain obligations outlined in the contract.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}