in perpetuity
Definition
In perpetuity means forever, with no end date attached. When you agree to something in perpetuity, you are giving up a right or granting a permission that lasts permanently, even after you die.
Example
If you sign a contract giving a company the right to use your logo in perpetuity, that company can keep using your logo forever without ever needing to renew the agreement or pay you again.
Watch Out
Watch for this phrase hidden in licensing and content agreements, because signing away rights in perpetuity means you can never take those rights back, no matter what happens down the road.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.