perpetuity
Definition
A perpetuity means something lasts forever, with no end date or expiration. In legal contracts and property law, this word signals that a right, restriction, or obligation will continue indefinitely, binding not just you but your heirs and anyone who buys the property after you.
Example
If you sell part of your land with a clause saying the buyer can never build on it in perpetuity, that restriction stays attached to that land forever, even after the buyer sells it to someone else.
Watch Out
Courts in many states actually limit or void agreements that try to lock up property or rights forever, so a contract using this word may not be as ironclad as it sounds.
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.