Perpetuity
/pər-ˈpech-ə-ˌt(y)ü-ə-tē/
Definitions
- (n.) A legal condition or interest that continues indefinitely or for an unlimited duration, often used in trusts or property law to describe interests that last forever or until a specified event.
The trust was established to last in perpetuity, benefiting future generations indefinitely.
- (n.) The period of time during which something lasts forever, particularly the duration of certain property interests or restrictions that do not end.
The covenant runs in perpetuity and cannot be revoked.
Forms
- perpetuities
Related terms
Commentary
In legal drafting, specifying perpetuity requires caution due to rules limiting indefinite interests, such as the rule against perpetuities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.