A limitation on one's ability to act which may be by statute, by regulation or by contract. In the case of land registered under the English land transfer act 1875, a restriction is an entry on the register made on the application of the registered proprietor of the land, the effect of which hi to prevent the transfer of the land or the creation of any charge upon it, unless … [Read more...]
RETAINER
(A) The act of withholding what one has in one's own hands by virtue of some right. 2. An executor or administrator is entitled to retain in certain cases, for a debt due to him by the estate of a testator or intestate. 3. It is proposed to inquire, 1. Who may retain. 2. Against whom. 3. On what claims. 4. What amount may be retained. (B) practice. The act of a client, by which … [Read more...]
RESTRICTIVE COVENANT
A contact clause within which a party agrees to be restricted or limited with regard to future conduct. … [Read more...]
RETAINING FEE
A fee given to counsel on being consulted in order to insure his future services. … [Read more...]
RESTRICTIVE INDORSEMENT
An indorsement may be so worded as to restrict the further negotiability of the instrument, and it is then called a "restrictive indorsement." Thus, "Pay the contents to J. S. only," or "to J. S. for my use," are restrictive indorsements, and put an end to the negotiability of the paper. 1 Daniel, Neg. Inst … [Read more...]