“I’m going to read to you the term of this restrictive covenant. ‘This declaration shall continue in effect until 21 years after the death of the last survivor of the descendants of King Charles III, King of England, living as of the date of this declaration,’” Peri said. “So, I mean, I don’t know what else to say."
While this sounds completely ridiculous, it's actually not uncommon in contracts.
Going back to English common law, you could not make a contract last in perpetuity so, as a workaround to make a contract last forever without saying so, they will often pick a famous dynasty that they know will never die out and condition the termination on the contract of the end of that family line.
While this sounds completely ridiculous, it's actually not uncommon in contracts.
Going back to English common law, you could not make a contract last in perpetuity so, as a workaround to make a contract last forever without saying so, they will often pick a famous dynasty that they know will never die out and condition the termination on the contract of the end of that family line.
The more you know...
Does it hold any weight?
Oh yes, that's why it's used all the time.
Wikipedia, but useful IMO: https://en.m.wikipedia.org/wiki/Rule_against_perpetuities
inb4 disney epsteins all the royals