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- A residual clause can refer to different legal contexts12345:
- In non-disclosure agreements, it allows the recipient of confidential information to use or disclose it without violating the agreement.
- In wills or trusts, it disposes of any assets not specifically gifted elsewhere, ensuring all estate assets are passed on to desired beneficiaries.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A residual clause is a contractual provision typically found in non-disclosure agreements where a party receiving confidential information may use or disclose the same without violating the terms of the agreement.ak-law.ca/residual-clause/Simply put, a residuary clause says who gets any assets, or the sale proceeds, not specifically gifted elsewhere within the will or trust. Thus, a residuary clause is a catch all provision that allows a testator (of a will) or a settlor (of a trust) to ensure that all his or her assets pass as he or she wishes.dennisfordhamlaw.com/the-importance-of-the-resid…A residuary clause is a provision in a Will that passes the residue of an estate to beneficiaries identified in the Will. It is a safety net that catches all other items that a deceased person may own at the time of their death.raniacombslaw.com/resources/what-is-a-residuary …Residuary Clause refers to a clause in a will that disposes of any estate property that remains after satisfaction of all other gifts. It is a rule of testamentary construction that a residuary clause will be made to yield to a specific, inconsistent provision to the contrary, especially if the latter is subsequent.definitions.uslegal.com/r/residuary-clause/A residuary clause in a will or trust is a “catch-all” provision applicable to any assets or property not specifically gifted or disposed of by the will. The objective is to ensure that all estate assets are passed on to the desired legatees or heirs.lawyer.zone/residuary-clause/ Supreme Court to Tackle Constitutionality of Residual Clause in ...
See results only from law.marquette.eduNora Demleitner
The petitioner, Travis Beckles, questioned the constitutionality of the residual …
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Mar 1, 2023 · Lawyers working through contracts are very often faced with contract clauses known as ‘residuals’ clauses. But what are they? Where are they found? and How Would Legal representatives deal with such clauses?
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Aug 9, 2021 · A residuary clause is a provision in a Will that passes the residue of an estate to beneficiaries identified in the Will. It is a safety net that catches all other items that a deceased person may own at the time of their death.
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What Is a Residuary Clause and Why Is It Important?