Has an Inurement Clause?

Has an Inurement Clause?

An inurement clause is a document that's legal, such as a will or contract, and extends the document's benefits past their signatories.

What is the purpose of an Enurement clause?

An "enurement" clause indicates that an agreement continues to the benefit of assigns, heirs, or other designated third parties. This clause allows the benefit of the license to continue without disruption in the event of a death, or in the event of corporate changes such as mergers or corporate restructuring.

What does Inurement mean?

Inurement is an older term for “benefit.” See inure. The specific difference between the inure and inurement is that inure refers to the action granted, specifically to vest. On the other hand, inurement is the actual aspect itself, or in other words, the benefit.

Robert Thorne
Author

Robert Thorne

Robert Thorne covers electric vehicle innovations, autonomous driving systems, global mobility trends, and automotive engineering developments.