Terms of the offer
FORFEIT definition: 1. to lose the right to do or have something because you have broken a rule: 2. to decide not to…. Learn more. What does "forfeit" mean in legal documents? Forfeit is a term that refers to losing something valuable, like a right, privilege, or property, without receiving anything in return. This usually happens because someone has broken a law, failed to meet a legal obligation, or neglected a duty. Imagine you borrowed a friend’s favorite video game and promised to return it in a week. If you don’t return it on time, your friend might decide to keep it, and you would forfeit your right to borrow ... to lose or become liable to lose, as in consequence of crime, fault, or breach of engagement. lost or subject to loss by forfeiture. Forfeit definition: To lose or give up (something) on account of an offense, error, or failure to fulfill an agreement.
