v. Result in. Often used in legal terminology in the phrase “for the benefit of Janet Jones”. In a contract, inure means that a contractual right or obligation takes effect for a party. We will understand the meaning used as it is used in a sentence, compare variations of the term as it is used from a legal point of view in contracts and legal documents, compare inure vs enure, examine concrete examples and much more. We`ve referred to the term “inure” in this article, but you may have come across the term “enure” as well. In property law, the expression “conclude for the benefit of the parties” may appear in the language of the contract. Simply put, this means that the parties will benefit in one way or another from the transaction. The term “to be used for the benefit of the parties” may also refer to the act of consolidating a person`s interests or what he earns as a result of the real estate transaction. Consider the following example of an inurement clause: Enure is (1) a legal term that means to occur, to apply, to enter into force, to serve as an advantage for a person (2) an older variant of the inure. While the spelling of the legal term can sometimes be found as inure, the tendency is to keep the spelling of the legal form as enure.
Inure has several legal meanings. This could mean having a certain effect or result, and is often used to indicate what benefit or benefit the particular effect has been achieved. Although it can be beneficial and a way to achieve a certain result for a person, inure does not always mean an advantage. In fact, this could also be a disadvantage. What the Merriam-Webster and Collins dictionaries indicate is confirmed by a search in the EDGAR system, where you have 1,521 public submissions with the term Inure and only 59 with Enure. This means that the obligations arising under this Agreement are binding on the legal successors or assignees of the parties or have legal effect. The usual definition here is that we have become accustomed to it or it has become customary to expect a service provider not to meet its obligations. The doctrine of private insurance refers to not-for-profit organizations and how they allocate their contributions. In particular, according to the Internal Revenue Service (IRS), no nonprofit can offer “inure” or unjustified enrichment to another party on its gross or net income. In other words, charitable donations should only go to those for whom the charity benefits.
An organization that violates private insurance doctrine risks losing its tax-exempt status or paying fines, regardless of the route the IRS chooses. The term “inure” describes, with respect to the field of law, the time when a new law or agreement enters into force. The term “inure” can also refer to the act of getting used to something unpleasant, such as an abusive environment. For example, as it applies to children, Inure refers to those whose parents regularly commit domestic violence. These children get used to the violence. To explore this concept, consider the following definition. The term inure can be used in a sentence in several ways. This is obvious because the doctrine of Private Inurement states that a non-profit organization can only use the money it receives for the charitable cause it claims to help. Private inurement occurs when an “insider,” such as the company`s founder, uses that money for personal gain.
For example, the board of directors of a nonprofit cannot use charitable donations to pay for renovations to their home. The term inure has many variants that are used in the English language or in legal documents. They are both used, but Inure is used more often than Enure. Inure means getting someone or something used to it or getting them used to an unpleasant condition or being less sensitive to an unpleasant condition through exercise or repeated exposure. Inure is a transitive verb used with an object. The related name is inurement, the gerund is inuring. Inure means to the advantage or to a subsequent surgical intervention. From a legal point of view, the term inure can be used in contracts or legal documents to indicate that something has come into effect or something that will affect something else. See the full definition of inure in the English Language Learners Dictionary With respect to ownership, inure means vester, which is essentially the grant of a firm and immediate right to present or future enjoyment. This is important because it means that an individual now has an absolute right to a current or future interest in something of value. When the right has been fully transferred, the individual has a legal right to what has been promised. Do I really have anything to say? OK, here it is: Inure (which means “to become efficient”; to get up and running) is lame.
You may be familiar with Inure from the “successors and assignments” provisions: these sample phrases are automatically selected from various online information sources to reflect the current use of the word “inure”. The opinions expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us your feedback. An inurement clause is a clause in a legal document that offers benefits to people other than those who sign the document. Insurance clauses appear most often in wills, trusts and contracts. For example, an oath clause in a separation agreement may refer to a party`s “agents and assigns”. It`s a way to involve other parties without having to know exactly who they are or call them by name. What is the legal definition of the term inure or inured? Following the resignation of an administrative officer retiring from his post as administrative officer, the provisions of this Article 9 and section 10.5 shall continue to apply in his favour [i.e. he shall continue to be considered an administrative agent for the purposes of the protection afforded to the administrative agent under this Article 9 and Section 10.5]. But since we tend to forget the “successor and assignee” provision (see this article), this provision does not give us the opportunity to think about what to do with the inure in other contexts.
Essentially, the Merriam-Webster dictionary defines Inure and Enure as the same thing. In legal terms, if you see the term inure for the benefit or inure for the benefit of, it means that something benefits someone or becomes effective in a way that gives someone an advantage.