Forfeiture clause: Copy, customize, and use instantly
Introduction
A forfeiture clause outlines the conditions under which a party loses rights or entitlements to certain benefits, assets, or privileges, typically as a result of failing to meet specific obligations or violating the terms of the agreement. Forfeiture clauses are often used in contracts to enforce compliance and protect the interests of the parties by ensuring that a breach or failure to perform results in a loss of rights, funds, or assets.
Below are templates for forfeiture clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Standard forfeiture clause
This variation applies to a general forfeiture condition based on non-compliance.
[Party Name] agrees that, in the event of a breach of any material term of this agreement, [Recipient Name] shall forfeit any rights, benefits, or payments due under this agreement. Such forfeiture will be effective immediately upon the determination of the breach by [designated party or authority].
Forfeiture clause with financial penalty
This variation applies when forfeiture is linked to a financial penalty for non-compliance.
[Party Name] agrees that, if [Recipient Name] fails to meet the financial obligations set forth in this agreement, [Recipient Name] will forfeit any deposits or advance payments made to [Party Name]. These forfeited amounts will be retained by [Party Name] as compensation for damages incurred due to the non-compliance.
Forfeiture clause with time-based condition
This variation applies when the forfeiture is tied to a time-based requirement.
[Party Name] agrees that if [Recipient Name] fails to perform the obligations set forth in this agreement within [X] days of the deadline, [Recipient Name] shall forfeit any rights to the benefits or compensation specified in Section [X]. The forfeiture shall be deemed effective as of the expiration of the deadline.
Forfeiture clause with non-performance
This variation applies when forfeiture is a result of non-performance.
[Party Name] agrees that, should [Recipient Name] fail to perform any of the duties or obligations outlined in this agreement within the prescribed time frame, [Recipient Name] shall forfeit any accrued benefits, including but not limited to [specific benefits], as a result of the non-performance.
Forfeiture clause with breach of confidentiality
This variation applies when forfeiture results from breaching confidentiality agreements.
[Party Name] agrees that, in the event of a breach of the confidentiality provisions in this agreement, [Recipient Name] shall forfeit any entitlements to compensation or additional benefits under this agreement. This forfeiture is effective immediately upon discovery of the breach.
Forfeiture clause with non-compete violation
This variation applies when forfeiture results from violating a non-compete agreement.
[Party Name] agrees that, if [Recipient Name] violates the non-compete provisions of this agreement, [Recipient Name] shall forfeit any ongoing payments, benefits, or entitlements. This forfeiture will apply retroactively from the date of the violation and will be enforced upon the determination of the breach.
Forfeiture clause with early termination
This variation applies when forfeiture occurs as a result of early termination by one party.
[Party Name] agrees that, if [Party Name] terminates this agreement prior to its natural expiration for reasons other than a material breach by [Recipient Name], [Recipient Name] shall forfeit any outstanding compensation or benefits owed under this agreement, effective immediately upon termination.
Forfeiture clause with failure to meet deliverables
This variation applies when forfeiture is triggered by failure to meet agreed-upon deliverables.
[Party Name] agrees that if [Recipient Name] fails to meet the deliverables outlined in Section [X] of this agreement, [Recipient Name] shall forfeit any payments or rights to further compensation under this agreement. This forfeiture will apply after a formal review and confirmation of non-performance.
Forfeiture clause with legal violation
This variation applies when forfeiture occurs due to legal violations by a party.
[Party Name] agrees that, in the event [Recipient Name] is found in violation of any applicable law or regulation that impacts the performance or validity of this agreement, [Recipient Name] shall forfeit all rights to any benefits or compensation under this agreement, effective upon legal determination of the violation.
Forfeiture clause with event of default
This variation applies when forfeiture occurs as a result of an event of default.
[Party Name] agrees that if [Recipient Name] experiences an event of default as defined in Section [X], [Recipient Name] will forfeit any accrued benefits, including but not limited to compensation and rights under this agreement, as of the date the event of default is determined.
Forfeiture clause with dissolution of partnership
This variation applies when forfeiture is part of a dissolution of a partnership or joint venture.
[Party Name] agrees that in the event of the dissolution of the partnership or joint venture formed under this agreement, [Recipient Name] shall forfeit any remaining interests, shares, or entitlements in the partnership. This forfeiture will be enforced upon completion of the dissolution process.
Forfeiture clause with misuse of funds
This variation applies when forfeiture results from misuse of funds.
[Party Name] agrees that, should [Recipient Name] misuse or misappropriate any funds provided under this agreement, [Recipient Name] shall forfeit any rights to further disbursements or reimbursements. Any misused funds will be recovered from [Recipient Name] as part of the forfeiture process.
Forfeiture clause with failure to maintain insurance
This variation applies when forfeiture is the result of failure to maintain required insurance coverage.
[Party Name] agrees that if [Recipient Name] fails to maintain the required insurance coverage as outlined in Section [X], [Recipient Name] shall forfeit any rights to compensation or benefits under this agreement. The forfeiture will apply immediately upon failure to provide proof of adequate coverage.
Forfeiture clause with failure to meet performance standards
This variation applies when forfeiture is due to failure to meet performance standards.
[Party Name] agrees that, should [Recipient Name] fail to meet the performance standards set forth in Section [X] of this agreement, [Recipient Name] shall forfeit any rights to further payments or benefits under this agreement. The forfeiture will take effect immediately after a formal performance review.
Forfeiture clause with default on payment obligations
This variation applies when forfeiture is triggered by a default in payment obligations.
[Party Name] agrees that if [Recipient Name] defaults on any payment obligations as outlined in this agreement, [Recipient Name] shall forfeit any rights to services, benefits, or further payments under the agreement. The forfeiture will take effect after [X] days of the default.
Forfeiture clause with breach of non-disclosure agreement
This variation applies when forfeiture is due to a breach of a non-disclosure agreement.
[Party Name] agrees that, if [Recipient Name] breaches any non-disclosure agreement terms within this contract, [Recipient Name] shall forfeit any accrued benefits or payments under the agreement. The forfeiture will be enacted immediately upon confirmation of the breach.
Forfeiture clause with failure to meet deadlines
This variation applies when failure to meet deadlines triggers forfeiture.
[Party Name] agrees that if [Recipient Name] fails to meet any deadlines as specified in this agreement, [Recipient Name] will forfeit any rights to further compensation or benefits under this agreement. The forfeiture will be enforced after the designated period has passed without meeting the deadline.
Forfeiture clause with failure to provide deliverables in agreed format
This variation applies when forfeiture occurs due to failure to provide deliverables in the required format.
[Party Name] agrees that if [Recipient Name] fails to provide deliverables in the agreed format outlined in Section [X], [Recipient Name] shall forfeit any rights to further payment or benefits under this agreement. The forfeiture will be enforced upon failure to meet the format requirement within the specified time frame.
Forfeiture clause with failure to secure necessary approvals
This variation applies when forfeiture is a result of not securing necessary approvals.
[Party Name] agrees that if [Recipient Name] fails to obtain the necessary approvals or authorizations as specified in this agreement, [Recipient Name] shall forfeit any rights to compensation, benefits, or entitlements under the agreement. The forfeiture will be implemented upon notification of the missing approvals.
Forfeiture clause with termination for convenience
This variation applies when forfeiture is tied to termination for convenience.
[Party Name] agrees that if [Party Name] exercises the right to terminate this agreement for convenience, [Recipient Name] shall forfeit any rights to future payments or benefits. The forfeiture will be effective immediately upon notice of termination.
Forfeiture clause with failure to adhere to regulatory requirements
This variation applies when failure to adhere to regulatory requirements leads to forfeiture.
[Party Name] agrees that if [Recipient Name] fails to comply with the regulatory requirements outlined in Section [X], [Recipient Name] will forfeit any rights to benefits, payments, or compensation under this agreement. The forfeiture will take effect once non-compliance is confirmed.
Forfeiture clause with breach of contractual obligations
This variation applies when forfeiture is a result of a breach of contractual obligations.
[Party Name] agrees that if [Recipient Name] breaches any obligations specified in this agreement, [Recipient Name] shall forfeit any rights to compensation, benefits, or entitlements. The forfeiture will be enforced upon determination of the breach and notification to [Recipient Name].
Forfeiture clause with failure to complete required actions
This variation applies when failure to complete required actions results in forfeiture.
[Party Name] agrees that if [Recipient Name] fails to complete the actions required under this agreement within the specified time frame, [Recipient Name] shall forfeit any rights to compensation or benefits associated with the completion of those actions. The forfeiture will be enacted after the deadline has passed without completion.
Forfeiture clause with non-payment of fees
This variation applies when forfeiture is triggered by non-payment of fees.
[Party Name] agrees that if [Recipient Name] fails to pay any fees or charges due under this agreement, [Recipient Name] shall forfeit any rights to the services or benefits outlined in the agreement. The forfeiture will be enforced immediately after [X] days of the overdue payment.
Forfeiture clause with material breach
This variation applies when forfeiture occurs due to a material breach.
[Party Name] agrees that, in the event of a material breach of this agreement by [Recipient Name], [Recipient Name] shall forfeit all rights to any further compensation, benefits, or other entitlements under this agreement. The forfeiture will take effect upon the determination of the material breach by [designated authority].
Forfeiture clause with failure to meet minimum requirements
This variation applies when forfeiture occurs due to failure to meet minimum requirements.
[Party Name] agrees that if [Recipient Name] fails to meet the minimum requirements for [service, performance, or deliverable], [Recipient Name] shall forfeit any rights to continued payments or benefits under this agreement. The forfeiture will apply after the review period specified in Section [X].
Forfeiture clause with failure to provide insurance
This variation applies when forfeiture is triggered by failure to provide required insurance.
[Party Name] agrees that if [Recipient Name] fails to provide or maintain the required insurance coverage as outlined in Section [X] of this agreement, [Recipient Name] shall forfeit any rights to payments, benefits, or rights under the agreement. The forfeiture will be effective immediately upon failure to provide proof of coverage.
Forfeiture clause with failure to attend required meetings
This variation applies when forfeiture occurs due to failure to attend required meetings.
[Party Name] agrees that if [Recipient Name] fails to attend or participate in any required meetings or conferences as outlined in Section [X], [Recipient Name] shall forfeit any rights to compensation or benefits associated with the meeting. The forfeiture will be enforced upon the failure to attend without valid excuse.
Forfeiture clause with unauthorized use of intellectual property
This variation applies when forfeiture occurs due to the unauthorized use of intellectual property.
[Party Name] agrees that if [Recipient Name] uses the company’s intellectual property without proper authorization, [Recipient Name] shall forfeit any entitlements to profits or compensation associated with such use. The forfeiture will apply immediately upon discovery of the unauthorized use.
Forfeiture clause with violation of non-compete clause
This variation applies when forfeiture is triggered by violation of a non-compete clause.
[Party Name] agrees that if [Recipient Name] violates the non-compete provisions outlined in Section [X] of this agreement, [Recipient Name] shall forfeit any ongoing payments, bonuses, or benefits under the agreement. The forfeiture will be enforced immediately upon verification of the violation.
Forfeiture clause with unauthorized disclosure of confidential information
This variation applies when forfeiture results from the unauthorized disclosure of confidential information.
[Party Name] agrees that if [Recipient Name] discloses confidential information in violation of the terms of this agreement, [Recipient Name] shall forfeit any rights to compensation, benefits, or further entitlements. The forfeiture will take effect immediately upon the discovery of the unauthorized disclosure.
Forfeiture clause with failure to deliver agreed-upon work
This variation applies when forfeiture occurs due to failure to deliver the agreed-upon work.
[Party Name] agrees that if [Recipient Name] fails to deliver the agreed-upon work or deliverables by the specified deadline in Section [X], [Recipient Name] shall forfeit any rights to payments or benefits under this agreement. The forfeiture will apply after the deadline has passed without delivery.
Forfeiture clause with failure to maintain performance levels
This variation applies when forfeiture is due to failure to maintain performance levels.
[Party Name] agrees that if [Recipient Name] fails to maintain the performance levels required under this agreement, as specified in Section [X], [Recipient Name] shall forfeit any rights to performance-based bonuses or benefits. The forfeiture will be enforced after a performance review confirms the failure.
Forfeiture clause with non-renewal of certification
This variation applies when forfeiture occurs due to non-renewal of required certifications.
[Party Name] agrees that if [Recipient Name] fails to renew any required certifications or licenses as stipulated in Section [X], [Recipient Name] shall forfeit any rights to compensation, benefits, or entitlements under this agreement. The forfeiture will apply upon expiration of the certification without renewal.
Forfeiture clause with non-compliance with quality standards
This variation applies when forfeiture results from non-compliance with quality standards.
[Party Name] agrees that if [Recipient Name] fails to comply with the quality standards outlined in Section [X], [Recipient Name] shall forfeit any rights to continued payments or benefits under the agreement. The forfeiture will take effect after a formal quality review identifies non-compliance.
Forfeiture clause with early termination by employee
This variation applies when forfeiture is triggered by early termination by the employee.
[Party Name] agrees that if [Recipient Name] terminates their employment or contract early without cause, [Recipient Name] shall forfeit any rights to severance pay, bonuses, or other benefits outlined in this agreement. The forfeiture will apply immediately upon the employee’s resignation or termination.
Forfeiture clause with failure to achieve sales targets
This variation applies when forfeiture occurs due to failure to achieve sales targets.
[Party Name] agrees that if [Recipient Name] fails to achieve the sales targets outlined in Section [X], [Recipient Name] shall forfeit any rights to sales commissions or bonuses. The forfeiture will apply after the target review period has ended without achieving the required sales figures.
Forfeiture clause with breach of ethics or conduct standards
This variation applies when forfeiture results from a breach of ethics or conduct standards.
[Party Name] agrees that if [Recipient Name] breaches the company’s ethical standards or code of conduct, [Recipient Name] shall forfeit any rights to rewards, bonuses, or ongoing compensation under this agreement. The forfeiture will be enforced immediately upon confirmation of the breach.
Forfeiture clause with failure to maintain operational compliance
This variation applies when forfeiture is triggered by failure to maintain operational compliance.
[Party Name] agrees that if [Recipient Name] fails to maintain compliance with operational procedures or safety standards as outlined in Section [X], [Recipient Name] shall forfeit any rights to bonuses or compensation. The forfeiture will apply after a compliance review confirms non-compliance.
Forfeiture clause with revocation of rights for non-participation
This variation applies when forfeiture occurs due to non-participation in required programs or activities.
[Party Name] agrees that if [Recipient Name] fails to participate in the required programs or activities specified in Section [X] of this agreement, [Recipient Name] will forfeit any rights to related compensation, benefits, or privileges. The forfeiture will be enforced after non-participation is confirmed.
Forfeiture clause with non-fulfillment of contract obligations
This variation applies when forfeiture occurs due to non-fulfillment of contract obligations.
[Party Name] agrees that if [Recipient Name] fails to fulfill the obligations set forth in this agreement, [Recipient Name] shall forfeit any rights to compensation, benefits, or assets under this agreement. The forfeiture will apply immediately after the failure to fulfill the contract is determined.
Forfeiture clause with failure to maintain financial records
This variation applies when forfeiture results from failure to maintain financial records.
[Party Name] agrees that if [Recipient Name] fails to maintain accurate financial records as required by this agreement, [Recipient Name] shall forfeit any rights to continued payments or compensation under this agreement. The forfeiture will apply after an audit identifies the failure to maintain records.
Forfeiture clause with non-acceptance of amended terms
This variation applies when forfeiture is triggered by non-acceptance of amended terms.
[Party Name] agrees that if [Recipient Name] fails to accept amendments to the terms of this agreement, [Recipient Name] shall forfeit any rights to ongoing payments or benefits. The forfeiture will apply after the amendment deadline has passed without acceptance.
Forfeiture clause with non-submission of required reports
This variation applies when forfeiture occurs due to failure to submit required reports.
[Party Name] agrees that if [Recipient Name] fails to submit required reports or documents as outlined in Section [X], [Recipient Name] will forfeit any rights to payments, benefits, or compensation under this agreement. The forfeiture will apply after the report submission deadline has passed without submission.
Forfeiture clause with failure to resolve disputes within stipulated time
This variation applies when forfeiture occurs due to failure to resolve disputes within a specified time frame.
[Party Name] agrees that if [Recipient Name] fails to resolve any disputes arising under this agreement within [X] days, [Recipient Name] shall forfeit any rights to compensation or benefits related to the disputed matter. The forfeiture will be applied immediately following the expiration of the resolution period.
Forfeiture clause with violation of data privacy policies
This variation applies when forfeiture occurs due to violation of data privacy policies.
[Party Name] agrees that if [Recipient Name] violates the company’s data privacy policies as outlined in Section [X], [Recipient Name] shall forfeit any rights to compensation, benefits, or other entitlements under this agreement. The forfeiture will apply immediately upon confirmation of the violation.
Forfeiture clause with failure to complete training
This variation applies when forfeiture occurs due to failure to complete required training.
[Party Name] agrees that if [Recipient Name] fails to complete the required training program as outlined in Section [X], [Recipient Name] will forfeit any rights to training-related benefits or bonuses. The forfeiture will apply after the deadline for training completion has passed.
Forfeiture clause with breach of reporting obligations
This variation applies when forfeiture occurs due to breach of reporting obligations.
[Party Name] agrees that if [Recipient Name] fails to fulfill reporting obligations as outlined in this agreement, [Recipient Name] shall forfeit any rights to payments, bonuses, or entitlements. The forfeiture will be enforced after the review of the breach is confirmed.
Forfeiture clause with failure to
submit required documentation
This variation applies when forfeiture results from failure to submit required documentation.
[Party Name] agrees that if [Recipient Name] fails to submit any required documentation as specified in this agreement, [Recipient Name] shall forfeit any rights to payment, compensation, or other benefits. The forfeiture will be applied immediately after the failure to submit the documentation is confirmed.
Forfeiture clause with failure to meet quality benchmarks
This variation applies when forfeiture occurs due to failing to meet quality benchmarks.
[Party Name] agrees that if [Recipient Name] fails to meet the quality benchmarks outlined in Section [X] of this agreement, [Recipient Name] will forfeit any rights to future payments or bonuses associated with the deliverables. The forfeiture will be enforced after the quality review confirms non-compliance.
Forfeiture clause with failure to maintain confidentiality
This variation applies when forfeiture results from breaching confidentiality obligations.
[Party Name] agrees that if [Recipient Name] discloses any confidential information in violation of the confidentiality provisions in this agreement, [Recipient Name] will forfeit any benefits, rights, or compensation due under the agreement. The forfeiture will apply immediately upon the discovery of the breach.
Forfeiture clause with non-compliance with reporting requirements
This variation applies when forfeiture occurs due to non-compliance with reporting requirements.
[Party Name] agrees that if [Recipient Name] fails to submit required reports in accordance with Section [X] of this agreement, [Recipient Name] shall forfeit any rights to further payments or compensation. The forfeiture will be enacted after the report submission deadline has passed.
Forfeiture clause with breach of non-solicitation agreement
This variation applies when forfeiture is triggered by breaching a non-solicitation agreement.
[Party Name] agrees that if [Recipient Name] violates the non-solicitation provisions of this agreement, [Recipient Name] will forfeit any entitlements, including compensation or equity, as a result of the violation. The forfeiture will apply immediately upon confirmation of the breach.
Forfeiture clause with failure to achieve project milestones
This variation applies when forfeiture occurs due to failure to achieve specified project milestones.
[Party Name] agrees that if [Recipient Name] fails to meet the agreed-upon project milestones as outlined in Section [X], [Recipient Name] will forfeit any performance-related compensation or benefits. The forfeiture will be implemented after a milestone review confirms the failure to meet the target.
Forfeiture clause with failure to pay dues
This variation applies when forfeiture is triggered by non-payment of dues.
[Party Name] agrees that if [Recipient Name] fails to pay any outstanding dues, fees, or charges as stipulated in this agreement, [Recipient Name] will forfeit any rights to the benefits or payments under the agreement. The forfeiture will apply immediately after the due date has passed.
Forfeiture clause with failure to obtain necessary permits
This variation applies when forfeiture occurs due to the failure to obtain necessary permits.
[Party Name] agrees that if [Recipient Name] fails to obtain the necessary permits or licenses required under this agreement, [Recipient Name] will forfeit any entitlements to the goods, services, or compensation associated with the agreement. The forfeiture will be enforced immediately after confirmation that the permits were not obtained.
Forfeiture clause with non-fulfillment of delivery obligations
This variation applies when forfeiture is triggered by failure to fulfill delivery obligations.
[Party Name] agrees that if [Recipient Name] fails to fulfill any delivery obligations as outlined in Section [X], [Recipient Name] will forfeit any rights to payments or further benefits. The forfeiture will be implemented once the delivery deadline has passed without fulfillment.
Forfeiture clause with failure to maintain good standing
This variation applies when forfeiture occurs due to failure to maintain good standing.
[Party Name] agrees that if [Recipient Name] fails to maintain good standing as defined in this agreement, including failing to meet regulatory or contractual requirements, [Recipient Name] will forfeit any entitlements or compensation. The forfeiture will apply immediately upon confirmation of the failure.
Forfeiture clause with unauthorized assignment
This variation applies when forfeiture is triggered by unauthorized assignment of rights.
[Party Name] agrees that if [Recipient Name] assigns any rights or obligations under this agreement without prior written consent, [Recipient Name] will forfeit any rights to compensation, benefits, or entitlements under the agreement. The forfeiture will take effect immediately upon identification of the unauthorized assignment.
Forfeiture clause with non-approval of work
This variation applies when forfeiture occurs due to non-approval of work.
[Party Name] agrees that if [Recipient Name]'s work, as outlined in this agreement, is not approved by the designated approval authority, [Recipient Name] will forfeit any compensation or benefits tied to that work. The forfeiture will apply immediately after the non-approval is communicated.
Forfeiture clause with failure to follow procedures
This variation applies when forfeiture occurs due to failure to follow prescribed procedures.
[Party Name] agrees that if [Recipient Name] fails to follow the procedures outlined in Section [X], [Recipient Name] will forfeit any benefits, payments, or rights under this agreement. The forfeiture will be enforced after the procedural violation is confirmed.
Forfeiture clause with abandonment of project
This variation applies when forfeiture is triggered by abandonment of a project.
[Party Name] agrees that if [Recipient Name] abandons the project or initiative outlined in this agreement without prior written consent, [Recipient Name] will forfeit all rights to any further compensation or benefits. The forfeiture will apply immediately upon confirmation of the abandonment.
Forfeiture clause with violation of intellectual property rights
This variation applies when forfeiture results from a violation of intellectual property rights.
[Party Name] agrees that if [Recipient Name] infringes upon the intellectual property rights of [Party Name] or any third parties, [Recipient Name] will forfeit any rights to compensation or benefits under this agreement. The forfeiture will apply immediately after the infringement is confirmed.
Forfeiture clause with early termination of agreement
This variation applies when forfeiture is a result of early termination of the agreement.
[Party Name] agrees that if [Recipient Name] terminates this agreement before the completion of the term, except for reasons outlined in Section [X], [Recipient Name] will forfeit any rights to compensation, benefits, or payments due under the agreement. The forfeiture will apply immediately upon termination.
Forfeiture clause with non-repayment of advances
This variation applies when forfeiture occurs due to the non-repayment of advances.
[Party Name] agrees that if [Recipient Name] fails to repay any advances provided under this agreement by the stipulated deadline, [Recipient Name] will forfeit any rights to further payments or benefits. The forfeiture will apply once the repayment deadline has passed.
Forfeiture clause with non-compliance with health and safety standards
This variation applies when forfeiture occurs due to non-compliance with health and safety standards.
[Party Name] agrees that if [Recipient Name] fails to comply with the health and safety standards outlined in Section [X] of this agreement, [Recipient Name] will forfeit any rights to compensation or benefits. The forfeiture will be enforced after the compliance review confirms the failure.
Forfeiture clause with unauthorized use of funds
This variation applies when forfeiture is triggered by the unauthorized use of funds.
[Party Name] agrees that if [Recipient Name] uses funds provided under this agreement for purposes other than those outlined in the agreement, [Recipient Name] will forfeit any entitlements to further payments or benefits. The forfeiture will apply immediately after the misuse is confirmed.
Forfeiture clause with failure to provide necessary documentation
This variation applies when forfeiture occurs due to failure to provide required documentation.
[Party Name] agrees that if [Recipient Name] fails to provide the necessary documentation as outlined in this agreement, [Recipient Name] will forfeit any rights to payment or compensation under the agreement. The forfeiture will be enacted after the documentation deadline has passed.
Forfeiture clause with breach of ethical guidelines
This variation applies when forfeiture is a result of breaching ethical guidelines.
[Party Name] agrees that if [Recipient Name] breaches the ethical guidelines outlined in Section [X] of this agreement, [Recipient Name] will forfeit any rights to benefits, payments, or further entitlements under this agreement. The forfeiture will be enforced immediately upon confirmation of the breach.
Forfeiture clause with failure to notify of changes
This variation applies when forfeiture is triggered by failure to notify of changes.
[Party Name] agrees that if [Recipient Name] fails to notify [Party Name] of any material changes that affect this agreement within [X] days, [Recipient Name] will forfeit any rights to compensation, benefits, or other entitlements. The forfeiture will apply immediately after the notification period has passed.
Forfeiture clause with breach of non-disparagement agreement
This variation applies when forfeiture occurs due to the breach of a non-disparagement agreement.
[Party Name] agrees that if [Recipient Name] violates the non-disparagement provisions of this agreement, [Recipient Name] will forfeit any compensation or benefits due under this agreement. The forfeiture will apply immediately upon confirmation of the violation.
Forfeiture clause with failure to resolve conflicts of interest
This variation applies when forfeiture is triggered by the failure to resolve conflicts of interest.
[Party Name] agrees that if [Recipient Name] fails to disclose or resolve any conflicts of interest as outlined in Section [X], [Recipient Name] will forfeit any rights to benefits or compensation under the agreement. The forfeiture will apply once the conflict of interest is confirmed.
Forfeiture clause with non-compliance with security protocols
This variation applies when forfeiture occurs due to non-compliance with security protocols.
[Party Name] agrees that if [Recipient Name] fails to comply with the security protocols outlined in Section [X], [Recipient Name] will forfeit any rights to compensation or other entitlements. The forfeiture will be enforced immediately after non-compliance is identified.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.