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In property law, the rule of merger is the absorption of a lesser estate (e.g., lease of land) into a greater estate (e.g., fee simple ownership of the same land) when both estates are successive and become vested property of the same person.
?Maryland law affords REITs relatively broad protection from liability, a fairly easy process by which bylaws can be amended, fairly strong protection against hostile takeovers, and relatively flexible stockholder voting procedures.?
Merger Clauses, when done properly, allow the parties to have their entire agreement embodied in a single document. Such clauses incentivize the parties to be specific ahead of time, which avoids problems in the future. Having professional assistance when preparing a contract is the best way to protect yourself.
An integration clause?sometimes called a merger clause or an entire agreement clause?is a legal provision in Contract Law that states that the terms of a contract are the complete and final agreement between the parties.
The Doctrine of Merger in California real property law provides that when a greater and lesser estate are vested in the same person, the lesser estate may merge into the greater estate and the lesser estate be terminated.
Merger may determine a lease when both the lease and the reversion on that lease become vested in the same person and that person holds both interests in the same capacity.