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grandfather clause |
Also found in: Legal, Financial, Encyclopedia, Wikipedia | 0.03 sec. |
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The Redwood had a grandfather clause which allowed it to be reopened as a bar/restaurant if it was done within two years," Frizzell recalled. Franco exercised his right-of-refusal option based on a contract with a grandfather clause he signed with the St. After suffering a considerable loss, fixing it may subject your property to these new laws or ordinance from which the property's age had previously made it exempt by a grandfather clause. |
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