Effluxion of time

{
  "id": "MLC-T-LAW-001813",
  "term": "Effluxion of time",
  "field": "Law",
  "definition": "The expiration of a fixed period of time, which can lead to the termination of a legal right, obligation, or agreement. This concept is frequently applied in contract law, property law, and leases, where an agreement is set to end after a predetermined duration. For instance, a lease agreement may terminate automatically upon the effluxion of the specified term.",
  "url": "https://mlchart.com/terminology/law/effluxion-of-time/"
}