This rule waits to see what actually happens during the perpetuities period.
See Jesse Dukeminier, A Modern Guide to Perpetuities, 74 Cal.
A final general reform rule is that provided by the Uniform Statutory Rule Against Perpetuities (USRAP).
1992) (holding that the Rule against Perpetuities does not apply to an art dealer's right of first refusal and exclusive consignment right); Metropolitan Transp.
As the Appellate Division so trenchantly put it, there is "an irreconcilable conflict in applying a remedy which is designed to void a transaction because it fails to carry out the parties' true intent to a transaction in which the mistake made by the parties was the application of the Rule against Perpetuities, the purpose of which is to defeat the intent of the parties.
Lynn, Perpetuities Literacy for the 21st Century, 50 Ohio St.
Long-Term Options and the Rule against Perpetuities, 37 Cal.