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override

(1) A carve-out from oil and gas lease royalty payments,usually a gross dollar amount per barrel of oil or per cubic foot of gas without diminution for costs of extraction.The override may be payable to the broker on the deal,to the attorney,or to some person other than the lessor with the mineral rights.(2) A name given to a clause, in a real estate listing contract, that requires payment of a commission to the listing broker if a buyer introduced to the property by the broker purchases the property within a certain time period after the listing agreement expires.The clause is to protect the broker for sales activities at the very end of the listing period that do not come into fruition until later.It also serves to protect the broker from buyers who learn about the property from the broker, take the broker's time in securing additional information and property inspections,and then attempt to time their offers until after the listing expiration in the hopes the seller will accept a lower price because then the seller does not have to pay a commission from the sale proceeds.

References in periodicals archive ?
(266) Likewise, if Congress really intends to override a standard with respect to one statute but not other statutes, it could codify a precedent in the "other" statute while overriding the precedent in the "primary" statute.
Thus, a potential objection might be that it would have the effect of overriding "more" than Congress could get a clear majority to approve in statutory text.
As this Article was being finalized for publication, Congress enacted the ADA Amendments Act, overriding two seminal Supreme Court cases that interpret the meaning of "disability" under the ADA.
Eskridge, Jr., Overriding Supreme Court Statutory Interpretation Decisions, 101 YALE L.J.
If the Senate takes any of these actions, then the question of overriding the veto can only be brought before the Senate by unanimous consent or a nondebatable motion to proceed.
The question of overriding a veto is debatable under the regular rules of the Senate.
Debate on the question of overriding a veto can be limited by unanimous consent or by invoking cloture.
"override decision failed to consider whether overriding the stay
reasonable and realistic planning may obviate the need for overriding a
then-existing 'interpretation' of its basis for overriding the