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Certain Real Estate Mortgage Contract contains a blanket clause also called the “dragnet clause” which has been recognized as valid and legal.
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KOREAN COMMERCIAL

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abtest

Dragnet clause

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | July 21, 2009 - 12:00am

Certain Real Estate Mortgage Contract contains a blanket clause also called the “dragnet clause” which has been recognized as valid and legal.

Opinion