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| | "Fees, Feodum Or Feudum" Defined & Explained |
 | | Fee may be fixed at the outset of performance, as in a cost-plus-fixed-fee contract, or may vary (within a contractually specified minimum-maximum range) as in a cost-plus-incentive fee contract. |
 | | A fee simple is an estate inlands or tenements which, in reference to the ownership of individuals, is not restrained to any heirs in particular, nor subject to any condition or collateral determination except the laws of escheat and the canons of descent, by which it may, be qualified, abridged or defeated. |
 | | Qualified fee is an interest given on its first limitation, to a man and to certain of his heirs and not to extend to all of them generally, nor confined to the issue of his body. |
| www.lectlaw.com /def/f070.htm (575 words) |
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