Question: Please give proper clauses with explanation. Kyle took your advice and decided not to spend the money to fight for his claim to KFC.com as

Please give proper clauses with explanation.

Kyle took your advice and decided not to spend the money to fight for his claim to KFC.com as the domain name for his new product line, Kyles Fire-aged Creations and has reorganized the company as Alabama Sunshine, LLC. Kyle, however, does want to continue the move of his business to the next level of operations and he wants to complete the expansion by constructing of a new store in Dauphin Island, AL. Recall that Kyle hired Lt. Dan as his agent to contact Forrest, negotiate a price, and, if possible, buy Forrests property; however, Kyle instructed Lt. Dan to not tell Forrest that he was working on behalf of Kyle. Unfortunately, Lt. Dan realized that Forrests property was an exceptionally good deal and bought the property for himself, not Kyle as agreed. Kyle has gotten over his anger and wants to move on with the construction of the new building on Redacre (the Lt. Dan/Forrest parcel of land).

Lt. Dan acquired Redacre from Forrest in fee simple absolute and proposes to convey Redacre to Kyle with a right of reverter (reversionary interest) as the location for Kyle's new store. The proposed conveyance would be a defeasible fee (fee simple defeasible) with the condition that, should Kyle fail to construct and open his store on Redacre within fifteen months or should Kyle cease to use Redacre as a site for his store at any time in the future, then Redacre would belong to the town of Dauphin Island to use as a park. Lt. Dan also mentions that he will not transfer mineral rights to Kyle and intends to transfer those to his friend, Bubba.

Kyle likes Redacre because it is located within the town limits of Dauphin Island, has a beautiful natural stream running through it; is close to retail sales, the beach, and residential areas; and is large enough for not only his store but also a processing and production facility. Eager to move forward, he tells Lt. Dan that he will accept his terms. They shake hands on the deal and Kyle gives Lt. Dan a personal check as a deposit.

All this sounds pretty complicated to Kyle and he is growing nervous about this deal. His knowledge is in growing, processing, and marketing produce, not real estate transactions and land transfers. Knowing that you are (successfully?) completing BL 240 and have studied land-use control, environmental law, and real property, Kyle turns to you for counsel. He is also concerned about any other problems that he should consider in this transaction or relating to the construction of the new business location.

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