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Feudalism consisted of a system of holdings or occupying of land(fiefs) by a vassal (subject) in return for that vassals' service to a Lord. These services included oaths of homage, goods paid in kind and military services. In return for these services the Lord promised to provide protection over the lands held by the vassal and aid. On breaches of these oaths the lord was entitled to take back the land.

In today's society, we may hold a house from a landlord which would be similar to the plot of land held by a vassal and although there are similarities in the sense that both the tenant and the Landlord would come to a series of arrangements (in the form of a contract) which both the Landlord and the tenant have to abide by. We are not asked to provide military service to the landlord or provide that landlord with aids (gifts of money.)

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