waiving something means not enforcing it. Therefore, a waiver clause in a contract is a clause that governs the way a contractual party can waive a right and the consequences of the waiver.Waiver
When drafting a business contract, the clause "time is of the essence" means that ___. A. the contract can be revised at any time B. the parties must complete the obligations within the specified time C. the price of the goods can be negotiated D. the quality of the goods is the...
But what happens if penalty clauses do fall through the net during contract negotiations? Are they enforceable? Well, it’s complicated. Stick with us. Is a penalty clause in a contract enforceable? The general rule within the UK is that penalty clauses are not enforceable. However, there...
if the conditions of the contingency clause are not met, the contract becomes null and void, and one party (most often the buyer) can back out without legal consequences. Conversely, if the conditions are met, the contract is legally enforceable, and a party would be inbreach of contract...
At the time of the conclusion ofacontract, the quantity clause should be___stipulated so as___III. Please give the following definitions forthenames in English.1.Gross weight___2.Net weight___.3.Actual tare:___4.Average tare:___5.Customary tare:___6. Computed tare:___IV.简答题1....
a"Designated Contract" means a contract having the special relationship to the Contract described in Clause 46.1. “选定的合同”意味一个合同有特别关系对在条目描述的合同46.1。[translate]
Hold harmless essentially means just that: at least one of the participants in a contract is not held responsible or liable for losses. It appears as an agreement in a contract or a waiver before using a service. When signed, a hold harmless clause should result in the party requesting it...
aSend? 送?[translate] arefers to the applicant according to the contract, pay insurance premium to the insurer, the insurer may be agreed upon in the contract for accidents caused by loss of its property bear the liability to pay the insurance money, or when the insured person death, disab...
A clause is a specific section within a legal document that details a particular point or condition, while a provision is a term or condition in a legal agreement that stipulates obligations, rights, or restrictions.
ASSIGNMENT AND ASSUMPTION OF CONTRACT. Pursuant to an Assignment and Assumption Agreement in a form reasonably acceptable to Buyer, prior to the Closing, Company shall assign to Seller and Seller shall assume and agree to pay, perform and discharge, when due, any and all Liabilities of Company ...