Sentences with phrase «optional clauses»

The notes and commentary explain the use of optional clauses and the relevant law.

Riders are optional clauses in insurance policies which offer additional financial security by payment of a nominal extra amount over and above the premium to cover disability, death etc..

If the lease agreement contains an optional clause providing the hirer with a right to purchase the equipment at the end of the term, it is a hire purchase agreement.

Lexis Practice Advisor: To see additional drafting notes and optional clauses to this provision, and many others, visit Lexis Practice Advisor.

It is important to have your documents conform to the «80/20 rule,» so that they contain the essential and the standard clauses, and that any optional clauses relate to frequently occurring scenarios.

Essentially, this optional clause ensures that the intentions of the insured are properly carried out.

Best medical insurance plans come with an optional clause called co-pay.