Sentences with phrase «standard clause»
A "standard clause" refers to a commonly used or pre-written sentence or section that is included in contracts, agreements, or legal documents. It helps to cover common situations or issues that may arise and is often used to save time when drafting these documents. Full definition
The answer may surprise you as there are standard clauses in many policies that address this very issue.
secureseniorlifeinsurance.com
They include standard clauses, terms and conditions which can then be applied to individual agreements to suit different situations and achieve specific outcomes.
Many standard clauses automatically exclude certain matters, such as intellectual property claims, from mediation or arbitration.
A generic template can be adapted to provide tailored outcomes through standard clauses and terms and conditions that can be applied to individual agreement to suit each particular situation.
He says OREA also produces standardized forms and tools used in Ontario real estate transactions, and offers a set of standard clauses that are «invaluable tools for enhancing professionalism.»
McCurry's section also built a database containing standard clauses for those negotiating treaties; cut travel costs by doing more videoconferencing; and put checks and balances in place to govern drawdowns on legal advice.
The picklist entries can also be used as standard clauses which can be copied and pasted into an order without the need to refer to the code.
We'd probably see fairer contracts if we could learn about a publisher's standard clauses ahead of time.
Patrick Dumberry - The Practice of States as Evidence of Custom: An Analysis of Fair and Equitable Treatment Standard Clauses in States» Foreign Investment Laws
This is a fairly standard clause, for most companies - I have had several jobs (though none of them technology - related) and they all include some clause to this effect
Far better, I think, to stick to a tested standard clause and add only those terms that are necessary to vary unwanted default rules or to reflect the specific intent of the parties.
However, other standard clauses, such as the inclusion of a Contractor obligation to comply with statutory requirements or prohibition on the use of prohibited or deleterious materials remain missing and resort to the «Z - Clause» is likely to continue.
It blasts apart documents and allows law firms to identify their own standard clauses or review clauses prepared by other law firms.
The frothy market, buoyed by low - interest rates, is resulting in frenzied bidding wars, causing many shoppers to leave once - standard clauses such as a professional home inspection and financing contingencies out of their purchase offers.
In order to eliminate mistakes and provide Client level of fiduciary care, a constant revision to registrant's standard clause list should be accomplished with diligent oversight by as many qualified sets of eyes as possible.
Standard clause in every proposal that we file says that you can fall two payments into arrears and there really are no consequences.
Templates may include standard clauses, terms and conditions that can then be applied to individual agreements to suit each particular situation.13
The Ontario Real Estate Association («OREA») is the producer and owner of a set of standardized forms used in Ontario real estate transactions and a set of standard clauses, including Guidelines for Residential and Commercial Clauses, for use with these forms and set of Forms Explained Form files (collectively, the «OREA Standard Forms»).
The «otherwise directs» language of the first condition is a standard clause in CPCNs.
The bid solicitation included a standard clause saying Onondaga County could reject any bid «in its sole discretion.»
Christian was later fired by MuscleTech because of a standard clause in all MuscleTech contracts that prohibits the discussion of anabolic steroids.
There are standard clauses that can be used for copyright, or you can alter to suit your needs.
An attorney who doesn't know the world of publishing would probably be horrified by some of the standard clauses that appear in most publishing contracts these days.
And it must be its own separate document — they can't just include it as a standard clause buried in a generic agreement.
This option is called a «Subject to Sale Offer» and considered a standard clause in most markets, except really hot markets where competition can heat things up.
You would simply add a standard clause to your contract that says, «If the house is appraised below the agreed - upon purchase price, the buyer can exit the contract and reclaim any earnest money deposit that was made.»
This practice is called the «universal default» clause and increasingly is becoming a standard clause in credit card agreements.
If a clause is missing, the user can simply drag and drop its standard clause into the agreement.
This is a standard clause and is designed to protect the interests of the company, in the event that you create intellectual property as part of your role.
The problem in using a party's standard template agreement is that those standard clauses may have little relevance to the outsourcing deal.
It is all too easy to vary the standard clause to deal with a multitude of specific issues, until it becomes far too long and cumbersome.
Lancet Indemnity's $ 1 M med mal policy had a standard clause requiring the insured, Dr. Ishtiaq Malik, to cooperate and assist Lancet and appointed counsel in investigating and defending claims.
Contract Express customers with a Practical Law UK subscription will get access to almost 300 pre-automated maintained templates and standard clauses.
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.
If your order were to include «B5» under «The Courts Orders that...» then the clerk would know to add the standard clause with the standard wording into your order.
One of the standard clauses contained within these contracts deal is the buy - sell agreement.
How binding is the standard clause in a settlement contract, a.k.a. minutes of settlement, that requires the parties to attempt mediation or a 4x negotiation meeting before being allowed to bring a court application?
He wanted to change words in a standard clause.
Their purchase agreement contained a standard clause prohibiting them from leasing their home «for the protection of owners with regard to financially responsible residents.»
Power of Sale is a standard clause allowing the Mortgagee (the «Lender») to sell the mortgaged property if there is a default.
In fact, the Agreement of Purchase and Sale includes a standard clause with respect to home inspections.
Changing a standard clause (I am talking about your personal clauses being used not those created to allow compromise and escape fiduciary duties that are found on Webforms) first needs to consider recent court decisions and then how any change would be viewed by lawyers.
Recent revisions to standard clauses and the Professional Standards Manual.
In many cases, the party that has conduct of sale in the foreclosure requires that many of the standard clauses in a Contract of Purchase and Sale be amended.