Contract Clauses

clause referring to an amount of compensation a non-breaching party should receive if the other party breaches a part of the contract.

clause in a contract requiring the buyer to pay all or a part of a payable amount sooner as agreed when circumstances stated in the contract occur, usually failure to pay on time.

This clause protects both parties in case something unexpected happens which they cannot control for example a natural disaster.

A clause prohibiting or permitting assignments under certain conditions.

This clause is outlining when and under circumstances the contract may be terminated.

clause stating that the written terms of an agreement may not be varied by prior or oral agreements because all such agreements have been consolidated into the written document.

clause concerning the treating of information as private and not for distribution.

clause expressing the cause, motive, price or impelling motive which induces one party to enter into an agreement.

clause providing that the agreement remains in force in case that one or more provisions of the agreement are unenforceable.

clause setting out which party is responsible for payment of costs.