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The purpose of stipulations is to familiarize the court with facts relevant to the case which are not disputed in order that the judge may begin the trial, already familiar with the undisputed facts, at the point where the disputed evidence begins.
This stipulation might put some sort of limit on the agreement. For example, if you run a fencing company and offer a sale, you can stipulate that to get the sale price, the fence must be ordered by a certain date. Your customer, in turn, might stipulate that the work must be finished before the ground freezes.
In United States law, a stipulation is a formal legal acknowledgment and agreement made between opposing parties before a pending hearing or trial. For example, both parties might stipulate to certain facts and so not have to argue them in court.
(This court's style comments: ?Joint? in ?Joint Stipulation? is redundant since the word stipulation already implies agreement or something joint.
What Is an Example Of A Stipulation? For example, if you operate a restaurant and offer a coupon, you can stipulate that patrons must order a specific amount of home delivery to qualify for the coupon.