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A clause in an agreement is a provision related to the overall agreement. Typically, clauses clarify the responsibilities of each party in the agreement. A clause can require an action or can prevent an action.
There are some standard clauses which form part of every agreement. For example, term clause duration of the agreement. However, there are specific clauses which are particular to certain agreements. For example, non-solicit clauses in the employment agreement.
Square brackets indicate that the text inside the brackets is optional OR that you should consider whether the text inside the brackets should be edited. Italic text indicates that specific information should be inserted into the document.
Square brackets indicate that the text inside the brackets is optional OR that you should consider whether the text inside the brackets should be edited. Italic text indicates that specific information should be inserted into the document.
Usually, contract clauses are found towards the end of the contract after the requisite elements of a business contract (the offer, acceptance, consideration, and legalities) have been addressed. Here are some common clauses and some examples of contracts that you'll find them in.