Submission Agreement Sample With Whereas Clauses In Maryland
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The contract might start with a Whereas clause like this: 'Whereas, the parties wish to collaborate in the development of new technology...'. This Whereas clause is setting out the purpose of the contract: to set up a partnership for developing technology.
“Whereas” clauses should be used to explain why the resolution is necessary, and should also provide some background on the issue that the resolution takes a stand on.
A submission agreement will contain details of the dispute and the issues between the parties, and record that it is being referred to arbitration. It will then contain the same essential details as an arbitration clause, such as the legal seat and number of arbitrators.
Rule 1.110(303.3) 'Whereas' clause of contract is prefatory, not binding.
'Whereas' is often used in legal documents and proclamations it means 'that being the case' or 'in view of the fact'.
Definition: A whereas clause is a statement in a legal document that provides background information or context for the main purpose of the document. It is often used in preambles or recitals to explain the reasons or motivations behind the document's creation.
What are some tips for writing easy-to-understand contract... Use plain language. Define key terms. Structure your clauses logically. Be specific and precise. Use examples and scenarios. Review and revise your clauses. Here's what else to consider.
1 Use plain language. 2 Define key terms. 3 Structure your clauses logically. 4 Be specific and precise. 5 Use examples and scenarios. 6 Review and revise your clauses. 7 Here's what else to consider.