Submission Agreement Sample With Whereas Clauses In Wayne
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In a contract a whereas clause is an introductory statement that means “considering that” or “that being the case.” The clause explains the reasons for the execution of the contract and, in some cases, describes its purpose.
We noted that arbitration clauses are made before any dispute arises. Submission agreements, however, are agreements to arbitrate made after the dispute has arisen.
We use the conjunction whereas to indicate a contrast between two facts or ideas: He loves foreign holidays, whereas his wife prefers to stay at home. Whereas most new PCs have several USB slots, older ones often only had one.
Does a Comma Belong Before Whereas? As a subordinating conjunction, whereas must abide by comma rules pertaining to compound sentence rules. Generally, a comma always belongs before whereas.
Rule 1.110(303.3) 'Whereas' clause of contract is prefatory, not binding.
It expresses a complete thought and has both a subject (who) and a verb (what/action). It usually ends with a period but can sometimes end with exclamation points or question marks. Example: I enjoy visiting the Writing Center. Example: Paul tutors science in the Learning Commons.
Each “whereas” clause should begin with that word in bold and all caps, followed by a comma, followed by a finding or declaration of fact, followed by a semicolon, followed by either “AND” (if LastupdatedAugust2017 Page 2 Page2 there are more “whereas” clauses after the current one) or “NOW BE IT THEREFORE” ...
A “submission agreement” (also called an “agreement to arbitrate”) is a written agreement between two parties that establishes the use of arbitration to settle a dispute (or any and all disputes) that may arise between them.
As used in a "WHEREAS" clause, the term "whereas" simply means "considering that" or "that being the case." There is no legal effect to the word "whereas." It, like many other words used in standard contract boilerplate, is left over from some long-forgotten era of legal writing when lawyers used big words and legalese ...
“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.