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Typically, recitals are not legally binding. They are interpretative tools rather than enforceable parts of the contract. However, their content can influence the understanding and application of the operative clauses.
The recitals set forth in this Amendment are incorporated herein by reference and made a part hereof as if fully set forth as paragraphs in this Agreement. Capitalized terms used in this Amendment not otherwise defined herein shall have the meanings when used herein ascribed to such terms in the Agreement.
Recitals are typically found after the parties' section and contain a series of sentences that when clearly drafted can provide: context to the contract; explanation of intent; and. guidance on interpretation.
Contract recitals, often found at the beginning of legal agreements, set the stage for the document's purpose and context. They provide background information, outline the parties' intentions, and establish the framework within which the contract operates.
The recitals set forth in this Amendment are incorporated herein by reference and made a part hereof as if fully set forth as paragraphs in this Agreement. Capitalized terms used in this Amendment not otherwise defined herein shall have the meanings when used herein ascribed to such terms in the Agreement.
Contract recitals are statements that provide background information about the intent of a contract. They are located in the introductory part of a contract and immediately follow any preambles listed (though some in the legal profession consider preambles and recitals to be one and the same).
Management Contracts Involving Hotels The contract is between the hotel owner and the management company, which takes over operation management. Sometimes, the contract is for only one of the outlets of the hotel, whereas in other instances, the contract may be for the entire hotel chain.
An example of a management contract is a contract between a hotel owner and a management company where the management company runs the daily operations of the hotel on behalf of the owner.