A contingency clause is a contract provision that requires a specific event or action to take place in order for the contract to be considered valid. If the party that's required to satisfy the contingency clause is unable to do so, the other party is released from its obligations.
The behavior contract spells out specifically which behavior(s) your child needs to focus on. It also explains how rewards and consequences will work. It can motivate your child to self-regulate. Your child is involved in the process of making the behavior plan goals and choosing their rewards.
A contingency contract is an agreement between a student and teacher which states behavioral or academic goals for the student and reinforcers or rewards that the student will receive contingent upon achievement of these goals.
Contingency planning: A management process that analyses specific potential events or emerging situations that might threaten society or the environment and establishes arrangements in advance to enable timely, effective and appropriate responses to such events and situations.
Contingent contracts usually occur when negotiating parties fail to reach an agreement. The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions occurring. A contingent contract can also be viewed as protection against a future change of plans.
Contingency: the extent to which knowledge of one event reduces uncertainty about another. Prediction: the extent to which knowledge of one event's occurrence enables one to anticipate whether and/or when another event will occur.
A contingency plan in the educational context is a comprehensive strategy designed to prepare educational institutions for unforeseen events that could disrupt normal operations. Imagine a scenario where a sudden natural disaster forces a school to close physically.
A contingent contract is a legal agreement in which the terms and conditions only apply or take effect if a specific event occurs. Essentially, the parties involved agree to perform actions or obligations based on the occurrence or non-occurrence of a particular event in the future.
Contingency Contract Examples If you fail to secure the financing within the stipulated period, either party may terminate the contract without any legal consequences. Another simple example is a child who agrees with their parent that they would receive a new bicycle if they receive an A in a specific class.
The most common contingency is the home inspection contingency. This condition on an offer states the home sale will only be finalized if the property passes a professional home inspection. In other words, buyers can walk away from a home sale if the home inspection turns up serious problems.