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Stipulations are legal documents that typically contain admissions by the licensee to one or more violations of law and set forth a proposal for appropriate discipline.
In contracts, a stipulation used to define an agreement that ended with specific formalities in a ceremony. In contemporary use, stipulation means a material condition or a requirement in an agreement. In litigation, a stipulation generally means an agreement between opposing parties concerning a relevant point.
This stipulation might put some sort of limit on the agreement. For example, if you run a fencing company and offer a sale, you can stipulate that to get the sale price, the fence must be ordered by a certain date. Your customer, in turn, might stipulate that the work must be finished before the ground freezes.
What Is an Example Of A Stipulation? For example, if you operate a restaurant and offer a coupon, you can stipulate that patrons must order a specific amount of home delivery to qualify for the coupon.
Executive hereby stipulates to the Company that on the ----------- date of this Agreement, neither Executive nor his affiliates has any claim of any type against the Company, except claims that may arise under this Agreement, and represents and warrants that this Agreement does not conflict with any other agreement to ...