This office lease clause is a standard condition of limitation language dealing with issues of tenant defaults in fulfilling any of the covenants of the lease.
Guam Condition of Limitation Clause
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Multi-State
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US-OL14014
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How to fill out Condition Of Limitation Clause?
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FAQ
A provision may correspond with a clause, may span several clauses or be contained wholly within a subclause. It is a feature of the contract itself: verbal contracts will have provisions but they will not have clauses. A condition is a set of circumstances that must arise before another action can occur.
Hear this out loud PauseQualifying Country End Products in DoD Procurements Qualifying countries are those countries that have a reciprocal defense procurement agreement with the US where both countries agree to remove barriers to purchases of supplies produced in the other country.
The designated countries are ones that are: World Trade Organization Government Procurement Agreement Countries (Australia, Germany, South Korea, Japan) Free Trade Agreement Countries (like Mexico, Canada, or Singapore) Least Developed Countries (Afghanistan, Cambodia, Samoa, Yemen, etc.)
Provisions define the terms, conditions, and clauses in a contract that enable you to understand its expectations and limitations. Also, since a contract is a legally binding document, the provisions in the contract determine your legal right and obligations.
Each provision or clause in subpart 52.2 is prescribed at that place in the FAR text where the subject matter of the provision or clause receives its primary treatment. The prescription includes all conditions, requirements, and instructions for using the provision or clause and its alternates, if any.
Hear this out loud PauseThe DFARS implements and supplements the FAR. The DFARS contains requirements of law, DoD-wide policies, delegations of FAR authorities, deviations from FAR requirements, and policies/procedures that have a significant effect on the public.
In the legal context, a provision is a stipulation within a legal document or in a specific law. This can also be known as a clause, contract clause, or contract provision. However, in accounting, provisions refer to any profits allocated for a specific purpose or expense.
Hear this out loud PauseWhat Is the Difference Between a Contract Provision and Clause? A provision in a contract stipulates a condition or requirement. A clause is a section or subsection written into a contract, which may contain one or more provisions within it.
