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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. Furthermore, in a judicial proceeding, a stipulation is binding without consideration.
In United States law, a stipulation is a formal legal acknowledgment and agreement made between opposing parties before a pending hearing or trial. For example, both parties might stipulate to certain facts and so not have to argue them in court.
Partiality: While a stipulated judgment will resolve the lawsuit in its entirety, a settlement agreement can settle the case in full or in part. If the parties can only agree to certain aspects, they may submit a settlement agreement on those parts and let the court decide the rest.
(This court's style comments: ?Joint? in ?Joint Stipulation? is redundant since the word stipulation already implies agreement or something joint.
Stipulation generally means an agreement, a bargain, proviso, or condition. If the stipulation complies with an applicable statute or rule of court, it will be binding.
The purpose of stipulations is to familiarize the court with facts relevant to the case which are not disputed in order that the judge may begin the trial, already familiar with the undisputed facts, at the point where the disputed evidence begins.
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.
Is a Stipulation Good or Bad for My Case? Most of the time, stipulations are good. Stipulations cut down on the length of court cases and the costs.