This office lease form states and lists the terms for the Demised Premises. It describes the number of lease years plus any partial lease year as well as the commencement of the lease term.
Virgin Islands Precision Drafting Provision Dealing with Definitions Dating the Lease and Defining Terms
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Multi-State
Control #:
US-OL1053
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Word;
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FAQ
Part 12 of the FAR ensures that contractors and government alike avoid the time-consuming and formal process of a fully negotiated procurement process for (1) purchases of a relatively small value, or (2) where the goods and services are already available in general commerce.
Examples of such clauses can be the goods or services to be provided; details about what, when, how, and under circumstances the party providing those things will be paid; who owns the rights to the goods or services; what happens if there is a breach of the contract or a dispute; the term or length of the contract; ...
The term clause is a contractual provision that serves the simple, yet critical function of defining the period over which a contract has legal effect. In other words, it establishes when the contract begins and how long it will last.
Contract clauses define the specifics of an agreement, and make sure all parties to the contract are made aware of their rights and responsibilities. That means a clear understanding of clauses is essential for creating precise and enforceable agreements.
The purpose of a definitions clause is to allow the parties to define any terms that are used throughout an agreement, gathering them in one place for ease of reference.
What 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.
What is the difference between an interpretation clause and a definition clause? A definition clause defines what constitutes a legal concept. An interpretation clause professes that it is trying to interpret a legal concept.
(a) A word or a term, defined in this section, has the same meaning throughout this regulation (48 CFR chapter 1), unless- (1) The context in which the word or term is used clearly requires a different meaning; or.
