Real Estate Dictionary An acknowledgment is necessary to entitle an instrument (with certain specific exceptions) to be recorded, to impart constructive notice of its contents, and to entitle the instrument to be used as evidence without further proof.
A Standard Clause intended to demonstrate that the parties understand and agree to the terms and conditions contained in a commercial agreement. This Standard Clause has integrated notes with important explanations and drafting tips.
Confirming actions ask the user to verify that they want to proceed with an action. Acknowledging actions provide text to let the user know whether an action they chose has been completed.
Bid Acknowledgement means the acknowledgement and acceptance of Bid Quotes by Company or (if applicable) a Permitted Borrower in the form attached as Exhibit "B" hereto.