Stipulations are conditions or restrictions that are made a part of a legal agreement. Stipulations may be binding legal obligations on both parties or may be intended to provide guidance on how the agreement should be interpreted. Stipulations are usually included in contracts to make sure that all parties involved understand the terms and obligations of the agreement. There are two main types of stipulations: mandatory and non-mandatory. Mandatory stipulations are those that must be followed or the agreement is considered void. These stipulations are usually written in language that is very clear and specific and are considered the most important part of any agreement. Non-mandatory stipulations are those that do not need to be followed in order for the agreement to remain in effect. These stipulations are usually intended to provide guidance on how the agreement should be interpreted, in order to avoid any ambiguity.
STIPULATIONS
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FAQ
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. A stipulation could mean a fact, promise, or provision in a contract agreed by two parties.
A ?stipulation? is an agreement between two parties that is submitted to the judge for approval. It eliminates the need to go to court and have a judge decide an issue. A written ?Stipulation and Order? includes the parties' agreement, both of their notarized signatures, and the judge's signature.
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.
Synonyms of stipulation provision. requirement. condition. exception. proviso. contingency. qualification. reservation.
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.
An agreement or contract, typically legal or formal in nature. covenant. contract. agreement. pact.