Tarrant Texas Clauses Relating to Defaults, Default Remedies

Name: Tarrant Texas Clauses Relating to Defaults, Default Remedies
Brand: US Legal Forms
Rating: 4.85 (437 reviews)

Category:

Partnerships - Drafting Joint Venture Agreements

State:

Multi-State

County:

Tarrant

Control #:

US-P0614-4AM

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Instant download

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This form is a model adaptable for use in partnership matters. Adapt the form to your specific needs and fill in the information. Don't reinvent the wheel, save time and money.

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A remedies clause sets forth the parties' intention to provide for equitable remedies for breach of contract, in addition to or instead of just monetary relief. A remedies clause can also be used to limit the relief the parties can obtain upon breach of the contract.

A default clause is a provision in a legal contract that states what will happen if either party in a contract defaults or fails to hold up their end of the agreement. These clauses can be found in any type of contract including loan agreements, lease agreements, and property agreements.

Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, the QFC Stay Rules, including without limitation any right of a party to liquidate, terminate, cancel, rescind, or accelerate an agreement or transactions thereunder; set off or net amounts owed; exercise remedies in

What Is a Limitation Clause? Limitation clauses are an important part of contracts. They are where the contract spells out what each side will be held responsible for under the specific terms and conditions also outlined.

In many agreements, you may find a clause labeled limitation of remedy. This clause is largely similar to a limitation of liability clause in that it controls how much responsibility a company has under a contract. Often, however, the limitation of remedy clauses limits the types of remedies you can pursue.

A limitation of damages clause is a contractual agreement where parties either exclude or limit the availability of damages that statutory law otherwise entitles them to.

The Default and Remedies clause defines what constitutes a default breach of the lease by both Tenant and Landlord, and lays out the remedies both parties can take to resolve the other's breach. The clause defines the: 1. Rights of Landlord.

Many loan agreements contain an 'events of default' clause. This type of clause is designed to protect the lender from non-repayment of the loan and provide them with contractual rights under the loan agreement. As a borrower, events of default clauses can have significant financial consequences.

Understand that there are various rules that limit recovery for the nonbreaching party in a contract case. Know how these concepts serve to limit contract remedies: foreseeability, mitigation of damages, certainty of damages, loss of power of avoidance, election of remedies, and agreement of the parties.

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(Tex.1995), the leading case regarding "as-is" provisions in Texas. Performs all other related duties as assigned.Minimum Requirements. Development Agreement"), relative to the CITY and TIRZ providing a program of incentives in exchange for Developer completing certain improvements which. But even in the present state of relative technological enlightenment, the keenest engineering minds can err in their most searching. " Municipal defaults and bankruptcies have become more common in the last decade but are still rare. Qualification: We express no opinion with respect to any provision requiring arbitration. Comments. Identifies top health and health related needs in the community. BONDHOLDERS' REMEDIES . . . The Ordinance does not establish specific events of default with respect to the Certificates.

Tarrant Texas Clauses Relating to Defaults, Default Remedies

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