Breach of Contract.
limitation of liablity
The provision in a contract mandating that all disputes arising under the contract be settled by arbitration is called a binding arbitration clause.
A contract provision that relieves a party to the contract from liability is known as
contract is terminated
I declined the contract due to a certain provision. It may take all day to provision the boat.
Provision of services is like a contract that is made between two people or organizations.
Am looking for either (Permanent or contract) but still I will prefer Permanent if I have a choice.
The word 'provision' is both a noun (provision, provisions) and a verb (provision, provisions, provisioning, provisioned). Examples:Noun: We've stocked the pantry with provisions in preparation for the blizzard.Verb: We're under contract with the government to provision socks to the Navy.
The purpose of a contract is to make the agreement binding on the parties. There are generally provisions in a contract that allow cancellation under specific conditions. They revolve around contingencies, most commonly an inspection and financing. Beyond that a buyer can cancel a contract but will likely lose any deposit. Even then it is possible for the seller to sue for nonperformance.
Application
federal tax rate on modified endowment contracts
When there's a condition in the contract that requires one side to do (or refrain from doing) an action by a certain time, you have a contract provision.