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How does the provision inure to the benefit of successors and assigns in this contract?

The provision benefits future parties who may take over the contract.


What contract provision relieves a party to the contract from liability is known as?

limitation of liablity


What is a provision in a contract mandating that all disputes arising under the contract be settled by arbitration called?

The provision in a contract mandating that all disputes arising under the contract be settled by arbitration is called a binding arbitration clause.


What provision does the law allow if a party to a contract fails or refuses to perform it?

contract is terminated


Why can't you get out of your timer share?

A contract provision that relieves a party to the contract from liability is known as


What is an example of the word provision used in a sentence?

I declined the contract due to a certain provision. It may take all day to provision the boat.


What are provision of services called?

Provision of services is like a contract that is made between two people or organizations.


How do you draft a contract to permanent provision?

Am looking for either (Permanent or contract) but still I will prefer Permanent if I have a choice.


The entire life insurance contract provision is not complete without a copy of?

Application


What is entire contract provision?

federal tax rate on modified endowment contracts


What is preliminary provision?

In any contract or agreement, there are conditions which must be met by all parties involved. Provisions are used in an agreement or contract to make sure that all parties are satisfied, thereby provisions are "actions provided" to ensure every party has recourse if not satisfied. A preliminary provision is action that could be, but is not required to be taken by any one or all parties of the contract before the contract is even signed, so that there is no misunderstandings going into the agreement or contract from the start.


Can rent-way repossess a couch if you say no?

You must have signed a contract when you rented the couch. If you check the language in the contract you may find that the rental company included a provision that if you failed to make payments then they could repossess the property.