answersLogoWhite

0

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.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Name items which are not included in cost sheet?

Provision for Bad Debts, cash discount, Trade discount, Preliminary expenses written off, Goodwill written off,


What is a preliminary source?

The preliminary source is your mom


What is the plural of preliminary?

The plural of preliminary is preliminaries.


How do you be written off preliminary expenses?

[Debit] Amortization of Preliminary expenses xxxx [Credit] Preliminary expenses xxxx


What is the entry of tds provision?

For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.


What is the Tagalog word for preliminary?

Tagalog translation of preliminary: pauna


What is hauling of provision?

hauling of provision


What sentence can you use for preliminary?

His preliminary drafts indicated it would be a tall building.


Is it possible to appeal a preliminary injunction?

Yes, it is possible to appeal a preliminary injunction.


What does waiver of preliminary hearing mean?

A waiver of preliminary hearing means that it has been decided, or agreed, that no preliminary hearing is needed and so none will be held.


Is shanghai is a provision of china?

It is a city not a provision.


What is the difference between a Preliminary Title Report and a Preliminary Report?

A Preliminary Title Report provides information on the ownership history and any liens or encumbrances on a property, while a Preliminary Report usually refers to a report outlining findings or initial conclusions in a research or study. The Preliminary Title Report is specific to real estate transactions, while a Preliminary Report can be more broadly applicable.