STIPULATIONS Meaning and
Definition
-
Stipulations, as a noun, refer to specific conditions or requirements that are set forth and agreed upon in a contract, agreement, or arrangement, usually between two or more parties. These conditions serve as the terms that must be followed or fulfilled in order for the agreement to be valid and binding.
Stipulations may include various provisions, limitations, demands, or expectations that each party involved must adhere to. These stipulations are typically written down and explicitly stated, providing clarity and avoiding any potential misunderstandings or miscommunications. They establish the rights, obligations, and responsibilities of each party within the agreement.
In legal contexts, stipulations play a vital role in safeguarding the interests of all parties involved. They serve as a means of providing structure and ensuring compliance, as well as protecting one's rights or interests in case of a breach. Stipulations may cover a wide range of aspects, such as payment terms, deadlines, quality standards, delivery schedules, confidentiality agreements, dispute resolution mechanisms, or any other terms necessary to protect the interests of the involved parties.
Careful consideration and negotiation of stipulations are fundamental in constructing fair and balanced agreements that meet the needs and objectives of all parties involved. Clauses or provisions that ensure accountability, minimize risks, and address potential contingencies are often included within the stipulations, allowing the agreement to be implemented smoothly and effectively.
Top Common Misspellings for STIPULATIONS *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for STIPULATIONS
Etymology of STIPULATIONS
The word "stipulation" originates from the Latin term "stipulatio", which was a legally binding agreement or contract. In ancient Rome, contracts were often sealed by an oral exchange of promises. The term "stipulation" specifically referred to the act of guaranteeing something or making a formal agreement. Over time, this Latin term evolved into the modern English word "stipulation" and came to encompass conditions, terms, or requirements laid out in a contract or agreement.
Similar spelling words for STIPULATIONS
Infographic
Add the infographic to your website:
