Memorandum Clause - Law Dictionary Search Results
Home Dictionary Name: memorandum clausememorandum clause
memorandum clause : a clause in a marine insurance policy setting forth exclusions or special terms for loss or damage to particular cargo ...
escalator clause
escalator clause 1 : a clause in a contract that provides for an increase in the amount of the payments made under the contract to reflect an increase in costs or the raising of a government-imposed cap on costs 2 : a clause in an employment contract that provides for an increase in wages to reflect a rise in the cost of living but prohibits a decrease to reflect a drop in the cost of living ...
zipper clause
zipper clause [from the comparison of such a clause to the closing action of a zipper] : a clause in a labor contract indicating that the agreement is an exclusive and complete expression of consent NOTE: A zipper clause may constitute a waiver of the right to bargain over issues negotiated in or outside the terms of a contract until its expiration. ...
merger clause
merger clause : a clause in a contract stating that the contract is a complete statement of the agreement and supersedes any prior terms, representations, or agreements whether made orally or in writing [merger clauses do not apply to subsequent modifications "J. J. White and R. S. Summers"] ...
contract clause
contract clause often cap both Cs : the clause in Article I, Section 10 of the U.S. Constitution that prohibits states from passing any laws that render contracts invalid or impair the obligations under them ...
escape clause
escape clause : a clause in a contract that allows a party to avoid liability under the contract for specified reasons ;esp : a provision in an insurance policy that denies coverage when other insurance covers the risk ...
integration clause
integration clause : a clause in a contract stating that the contract is a complete and final statement of the agreement between the parties ...
penalty clause
penalty clause 1 : a clause (as in a contract) that calls for a penalty to be paid or suffered by a party under specified terms (as in the event of a breach) and that is usually unenforceable NOTE: A penalty clause differs from a liquidated damages clause by not being tied to an estimate of possible actual damages. 2 : a clause in a statute or judgment that sets forth a penalty for a specific act or omission (as failure to make a support payment on time) ...
mortgage clause
mortgage clause : a clause in an insurance contract (as for fire insurance) that entitles a named mortgagee to be paid for damage or loss to the property see also open mortgage clause, standard mortgage clause ...
saving clause
saving clause : a clause in a statute exempting something from the statute's operation or providing that the rest of it will stand if part is held invalid ;also : a contractual clause providing that if part of the contract is invalidated the rest shall remain in effect called also savings clause ...
- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial