Compensation Contract Clause Examples
Insurance and indemnification clauses are fundamental to a well-drafted contract. The indemnification clause identifies the party that must pay damages.
Part 49 - Termination of Contracts | Acquisition.GOV
(a) The termination for convenience clauses in 52.249, except the short-form clauses, obligate the prime contractor to assign to the Government, ...
Contract Terms - Types, Differences and Most Used - Summize
This clause aims to protect parties from circumstances beyond anyone's control. For example, commonly, this clause refers to natural forces such ...
Standard of Practice 16-16 and Compensation: New Clause ...
The language in this clause has been drafted to work with the Virginia REALTORS® purchase contract. If you want to use this language in some ...
Common Contract Clauses: Part 2-Module 4 of 6 - LawShelf
Sample liquidated damages clause: In the event of delay in [type of project] completion, the [performing party] shall pay liquidated damages to [the owner] in ...
What Is a Consideration Clause? - Ironclad
The most straightforward example is monetary compensation for the exchange of goods. ... Common examples of consideration in a contract. While consideration can ...
Pay-When-Paid vs Pay-If-Paid: Contingent Payment Clauses ...
That is, the language that a contractor will pay his sub when he receives payment from the property owner is not interpreted to string that time ...
Termination Clauses - LexisNexis
A breach of this agreement includes, but is not limited to, the following: customer's failure to pay any amount hereunder which is more than [number, e.g. ...
A quick look at different types of contract clauses - PandaDoc
For example, an escalator clause is common in construction contracts to adjust costs in the labor market and the price of materials. Escalator ...
Pay Transparency Regulations Frequently Asked Questions
... Clause into contracts and subcontracts "by reference"? Do ... Examples of "compensation information" include the desire of the contractor ...
Clauses Not Permitted - Smith College
In no event shall either party be liable to the other for special, consequential, punitive or exemplary damages under this agreement. Each party's liability to ...
Indemnification Clauses in Commercial Contracts | Thomson Reuters
This clause also defines which claims are covered, the process for claiming compensation, and any liability limits. It can also cover direct ...
Contract Clause: What Is It? Examples
A contract clause is a section in a legally enforceable contract that contains terms and conditions and important provisions of the legal agreement.
Indemnification Clauses in Contracts - Bloomberg Law
Hold harmless vs. indemnify ... Per the bracketed language in the sample clause below, an indemnity clause may include additional promises to ...
Common Contract Clauses: Part 4-Module 6 of 6 - LawShelf
Sample termination clause: Party A may terminate this Agreement for any reason and at any time during its term. Any payments due and owing party B by party A ...
Employment contracts - Fair Work Ombudsman
An employment contract is an agreement between an employer and employee that sets out terms and conditions of employment.
5 Key Contract Clauses Every Architect Should Know - YouTube
thorough understanding of these five key clauses and how to negotiate appropriate language ... Damages, Scope Definition, Suspension of ...
Breach of Contract Explained: Types and Consequences
Damages and Legal Remedies ... For example, if you completed a job for which a contract stated you would get paid $50,000, but you only got $20,000, you could be ...
For example, if a patient refuses to pay after being examined by a doctor ... clauses if the contract includes a severability clause. The test of ...
Video: Contracts Clause | Definition, Applications & Examples
Learn all about contract clauses. Understand what a clause is in a contract, learn the Contracts Clause in the Constitution, and see examples of...