Definition
Stipulation, subdivision, or a numbered part or section of a document, that clarifies, defines, or explains the subject matter. Clauses are the 'ifs,' 'buts,' and 'ands' of a contract, proposal, or statute.
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The Most Favored Customer Clause
One useful but fairly uncommon type of contract stipulation is a most-favored-customer clause. Under such an arrangement, no one gets a better price than this customer, or if someone else does then th ... Read more
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