cognovit clause
Definition
Generally-illegal provision in a contract under which a party (1) agrees to the jurisdiction of a certain court, (2) waives requirement of a notice of action, and/or (3) authorizes automatic (without trial) passing of an adverse judgment against itself in case of a breach or default. From Latin cognoscere, to recognize (an action or debt).
cognovit clause is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
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