stipulation

  

Definitions (2)

2. Law: Admission of a fact into evidence without the necessity of further proof, on the basis of a voluntary agreement between the opposing parties to a court case.

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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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