provision of an agreement
71noncompetition agreement — A provision in an employment contract or a contract for the sale of a business, under which one party agrees not to compete with the other party for a specific period and/or within a particular area. A salesperson or a literary agent might… …
72separation agreement — An agreement made between husband and wife in prospect of the breaking up of the marital union, stipulating that it shall be lawful for the parties to live separate and apart until, by mutual agreement, the separation is ended, customarily… …
73mandatory provision — In the context of dispute resolution, a provision of the Arbitration Act 1996 which applies regardless of the parties agreement. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
74non-mandatory provision — In the context of dispute resolution, a provision of the Arbitration Act 1996 which the parties are entitled to contract out of, but which will apply in the absence of any agreement to the contrary. All the provisions of the Act which are not… …
75anti-sandbagging provision — USA A provision which protects a party from liability for breach of a representation and warranty (representations and warranties) if the other party knew of the breach before signing the transaction agreement or closing, or if the party provided …
76Lock-up provision — is a term used in corporate finance which refers to the option granted by a seller to a buyer to purchase a target company’s stock as a prelude to a takeover. The major or controlling shareholder is then effectively locked up and is not free to… …
77contract provision — noun arrangement, article of agreement, clause, condition, limitation, obligation, postulation, prerequisite, proviso, qualification, requisite, restriction, specification, stipulation, term Burton s Legal Thesaurus. William C. Burton. 2006 …
78hiring-hall agreement — A provision in a collective labor agreement respecting the maintenance of a hiring hall by the union, the characteristic feature of which is the clause respecting discrimination against prospective employees because of the presence or absence of… …
79sunset provision — sunset pro,vision or sunset ,law noun count AMERICAN a condition that states that a plan or agreement will automatically end after a particular period of time unless special arrangements are made for it to continue …
80rollover provision — /ˈroʊloʊvə prəˌvɪʒən/ (say rohlohvuh pruh.vizhuhn) noun 1. an agreement made between a borrower and lender in which each guarantees to renew a loan, when it matures, at a rate of interest based on the ruling rate of interest at the time of… …
