What does Subject to board approval mean?
As the Judge explained: “When a person concludes an agreement on behalf of a company which is stated to be subject to its board approval, he makes clear that he does not have authority, or at any rate is not prepared, to commit the company unless and until the approval is given.
What does Subject to agreement mean?
‘Subject to contract’ is a useful label which is usually understood to mean that the parties are still negotiating and have not yet reached a final, binding agreement. Parties should ensure that any document which is not intended to be legally binding is clearly labelled or titled ‘subject to contract’.
What clauses should be in a contract?
10 Key Contract Clauses You Should Know
- 10 Key Contract Clauses You Should Know. R.
- Termination. Another key term, often found at the end of the contract, is the termination clause.
- Dispute Resolution.
- Merger (Integration) Clause.
- Governing Law.
- Confidentiality.
- Non-Compete and Non-Solicitation.
- Indemnification.
What does Subject to clause mean?
Subject to: The phrase “subject to” is used when an exception from a rule or provision contained in a different clause of the contract needs to be introduced.
What does Subject to mean in legal terms?
Conditional
1. Conditional or dependent on something. 2. Being under domination as of a authority or government subject to the whims of the boss.
Why are clauses important in contracts?
Important clauses in a contract include such attributes as termination clauses and confidentiality provisions. Also, various clauses in an agreement will protect your business from miscommunication and lawsuits, providing legal safeguards that your business may not otherwise receive.
What does subject to section mean?
Subject to… introduces a priority of clauses. Obligations sometimes contradict or overlap each other. In most cases, the issue is solved by the words Subject to section…, indicating the hierarchical interaction between both provisions.
What does subject to mean in a legal document?
Is subject to or subjected to?
The adjective subject to implies that the job applicants must undergo scrutiny, whereas the verb form subjected to more strongly emphasizes the fact that the job applicants were the direct objects of intensive interviews, background checks, and assessments because the verb more clearly expresses action that is …