What is an attorney clause?

Asked by: Prof. Kendrick Bruen Sr.  |  Last update: July 29, 2023
Score: 4.8/5 (58 votes)

An attorney approval clause enables buyers to sign a sales and purchase agreement and to conduct the trade in consultation with an attorney. The clause dictates that fulfillment of the deal will not take place until it is approved by the attorney.

What does the attorney fee clause in a listing provide?

The Attorneys' Fees clause defines which party pays for lawyer fees and other costs arising out of a dispute. When included, the clause typically provides that the prevailing party has the right to recover fees and costs.

What is a clause in a legal document?

A clause is a specific point or provision in a law or legal document. It can be an article, section, or standalone paragraph that addresses any topic pertaining to the document that contains it.

What is a clause in a contract?

A clause dictates certain conditions under which the parties agree to act during the term of the contract. Clauses can be what is termed boilerplate clauses, meaning they are fairly standard in every contract, and as such, are generally agreed upon conditions that require little debate or negotiation.

What is the capped fee clause?

The right of Manager to receive any compensation for its services under this Agreement other than such funds as are necessary to cover its actual costs of providing such services, shall be subordinate to the rights of the holders of the GLR Preferred Stock.

What is an Attorney's Fees Clause?

24 related questions found

What is a fees clause example?

Clause Example:

“In the event of a claim being brought to enforce rights under this contract, the prevailing party shall be entitled to recover its costs and expenses, including but not limited to reasonable attorneys' fees, incurred in the event of breach of this contract.”

What is a liability cap clause?

A liability cap is a contractual clause or agreement that limits the amount of damages a client can claim from a professional services firm, in the event of negligence or a breach of contract.

What are the 5 clauses of a contract?

Common Contract Clauses
  • Severability Clause. This clause dictates if any of the provisions in the contract are illegal, invalid, or enforceable. ...
  • Governing/Jurisdiction Clause. ...
  • Force Majeure Clause. ...
  • Limitations on Liability Clause. ...
  • Confidentiality Clause. ...
  • Damages Clause.

What is the purpose of a clause?

Because a clause expresses an action or a state of being, a clause can often—but not always—function as an independent sentence. A sentence can have just one clause or it can have multiple clauses. The only defining characteristic of a clause is that it must contain a related subject and verb.

What are examples of clauses?

The sentence "When it rained they went inside" consists of two clauses: "when it rained" and "they went inside."

What does a clause look like in a contract?

Basically, a contract clause is a written section that unscrambles any contractual confusion. There are many ways to write clauses but while each applies to a different aspect, their goal is ultimately the same — to clearly define and outline one specific part of the contract or agreement.

What is an example of a clause in law?

Examples of such clauses can be the goods or services to be provided; details about what, when, how, and under circumstances the party providing those things will be paid; who owns the rights to the goods or services; what happens if there is a breach of the contract or a dispute; the term or length of the contract; ...

Why are clauses important in a contract?

Clauses in a contract are important for laying out certain conditions under which parties agree to the terms of the contract. They also can provide direction on how the contract will be enforced under different conditions or events.

What is the fee agreement between a lawyer and a plaintiff called?

A contingency agreement is an arrangement between a plaintiff and a lawyer, stating that the lawyer will represent the plaintiff without money to pay up front.

Why am I being charged a listing fee?

eBay listing fees, or “insertion fees” as eBay calls them, are the cost you are charged upfront whenever you list an item for sale on eBay. Like a marketplace, if you have a stall, you pay a fee for being there and for the host bringing you potential customers.

What is a clause in a contract that specifies who pays the cost for judgments and or legal defenses in the event of litigation called?

A “prevailing party” contract clause is a provision that requires the losing par- ty of a lawsuit, claim or other litigation to pay the legal expenses incurred by the prevailing party, including attorney fees.

What does clause mean for dummies?

A clause is a group of words that contain a subject (the noun or pronoun about which something is being said, usually the doer of the action) and a verb (a doing word).

What is a clause for dummies?

A clause is a group of words that contains both a subject and a predicate. Charlie runs. There's a subject; there's a predicate. It's a clause. Charlie eats a shoe.

What is the most important part of a clause?

The central part of the clause is the predicate verb, which specifies what kind of event or state we are talking or writing about.

How do you add a clause to a contract?

You can use a contract amendment letter to list the changes to the original document and have both parties sign. You can create a contract amendment created from a template or from a legal services provider. You can add amendment pages—digital or print—to the end of the original signed contract.

What clauses are needed in a contract?

To write effective and enforceable business contracts, you need to include a number of contract clauses. These include indemnification, force majeure, copyright, termination, warranties and disclaimers, and privacy.

What are the 3 rules of a contract?

Elements of a Contract
  • Offer - One of the parties made a promise to do or refrain from doing some specified action in the future.
  • Consideration - Something of value was promised in exchange for the specified action or nonaction. ...
  • Acceptance - The offer was accepted unambiguously.

What is liability clause in simple words?

A limitation of liability clause (sometimes referred to simply as a liability clause) is the section in a contracted agreement that specifies the damages that one party will be obligated to provide to the other under terms and conditions stipulated in the contract.

What is a force majeure clause?

A force majeure clause states that if an extreme, unforeseeable event occurs that prevents or delays a party from performing their contractual obligations, that party will not be in breach of contract as a result of the delay/non-performance.

What liability Cannot be capped?

Negligence. It is not possible to exclude or restrict liability for death or personal injury resulting from negligence.