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An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
Advance payments made as a loan are generally repayable but this is not always the case. In Leibson Corporation and Others v TOC Investments Corporation and Others, an English Court of Appeal case in 2018, [3] it was established following principles of contractual interpretation that, in the absence of any specific language to the contrary, an "advance" is not always repayable.
The term template, when used in the context of word processing software, refers to a sample document that has already some details in place; those can (that is added/completed, removed or changed, differently from a fill-in-the-blank of the approach as in a form) either by hand or through an automated iterative process, such as with a software assistant.
This is the {{Wikipedia templates}} navigation box. It is suitable for transcluding at the bottoms of template documentation and templates guidelines. This template is a self-reference and so is part of the Wikipedia project rather than the encyclopaedic content.
A gross-up clause is also used when a payment that is made will be subject to taxes and the payer makes an additional payment to indemnify the recipient against the taxes – that payment will also be subject to tax. The sequence of additional payment, tax calculation, additional payment continues until the recipient receives the same amount ...
To place the template itself into a category, add the [[Category:Category name]] code inside an <includeonly>...</includeonly> section on the doc subpage. See Wikipedia:Categorization § Template categorization for guidelines. To create an interwiki link for the template itself, go to Wikidata and follow the instructions for adding links to pages.
Prompt payment is a commercial discipline which requires businesses to: . agree fair and reasonable payment terms with their suppliers; ensure suppliers' invoices are approved and paid within agreed terms
[1] [2] Acceleration clauses are most prevalent in mortgages and similar contracts to purchase real estate in installments. In a mortgage contract, activation of an acceleration clause may operate as a precursor to a foreclosure action through which a lender may legally compel the sale of the property that the borrower acquired by using the ...