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término English definición English
Liquidated Damages
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Clause referring to an amount predetermined by the parties as the total amount of compensation a non-breaching party should receive if the other party breaches a part of the contract.
Acceleration
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Clause requiring the obligor to pay all or a part of a payable amount sooner than as agreed upon the occurrence of some event or circumstance stated in the contract.
Force Majeure
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Clause designed to protect against failures to perform contractual obligations caused by unavoidable events beyond the party's control.
Assignment
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Clause prohibiting or permitting assignment under certain conditions.
Termination
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Clause outlining when and under which circumstances the contract may be terminated.
Entire Agreement
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Clause stating that the written terms of an agreement may not be varied by prior or oral agreements.

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