A "Rule of Construction" clause in a contract establishes guidelines for interpreting the terms and provisions within the agreement. This clause can specify that the contract should not be interpreted against the party that drafted it, ensuring a fair and neutral interpretation.
Waiver of Rule of Construction. Each Party has had the opportunity to consult with counsel in connection with the review, drafting and negotiation of this Termination Agreement. Accordingly, the rule of construction that any ambiguity in this Termination Agreement shall be construed against the drafting Party shall not apply.
No Rule of Construction. The Parties acknowledge that all Parties have read and negotiated the language used in this Agreement. The Parties agree that, because all Parties participated in negotiating and drafting this Agreement, no rule of construction shall apply to this Agreement which construes ambiguous language in favor of or against any Party by reason of that Party’s role in drafting this Agreement.
Ambiguities. The parties hereby acknowledge that the normal rule of construction to the effect that ambiguities in an agreement are constructed against the drafting party shall not apply to this Agreement.
Rule of Construction. The general rule of construction for interpreting a contract, which provides that the provisions of a contract should be construed against the Party preparing the contract, is waived by the Parties hereto. Each Party acknowledges that such Party was represented by separate legal counsel in this matter who participated in the preparation of this Agreement or such Party had the opportunity to retain counsel to participate in the preparation of this Agreement but elected not to do so.
Each party hereby waives the application of any law, regulation, holding, or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document, and also waives the right to a trial by jury in respect of this Agreement and the transactions contemplated hereby.
Landlord and Tenant do each hereby acknowledge that it and/or its counsel have reviewed and revised this Amendment, and agree that no rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall be employed in the interpretation of this Amendment. This Amendment may be amended or modified only by an instrument in writing signed by each of the Landlord and Tenant.
THE PARTIES HERETO INTEND THAT THE LIMITATION OF LIABILITY SET FORTH IN THIS SECTION BE CONSTRUED AND APPLIED AS WRITTEN NOTWITHSTANDING ANY RULE OF CONSTRUCTION TO THE CONTRARY.
Construction. The Company and the Majority Investors acknowledge that the Company and its independent counsel and the Majority Investors and their independent counsel have jointly reviewed and drafted this document, and agree that any rule of construction and interpretation to the effect that drafting ambiguities are to be resolved against the drafting party shall not be employed.
As such, the parties agree to waive any and all rights to apply an interpretation of any and all terms, conditions or provisions hereof, including the rule of construction that such ambiguities are to be resolved against the drafter of this Agreement.
Rule of Construction. The general rule of construction for interpreting a contract, which provides that the provisions of a contract should be construed against the Party preparing the contract, is waived by the Parties hereto. Each Party acknowledges that such Party was represented by separate legal counsel in this matter who participated in the preparation of this Agreement or such Party had the opportunity to retain counsel to participate in the preparation of this Agreement but elected not to do so.
Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be applied in the construction or interpretation of this Letter Agreement.
A Rule of Construction is a guideline used in contract law to interpret the terms of a contract. These rules help clarify the intent of the parties involved, especially when the contract language is ambiguous or unclear. The primary objective is to discern the parties’ intentions, ensuring that the contract provisions are implemented as originally intended.
You should use a Rule of Construction when there is ambiguity or uncertainty in contract language. When the wording of a contract is open to multiple interpretations, these rules can assist parties and courts in determining what the language was supposed to mean. Legal disputes often arise due to ambiguous terms, and a Rule of Construction can provide a framework for resolving these disputes fairly.
When drafting a Rule of Construction for a contract, you should clearly outline the principles that will guide the interpretation of ambiguous terms. These may include:
Explicitly stating these rules within the contract can prevent potential disputes and provide clarity on how to handle interpretative issues.
Rules of Construction are often found in many types of contracts, including:
Including these rules can help safeguard against litigation and make the intent of the contract more apparent to all parties involved.
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
A salary deferral agreement is a contractual arrangement between an employer and an employee that allows the employee to defer a portion of their salary to be paid out at a later date, often to take advantage of tax benefits or for retirement savings. This agreement outlines the terms, including the deferred amount, the method of deferral, and any conditions or timelines for payment.
A savings clause is a provision in a contract that ensures the remainder of the agreement remains enforceable even if one part is found invalid or unenforceable. It serves to preserve the integrity of the contract by allowing it to function to the greatest extent possible, notwithstanding the invalidated sections.
The "Scope of Processing" clause outlines the specific activities and purposes for which personal data will be processed by one party on behalf of another, ensuring clarity and compliance with applicable data protection laws. It typically details the types of data involved, the processing methods to be used, and the duration of such processing activities.
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