EXPENSE ALLOCATION AGREEMENT. This AGREEMENT, effective as of ______, 199__ , is by and between the. [list each fund] with offices at__________________(collectively the Funds) and. [list union and other entities] with offices at__________________(the Union).
A condition in a contract that causes the contract to become invalid if a certain event occurs. A condition in a contract or will that causes the contract to become invalid if a certain event occurs.This is different from a condition precedent.The happening of a condition subsequent may invalidate a contract which is, until that moment, fully valid and binding. In the case of a condition precedent, no binding contract exists until the condition occurs. condition in a contract that causes the contract to become invalid if a certain event occurs. A condition in a contract or will that causes the contract to become invalid if a certain event occurs.
Pros And Cons Of Contract Law. Contract law is governed by the UCC or the Uniform Commercial Code. This regulates and makes sure that the law is enforced by the members of the contract. However, there are several pros and cons to this contract law. The advantage of contract law is that it allows the parties involved to search for solutions if there has been a breach of contract. The main purpose of a contract is to make sure that the terms of mutual decision have been reached carefully by both the parties.