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.
There are two basic types of precedent in the United States: persuasive and binding precedents. A binding precedent is one that must be followed in the court of law, whereas a persuasive precedent encompasses an interpretive aspect that can suggest a court of action. legal precedent is derived from case or pas judicial decisions rendered in previously-heard legal cases. All precedents, unless overturned by a higher court or more recent decision, are legally binding and attached to legal matters given the presence of similarities in the underlining legal case.