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.
A good contract is an indication that the person you are doing business with has thought about what misunderstandings might occur, and is spelling them out in the contract to avoid arguments. So the fact that they use the terminology (we reserve the right) is not a warning sign.But whether you want to give them rights to something you think you should own is your decision, and as the previous reply said, that is what you should be asking about. Source(s): Eureka! good contract is an indication that the person you are doing business with has thought about what misunderstandings might occur, and is spelling them out in the contract to avoid arguments. So the fact that they use the terminology (we reserve the right) is not a warning sign.