FINAL PROVISION Meaning and
Definition
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Final provision refers to a clause or section that concludes a legal agreement or contract, encapsulating the remaining terms and conditions that may not have been covered explicitly in preceding portions. It serves as the concluding segment of a document and outlines the final arrangements, rights, obligations, or limitations that apply to all parties involved. This provision typically encompasses miscellaneous matters that could not be addressed in other sections, often intending to tie up loose ends and resolve any remaining issues.
The final provision is vital in ensuring that all parties understand the entirety of the agreement, as it covers arrangements that might have been inadvertently overlooked earlier. It aims to provide clarity and certainty by encompassing any outstanding matters, making it an essential component of any legally binding contract.
This section may include information regarding termination or expiration of the agreement, resolution of any potential disputes, modification procedures, governing law, and jurisdiction. Additionally, it could specify how notices will be served, the entire agreement clause, confidentiality obligations, and any indemnification or liability provisions that remain.
In summary, the final provision concludes a legal document by incorporating any remaining terms and conditions to ensure that all parties involved have a comprehensive understanding of their rights, obligations, and limitations beyond the specificities outlined in previous sections.
Common Misspellings for FINAL PROVISION
- dinal provision
- cinal provision
- vinal provision
- ginal provision
- tinal provision
- rinal provision
- funal provision
- fjnal provision
- fknal provision
- fonal provision
- f9nal provision
- f8nal provision
- fibal provision
- fimal provision
- fijal provision
- fihal provision
- finzl provision
- finsl provision
- finwl provision
- finql provision
Etymology of FINAL PROVISION
The etymology of the word "final provision" can be broken down as follows:
1. Final: The word "final" originates from the Latin word "finalis", which means "last, final, conclusive". It is derived from the Latin word "finis", meaning "end, limit, boundary". The word "final" entered the English language around the 14th century.
2. Provision: The word "provision" comes from the Latin word "provisio", which means "a foreseeing, foreseeing far-off, preparation". It is derived from the Latin word "providere", which translates to "foresee, attend to, take precautions". The word "provision" entered the English language in the early 15th century.
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