“This Agreement Shall Absolutely Determine” – Understanding the Use of Legalese in Contracts
Contracts and legal documents are often filled with complex and technical jargon that can be difficult to comprehend. One phrase that commonly appears in contracts is “this agreement shall absolutely determine.” What does this mean, and why is it important for parties to understand this phrase?
Firstly, it`s essential to understand what “determine” means in a legal context. In contracts, “determine” typically refers to the act of settling or resolving a dispute or issue that may arise in the future. By including the phrase “this agreement shall absolutely determine” in a contract, the parties are essentially saying that this contract is the final and binding resolution of any disputes that may arise between them.
Furthermore, the use of the word “absolutely” in this phrase adds an extra layer of emphasis. It signifies that there is no room for ambiguity or uncertainty in the terms of the contract. The parties are agreeing to be bound by the specific provisions outlined in the contract, with no exceptions or wiggle room for interpretation.
It`s crucial for parties to understand the implications of including this phrase in their contracts. By agreeing to “this agreement shall absolutely determine,” the parties are essentially waiving their right to pursue any other legal remedies outside of what is outlined in the contract. This can be especially important in situations where there may be multiple parties involved or complex issues at stake.
However, it`s also important to note that including this phrase in a contract does not necessarily guarantee a resolution that is fair or equitable for all parties involved. It`s still essential for parties to carefully review and negotiate the terms of the contract to ensure that their interests are adequately protected.
In summary, the phrase “this agreement shall absolutely determine” is a legal term that signifies that the contract is the final and binding resolution for any disputes between the parties involved. While this phrase can provide clarity and certainty, parties must ensure that the terms of the contract are fair and equitable before agreeing to it.