Absent a written agreement between the parties that expressly imposes affirmative obligations to the contrary for that transaction: Difference between revisions

no edit summary
(Created page with "This lumpen phrase has found its way into the derivatives canon. Google “absent a written agreement between the parties that expressly imposes affirmative obligations to t...")
 
No edit summary
Line 4: Line 4:


A moment’s reflection can break down this turgid twaddle:
A moment’s reflection can break down this turgid twaddle:
:“Absent” => “''unless''
:“Absent” => “''unless''
:“a written agreement between the parties” => “''the parties agree''”
:“a written agreement between the parties” => “''the parties agree''”
:“that expressly imposes affirmative obligations to the contrary”  => “''to the contrary''
:“that expressly imposes affirmative obligations to the contrary”  => “''to the contrary''
:for that transaction => “”
:for that transaction => “”


This is, in other words, a long-winded way of saying “unless we agree otherwise”.
This is, in other words, a long-winded way of saying “unless we agree otherwise”.