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Conclusive evidence clause: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Any finance lawyer will be familiar with the following kind of clause: {{quote|In the absence of manifest error, a certificate from the Lender as to any amount due will b...") |
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Any finance lawyer will be familiar with the following kind of clause: | Any finance lawyer will be familiar with the following kind of clause: | ||
{{quote|In the absence of [[manifest error]], a certificate from the Lender as to any amount due will be conclusive evidence of the amount owing.}} | ''{{quote|In the absence of [[manifest error]], a certificate from the Lender as to any amount due will be conclusive evidence of the amount owing.}}'' | ||
[[Conclusive evidence]] clauses are meant to support [[indemnities]]. There’s a wealth of snarkily-presented information in [[indemnities]] [[Indemnity|in the usual place]],ref>Go on — honestly — you’ll love it.</ref> but the key point to remember is that, a well-crafted {{tag|indemnity}} is meant to be a pre-agreement to pay an ''ascertainable sum'' of money: both people are meant to have a fairly clear handle on what is to be paid out. | [[Conclusive evidence]] clauses are meant to support [[indemnities]]. There’s a wealth of snarkily-presented information in [[indemnities]] [[Indemnity|in the usual place]],ref>Go on — honestly — you’ll love it.</ref> but the key point to remember is that, a well-crafted {{tag|indemnity}} is meant to be a pre-agreement to pay an ''ascertainable sum'' of money: both people are meant to have a fairly clear handle on what is to be paid out. | ||