82,891
edits
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) No edit summary |
||
Line 9: | Line 9: | ||
The [[entire agreement]] clause is legal boilerplate to nix any unwanted application of the [[parol evidence]] rule — to make sure one only cares for the four corners of the written agreement, and no extra-documentational squirrelling is allowed. Which might be a problem because the time-honoured understanding between all right-thinking derivatives trading folk is that the [[oral agreement]], between the traders is the binding legal agreement, and not the subsequent confirmation, hammered out between middle office and operations folk after the trade is done. Hasten to Section {{{{{1}}}|9(e)(ii)}} — the {{{{{1}}}|Confirmation}} is only ''evidence'' of the binding agreement. Could that be it? | The [[entire agreement]] clause is legal boilerplate to nix any unwanted application of the [[parol evidence]] rule — to make sure one only cares for the four corners of the written agreement, and no extra-documentational squirrelling is allowed. Which might be a problem because the time-honoured understanding between all right-thinking derivatives trading folk is that the [[oral agreement]], between the traders is the binding legal agreement, and not the subsequent confirmation, hammered out between middle office and operations folk after the trade is done. Hasten to Section {{{{{1}}}|9(e)(ii)}} — the {{{{{1}}}|Confirmation}} is only ''evidence'' of the binding agreement. Could that be it? | ||