Definitions, Interpretation and Recitals
Recitals create no obligation and yet decide more disputes than most operative clauses, because when clause 6 is ambiguous the tribunal reads recital C to find out what the parties were trying to do.
- 7 pages
- 43
- Word and PDF
- 14 September 2026
The 3 formats inside
- 1Definitions and interpretation, standard clause setclause 1 of a commercial agreementOn its own₹149
- 2Recitals, four transactionslettered A onwards, placed between the parties block and “Now this agreement witnesseth”On its own₹149
- 3Order of precedence, entire agreement and non-relianceclause set, three posturesOn its own₹149
Read the opening
The first part of “Definitions and interpretation, standard clause set”, as it downloads. Blanks are highlighted.
1. DEFINITIONS AND INTERPRETATION
1.1 Definitions. In this Agreement, unless the context otherwise requires:
“Affiliate” means, in relation to a Party, any person which directly or indirectly Controls, is Controlled by, or is under common Control with, that Party, and in relation to an individual includes a relative as defined in s.2(77) of the Companies Act 2013;
“Applicable Law” means every statute, ordinance, rule, regulation, bye-law, notification, circular, direction, guideline, policy, order, judgment, decree or award of any Governmental Authority, in each case having the force of law and in force from time to time in any jurisdiction in which a Party performs its obligations under this Agreement or in which the Services are received;
“Business Day” means a day other than a Saturday, a Sunday or a day on which scheduled commercial banks are authorised or required to remain closed for normal business in [Mumbai];
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