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Survival Clause in Contracts | GTsetu Home  ›  Global Trade Resources  ›  Survival Clause ⚖️ Resources, Boilerplate & Contract Drafting What Is a Survival Clause? (Savings Clause) 📌 Definition A survival clause (also known as a savings clause) is a contractual provision that specifies which rights, obligations, representations, warranties, and covenants will continue in full … Read more

What Is Termination for Cause? | GTsetu Home  ›  Global Trade Resources  ›  Termination for Cause ⚠️ Resources, Contract Termination What Is Termination for Cause in Commercial Contracts? 📌 Definition Termination for cause (also known as termination for default) is a contractual right that allows a party to end an agreement when the other party … Read more

Termination for Convenience Clause | GTsetu Home  ›  Global Trade Resources  ›  Termination for Convenience 📄 Resources, Contract Termination What Is Termination for Convenience? (T for C Clause) 📌 Definition A termination for convenience (T for C) clause allows a party, typically the buyer or government entity, to end a contract without alleging breach or … Read more

What Is a Cure Period? | GTsetu Home  ›  Global Trade Resources  ›  Cure Period 📋 Resources, Legal & Commercial Terms What Is a Cure Period? 📌 Definition A cure period (also known as a grace period) is a contractual provision that grants a party who has breached an agreement a specified period of time … Read more

What Is a Material Breach of Contract? | GTsetu Home  ›  Global Trade Resources  ›  Material Breach ⚠️ Resources, Contract Disputes What Is a Material Breach of Contract? 📌 Definition A material breach of contract is a substantial failure to perform a contractual obligation that defeats the core purpose of the agreement and deprives the … Read more

Representations & Warranties in Contracts | GTsetu Home  ›  Global Trade Resources  ›  Representations & Warranties 📜 Resources, Contract Drafting & Risk What Are Representations & Warranties in Contracts? 📌 Definition Representations and warranties are contractual statements of fact made by one party to induce another to enter into an agreement. A representation is an … Read more

What Is a Warranty Clause? | GTsetu Home  ›  Global Trade Resources  ›  Warranty Clause 📋 Resources, Legal & Commercial Terms What Is a Warranty Clause? 📌 Definition A warranty clause is a contractual provision that provides assurances regarding the quality, condition, or performance of a product or service. It obligates the seller or service … Read more

What Are Liquidated Damages? | GTsetu Home  ›  Global Trade Resources  ›  Liquidated Damages ⚖️ Resources, Risk & Remedies What Are Liquidated Damages in Commercial Contracts? 📌 Definition Liquidated damages are a specific sum of money, or a formula to calculate that sum, agreed upon by contracting parties in advance as compensation for a potential … Read more