Cognovit clause

Related Terms:

adverse debtor contract jurisdiction judgment default waive agreement provision concede grant breach court notice

Noun

Definition: A provision of a contract in which a debtor concedes to jurisdiction in certain courts, waives notice agreements, and in case of a default or breach grants an adverse judgment.

We hope you enjoyed looking up some related words and definitions. We use various open machine learning and human sources to provide a more coherent reference that pure AI can provide. Although there are similar sites out there, they are filled with nonsense and gibberish due to their pure machine learning approach. Our dataset is in part derived from ConceptNet and WordNet with our own sprinkle of magic. We're always working on improving the data and adding more sources. Thanks for checking us out!