Basic Terms and Definitions Rules of Construction Clause Samples
The "Basic Terms and Definitions; Rules of Construction" clause establishes the foundational terminology and interpretive guidelines for the contract. It typically lists key terms used throughout the agreement and provides precise definitions to ensure all parties share a common understanding. Additionally, it may outline how the contract should be read, such as specifying that singular terms include the plural, or that headings are for convenience only. This clause is essential for preventing ambiguity and disputes by ensuring clarity and consistency in the interpretation of the contract's provisions.
Basic Terms and Definitions Rules of Construction. The following basic terms, as used in this Lease and in all amendments to the Lease (unless otherwise specified or unless the context otherwise requires), shall have the meanings set forth below:
Basic Terms and Definitions Rules of Construction. The following basic terms, as used in this Lease and in all amendments to the Lease (unless otherwise specified or unless the context otherwise requires), shall have the meanings set forth below: Land: All that certain plot, piece or parcel of land located in the City/Village/Town of ______, County of _______, State of New York, which land is described in Exhibit 1 annexed hereto. Improvements: All buildings and other improvements now located, or hereafter erected, on the Land, together with all fixtures now or in the future installed or erected in or upon the Land or such improvements and owned or leased by Landlord or Tenant (including boiler(s), equipment, elevators, escalators, machinery, pipes, conduit, wiring, septic systems, ▇▇▇▇▇, heating, ventilation and air conditioning systems).
Basic Terms and Definitions Rules of Construction