The term "provision" refers to a specific clause or stipulation within legal documents, such as statutes, contracts, or agreements. It outlines particular conditions or requirements that must be met. In a broader sense, a provision can also indicate any preparatory action taken to ensure certain outcomes or to allocate resources appropriately.
In legal practice, provisions are essential components of contracts and statutes. They serve to clarify the rights and obligations of the parties involved. Provisions can be found in various legal areas, including:
Users can manage these provisions with the right tools, such as legal templates from US Legal Forms, which are drafted by experienced attorneys.
Here are a couple of examples of abatement:
Example 1: A lease agreement may include a provision stating that the landlord must provide at least 30 days' notice before raising the rent.
Example 2: A tax law may have a provision that dedicates a portion of tax revenue to public education funding. (hypothetical example)
One notable statute that includes provisions is the Montana Code Annotated, specifically:
Mont. Code Anno., § 17-1-502, which defines a "dedicated revenue provision" related to the allocation of tax revenue.
Examples of state differences (not exhaustive):
| State | Provision Type | Notes |
|---|---|---|
| California | Contractual Provisions | Specific requirements for enforceability may differ. |
| Texas | Statutory Provisions | Provisions must be clearly defined to be enforceable. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Clause | A specific provision in a document. | Clauses are often part of larger provisions. |
| Stipulation | A requirement or condition in an agreement. | Stipulations may not always be legally binding. |
If you encounter a provision in a legal document that affects you, consider the following steps:
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