Atterminement refers to the act of granting additional time for someone to fulfil a task, such as repaying a debt. It can also involve establishing a specific deadline for a particular matter.
Atterminement (-t?r-min-m?nt) refers to the act of providing a delay for a particular reason, such as extending the deadline for debt payment or setting a time limit. For instance, John requested an atterminement to postpone his rent payment as he required additional time to gather the necessary funds. Similarly, the court granted an atterminement to the defendant to allow them to collect evidence for their case. These examples demonstrate how atterminement can be utilised to extend a specific deadline or time limit. In the first example, John needed more time to pay his rent, so an atterminement was approved to accommodate his situation. In the second example, the defendant required additional time to gather evidence, so an atterminement was granted to enable them to adequately prepare their case.
Atterminement is a legal term that refers to the termination or cancellation of a contract or agreement by mutual consent of all parties involved.
No, atterminement requires the agreement and consent of all parties involved. It cannot be done unilaterally.
While both terms involve the end of a contract, atterminement specifically refers to termination by mutual consent, whereas termination can occur for various reasons, including breach of contract.
While it is not mandatory to have a lawyer, it is advisable to seek legal counsel to ensure that the atterminement is properly executed and all legal implications are considered.
Once atterminement is agreed upon and executed, it is binding on all parties involved. If one party changes their mind, they may be in breach of the atterminement agreement.
Atterminement can be used as a means to avoid potential legal consequences that may arise from a contract. However, it is important to consult with a lawyer to ensure that all legal obligations and liabilities are properly addressed.
Yes, atterminement can be used to terminate a lease agreement if all parties involved agree to end the contract before its original term.
The financial implications of atterminement depend on the terms agreed upon by the parties involved. It may involve the payment of any outstanding dues, return of deposits, or compensation for any losses incurred.
While verbal agreements may be considered valid in some cases, it is highly recommended to have a written agreement for atterminement to avoid any misunderstandings or disputes in the future.
If all parties involved have willingly and mutually agreed to atterminement, it is unlikely to be challenged in court. However, if there are allegations of coercion, fraud, or any other legal issues surrounding the atterminement, it may be subject to legal scrutiny.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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