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Liquidated Damages

Clause referring to an amount predetermined by the parties as the total amount of compensation a non-breaching party should receive if the other party breaches a part of the contract.

Acceleration

Clause requiring the obligor to pay all or a part of a payable amount sooner than as agreed upon the occurrence of some event or circumstance stated in the contract.

Force Majeure

Clause designed to protect against failures to perform contractual obligations caused by unavoidable events beyond the party's control.

Assignment

Clause prohibiting or permitting assignment under certain conditions.

Termination

Clause outlining when and under which circumstances the contract may be terminated.

Entire Agreement

Clause stating that the written terms of an agreement may not be varied by prior or oral agreements.