Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

deregulation clause

Read a random definition: rectitudo

A quick definition of deregulation clause:

A deregulation clause is a part of a contract for buying and selling natural gas. It explains how the price of gas will be decided and what both the buyer and seller must do if the government stops regulating the price of gas. This clause is important because it helps both parties understand what will happen if the rules change.

A more thorough explanation:

A deregulation clause is a provision in a gas contract that outlines how the price of gas will be calculated and what the obligations of the buyer and seller will be if regulated natural gas becomes deregulated.

For example, a gas contract may include a deregulation clause that states that if the government deregulates natural gas prices, the buyer and seller will negotiate a new price based on market conditions. This clause protects both parties from unexpected changes in the market and ensures that they are prepared to adapt to any changes in regulations.

Another example of a deregulation clause could be in a contract between a utility company and a natural gas supplier. The clause may specify that if natural gas prices are deregulated, the supplier will be responsible for any additional costs associated with transporting the gas to the utility company's facilities.

Overall, a deregulation clause is an important component of gas contracts that helps to ensure that both parties are prepared for any changes in regulations that may impact the price or delivery of natural gas.

deregulation | de rei gestae veritate

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
LSD+ is ad-free, with DMs, discounts, case briefs & more.