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Simple English definitions for legal terms

fluctuating clause

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A quick definition of fluctuating clause:

A fluctuating clause is a part of a contract that allows for the price to change based on certain conditions. For example, if taxes or operating costs go up, the price of the contract may also go up. This can also apply to alimony payments in a divorce agreement, where the payments may increase if certain events happen, like a cost-of-living increase or a salary increase for the person paying the alimony. In the oil and gas industry, a fluctuating clause may allow for the base price of gas to be adjusted as the market changes. This clause is also called an escalation clause.

A more thorough explanation:

A fluctuating clause, also known as an escalator clause, is a provision in a contract that allows for the adjustment of the contract price based on changing market conditions. This means that the price can increase or decrease depending on factors such as taxes or operating costs.

For example, a construction contract may include an escalator clause that allows for the price to increase if the cost of materials or labor goes up. Similarly, a divorce agreement may include an escalator clause that automatically increases alimony payments if the obligor's salary increases.

In the oil and gas industry, a fluctuating clause may be included in a long-term gas contract to allow for adjustments to the base price of the gas as the market changes.

It's important to note that escalation clauses for child support are often unenforceable.

Overall, a fluctuating clause provides flexibility in contract pricing and allows for adjustments to be made based on changing circumstances.

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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
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
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