Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

honorable-engagement clause

Read a random definition: inverse condemnation

A quick definition of honorable-engagement clause:

Term: Honorable-Engagement Clause

Definition: An honorable-engagement clause is a part of a reinsurance contract that allows arbitrators to make decisions based on the overall purpose of the agreement, rather than just following strict legal rules or technical language. This helps ensure that the reinsurance arrangement is viewed fairly and reasonably.

A more thorough explanation:

Definition: An honorable-engagement clause is a provision in a reinsurance contract that allows arbitrators to interpret the agreement reasonably, in line with its general purposes, rather than strictly following the rules of law or an overly technical interpretation of contract language.

Example: Suppose an insurance company enters into a reinsurance agreement with a reinsurer to cover losses from natural disasters. If a hurricane hits a particular region, causing widespread damage, the insurance company may file a claim with the reinsurer to recover some of the losses. However, if the reinsurer disputes the claim, the honorable-engagement clause would allow the arbitrators to consider the intent of the reinsurance agreement and the parties' expectations, rather than just the strict wording of the contract.

Explanation: The example illustrates how an honorable-engagement clause can provide flexibility in interpreting a reinsurance agreement. Instead of relying solely on legal technicalities, the arbitrators can take into account the broader context of the agreement and the parties' intentions. This can help ensure a fair and equitable resolution of disputes between the insurer and reinsurer.

honorable discharge | honorarium

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
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
LSD+ is ad-free, with DMs, discounts, case briefs & more.