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Simple English definitions for legal terms
introductory clause
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A quick definition of introductory clause:
An introductory clause is the first part of a contract that tells you who the contract is between and when it was made. It's like the beginning of a story that sets the stage for what's to come.
A more thorough explanation:
Definition: An introductory clause is the first paragraph of a contract that introduces the parties involved and the date the agreement was made. It is also known as the commencement or exordium.
- This Agreement is made on January 1, 2022, between John Smith and Jane Doe.
- Effective as of the date of this Agreement, ABC Corporation agrees to provide consulting services to XYZ Corporation.
The examples illustrate how the introductory clause sets the stage for the rest of the contract by identifying the parties involved and the date the agreement was made or becomes effective. This information is important for establishing the legal validity of the contract and ensuring that all parties are aware of the terms and conditions they are agreeing to.