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Simple English definitions for legal terms
provisione tenus
Read a random definition: Depository Trust Corporation
A quick definition of provisione tenus:
Term: PROVISIONE TENUS
Definition: Provisione tenus is a Latin term used in law that means "to the extent of the provision." This means that something is only valid or applicable up to the point that it is provided for.
For example, if a contract states that a party is only responsible for damages provisione tenus, it means that they are only responsible for damages up to the amount specified in the contract. Anything beyond that amount would not be their responsibility.
Overall, provisione tenus is a way to limit or define the scope of something in a legal context.
A more thorough explanation:
PROVISIONE TENUS
Provisione tenus is a Latin term used in law that means "to the extent of the provision."
When a legal document or contract includes a provisione tenus clause, it means that the agreement is only valid to the extent of the provision. This means that if the provision is not met, the agreement may be considered null and void.
For example, if a contract between two parties includes a provisione tenus clause that states that payment must be made within 30 days of the completion of the work, the contract is only valid if payment is made within that time frame. If payment is not made within 30 days, the contract may be considered null and void.
Another example could be a lease agreement that includes a provisione tenus clause stating that the tenant must maintain the property in good condition. If the tenant fails to maintain the property, the landlord may have the right to terminate the lease agreement.