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The young man knows the rules, but the old man knows the exceptions.
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Legal Definitions - whereby
Definition of whereby
The term "whereby" is a conjunction used to introduce a clause that specifies the *method*, *means*, or *process* through which something is accomplished or comes into being. It essentially means "by which," "through which," or "in accordance with which."
Example 1: "The two companies entered into a joint venture agreement, whereby they would share both the profits and the risks associated with developing the new technology."
Explanation: This example illustrates that the joint venture agreement is the *means* or *mechanism* through which the profits and risks will be shared between the companies.
Example 2: "The new legislation includes a provision whereby individuals can appeal decisions made by government agencies if they believe an error has occurred."
Explanation: Here, "whereby" explains the *process* or *method* established by the legislation that allows individuals to challenge agency decisions.
Example 3: "Our organization has adopted a new policy, whereby all sensitive data must be encrypted before being transmitted outside the internal network."
Explanation: This demonstrates the *rule* or *procedure* (the new policy) through which the encryption of sensitive data is mandated for external transmission.
Simple Definition
"Whereby" is a legal term used to introduce a clause that specifies the method, means, or condition by which something is accomplished or occurs. It essentially means "by which," "through which," or "in accordance with which."