Acceleration - Clause in a contract requiring the obligor to pay all or a part of a payable amount sooner than as agreed upon the occurrence of some event or circumstance stated in the contract. Usually failure to make payment., Assignment - Clause prohibiting or permitting assignment under certain conditions, Confidentiality - Clause concerning the treating of information as private and not for distribution beyond specifically identified individuals or organizations, nor used other than for specifically identified purposes, Consideration - Clause expressing the cause, motive, price, or impelling motive that induces one party to enter into an agreement., Force Majeure - Clause designed to protect against failures to perform contractual obligations caused by unavoidable events beyond the party's control, such as natural disasters or wars., liquidated Damages - Clause referring to an amount predetermined by the parties as the total amount of compensation a non-breaching party should receive if the other party breaches a part of the contract., Entire Agreement - Clause stating that the written terms of an agreement may not be varied by prior or oral agreements because all such agreements have., Severability - Clause providing that, in the event that one or more provisions of the agreement are declared unenforceable, the balance of the agreement remains in force., Termination - Clause outlining when and under which circumstances the contract may be terminated., Payment of Costs - Clause setting out which party is responsible for payment of costs related to the preparation of the agreement and ancillary documents.,

Text analysis: Understanding contracts

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