stipulation

Stipulation generally means an agreement , a bargain , proviso , or condition . If the stipulation complies with an applicable statute or rule of court, it will be binding. A stipulation could mean a fact , promise , or provision in a contract agreed by two parties. In contracts , a stipulation used to define an agreement that ended with specific formalities in a ceremony. In contemporary use, stipulation means a material condition or a requirement in an agreement. In litigation , a stipulation generally means an agreement between opposing parties concerning a relevant point. Furthermore, in a judicial proceeding , a stipulation is binding without consideration . In admiralty practice, we can define stipulation as a recognizance like a bail for the appearance of a defendant .

[Last reviewed in March of 2022 by the Wex Definitions Team ]

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