Outrageously Funny Word Dictionary :: Stipulations

👉 In the context of legal and administrative terms, a stipulation is an agreement between two or more parties that are binding on them. It typically outlines conditions under which one party must comply with another's demands or obligations. A stipulation may include specific requirements, deadlines, or other conditions set forth in advance by both parties. For example: 1.

Contractual Obligation

: When a company signs an agreement to pay a supplier for goods that are due within a specified period, the contract stipulates

stipulations