Stipulable, pronounced as /ˈstɪpjələbəl/, is a word derived from Latin stipulabilis, which means capable of being agreed upon or promised. The IPA phonetic transcription shows that the stress is on the second syllable (pi), and the final syllable (-able) is pronounced with the schwa sound, making it unstressed. The consonants 's', 't', 'p', and 'l' are all pronounced distinctly, and the 'e' in the first and third syllables is pronounced with the schwa sound. The correct spelling of stipulable is vital to ensure clarity and precision in written communication.
Stipulable, in the context of legal and contractual terms, refers to an agreement or provision that can be stipulated or specified as a condition or requirement within a contract. Derived from the verb "stipulate", which means to demand or make specific terms and conditions, the term stipulable denotes an element or aspect that is subject to negotiation, agreement, or specification in a legal agreement.
When a contract is being drafted, stipulable clauses are those aspects that the parties involved discuss, negotiate, and detail as conditions or requirements to be met. These stipulations may include various provisions such as payment terms, delivery dates, quality standards, warranties, and penalties for non-compliance. Stipulable conditions are crucial to ensure that both parties' rights, obligations, and expectations remain accurately defined and protected throughout the duration of the contract.
In order for a term or condition to be deemed stipulable, it must be reasonably clear and explicit, leaving no room for ambiguity or misinterpretation. Additionally, stipulable clauses typically adhere to legal and jurisdictional frameworks, avoiding terms that may be deemed illegal, unethical, or against public policy.
Overall, the term stipulable acknowledges the importance of negotiable and clearly defined provisions within contracts, serving as a legal concept that guarantees the fair, unambiguous, and enforceable nature of the contractual agreements.
The word "stipulable" is derived from the Latin word "stipulabilis", which is itself derived from "stipulatio". In ancient Rome, "stipulatio" referred to a formal contract or agreement made by verbal promise, often used in legal contexts. Over time, "stipulabilis" came to mean something that can be agreed upon or stipulated. In English, "stipulable" is an adjective used to describe something that can be specified or agreed upon in a contract or agreement.