Stipulary is an adjective derived from the noun stipulation. It refers to something that is established, arranged, or specified as a condition, requirement, or agreement. In other words, it pertains to a provision or condition that is explicitly mentioned or demanded in a contract, agreement, or legal document.
When used in a legal context, stipulary indicates that a stipulation has been made or included as part of an agreement or contract. This implies that the terms or conditions agreed upon are binding and must be adhered to by all parties involved. Stipulary clauses or provisions can cover a wide range of topics, such as payment terms, delivery dates, responsibilities of each party, or any other terms or conditions that need to be explicitly stated or agreed upon.
The use of stipulary language in legal documents ensures clarity and transparency, as it leaves no room for ambiguity or misunderstandings. By including stipulary provisions, all parties involved have a clear understanding of their rights, obligations, and expectations. Stipulary conditions are typically enforceable by law, and any violation may result in legal consequences or the termination of the agreement or contract.
Overall, the term stipulary serves to describe a specific provision or condition that is explicitly mentioned, demanded, or agreed upon in a contract or legal document.
