Legal definition of provision
NettetDefine Grocery store and supermarket. means a retail business where the majority of the floor area that is open and accessible to the public is occupied by produce, food and beverage products, and household items that are packaged for preparation and consumption for daily living needs. Grocery stores and supermarkets are distinguished … NettetIn a legal document, a provision is typically a dedicated section that describes or specifies an action or condition. It might include words like "shall" or "shall not" (although that is not a requirement). But here's the catch. Relevant information isn't …
Legal definition of provision
Did you know?
NettetProvision is a term with varied meanings. In the legal context it could mean a clause in a statute, contract or other legal document. It can also be a stipulation or qualification made beforehand. The following is an example of a state law (Montana) defining a particular provision: Mont. Code Anno., § 17-1-502 NettetArticle 5 (4) (b) provides that: ' (4) An enterprise shall be deemed to have a permanent establishment in one of the Contracting States and to carry on business through that permanent establishment if: (a) . . . (b) a structure, installation, drilling rig, ship or other like substantial equipment is used: (i)
Nettet1. feb. 2024 · The following steps outline how you calculate current income tax provision: Start with your company’s net income. This is your income as calculated by GAAP rules before income taxes. Calculate the current year’s permanent differences. These are income items or expenses that are not allowed for income tax purposes but that are …
Nettet11. apr. 2024 · provision in American English. (prəˈvɪʒən) noun. 1. a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. 2. the … NettetA provision is a liability of uncertain timing or amount, meaning that there is some question over either how much will be paid or when this will be paid. Before the introduction of IAS 37, these uncertainties may have been exploited by companies trying to ‘smooth profits’ in order to achieve the results that their various stakeholders wanted.
NettetPROVISION, French law. An allowance granted by a judge to a party for his support; which is to be paid before there is a definitive judgment. In a civil case, for example, it is an …
NettetA waiver is a legally binding provision where either party int a treaty agrees to voluntarily forfeit a claim without the diverse party to-be responsibly. Waivers be commonly seen during settlement talks, when one party may be eager to pay out adenine slightly higher award, as long as the other person, often a claimant, agrees on sign a waiver … hampton inn \u0026 suites las vegas hendersonNettetExamples of legal provision in a sentence, how to use it. 20 examples: Furthermore, in each legal system there may be no unifying legal provision for all the hypothetical… burton stiletto bindings reviewNettetA narrowing definition narrows the ordinary meaning of a term by setting limits or expressly excluding. These definitions normally begin with the word "means" or the words "does not include". Examples: "corporation" does not include a partnership that is considered to be a separate legal entity under provincial law. burtons timber merchantsNettetProvision of services means the performance under a contract of any construction or transportation services, or any other services prescribed by regulations, where the … burton stigma snowboard 152NettetIn the legal context, a provision is a stipulation within a legal document or in a specific law. This can also be known as a clause, contract clause, or contract provision. … burtons threapwood cheadleNettetIndemnity In its widest sense, "indemnity" means protection against, or compensation for, a loss or liability. Some indemnity claims arise by operation of law. burton stone columbia kyNettet29. mar. 2024 · Definition Of Provisions In Law. The act or process of providing b : Deceptive pricing can take many forms, ... In the legal context, a provision is a stipulation within a legal document or in a specific law. The Providing Or Supplying Of Something, Especially Of Food Or Other Necessities. A person who carries from door to door,…. hampton inn \u0026 suites mahwah