When it comes to legal agreements, one phrase that you may come across is „shall be subject to agreement”. This phrase is often included in contracts and other legal documents, and it`s important to understand what it means.
At its most basic level, „shall be subject to agreement” means that certain terms or conditions of the agreement are not yet finalized and will be subject to further negotiation and agreement between the parties involved. In other words, certain details of the agreement are still up in the air and will be ironed out in the future.
For example, let`s say you`re signing a lease agreement for a rental property. The lease might include a clause that says something like, „The rent amount shall be subject to agreement between the landlord and tenant.” This means that the exact rent amount has not yet been determined and will be negotiated between you and the landlord before the lease is finalized.
Another common use of this phrase is in contracts for the sale of goods or services. For instance, a contract might state that the delivery date for a product „shall be subject to agreement between the parties”. This means that the exact date of delivery has not yet been determined, and will be negotiated and agreed upon at a later time.
It`s worth noting that while „shall be subject to agreement” is a common phrase in legal documents, its use should be kept to a minimum. Vagueness in contract terms can lead to ambiguity and disputes down the road, so it`s generally better to be as specific as possible when outlining the terms of an agreement.
In some cases, it may be better to simply leave a term open and negotiate it later rather than trying to pin down a specific agreement in the contract. However, this should be done only when both parties are comfortable with the idea and understand the potential implications.
If you come across the phrase „shall be subject to agreement” in a legal document, be sure to clarify any open terms and negotiate them as soon as possible to avoid any confusion or disputes later on. As a professional, our understanding of such legal phrases will help to ensure that the document is written with clarity and easy to understand for any layman.