Amount Suspended Sample Clauses

The 'Amount suspended' clause defines the conditions under which payments or obligations are temporarily withheld or paused under a contract. Typically, this clause applies when certain events occur, such as a party failing to meet specific requirements or when a dispute arises over the amount due. For example, if a contractor does not complete work to the agreed standard, the client may suspend payment until the issue is resolved. The core function of this clause is to protect parties from making payments or fulfilling obligations when there is uncertainty or non-compliance, thereby managing risk and encouraging prompt resolution of issues.