Definitions Interpretive Principles Sample Clauses

The "Definitions; Interpretive Principles" clause establishes the specific meanings of key terms used throughout the contract and sets out rules for interpreting the agreement’s language. It typically lists important words or phrases and assigns them precise definitions, and may also include guidelines for resolving ambiguities, such as how to interpret plural versus singular terms or references to statutes. This clause ensures that all parties have a shared understanding of terminology and interpretation, reducing the risk of misunderstandings or disputes over the contract’s meaning.