Minor Clause Clause Samples
A Minor Clause is a contractual provision that addresses secondary or less critical aspects of an agreement, as opposed to the main terms such as payment or delivery. These clauses often cover details like notice requirements, governing law, or procedures for minor breaches. For example, a Minor Clause might specify how parties should communicate changes in contact information or outline the process for resolving small disputes. The core function of a Minor Clause is to provide clarity and structure for ancillary matters, helping to prevent misunderstandings and ensuring smooth administration of the contract.
POPULAR SAMPLE Copied 5 times
Minor Clause a) If, pursuant to a mandatory distribution of principal, any minor becomes entitled to any share of any trust created under this agreement, such share shall be retained by the Trustees, IN TRUST, to pay to the minor such part or all of the income thereof or income previously accumulated and the principal as the Trustees may, in their discretion, determine to be reasonably necessary for the minor’s support, maintenance, education, health or other benefit, or, in the case of income, accumulate any part or all for his benefit. All income and principal not previously paid as above authorized shall be paid to the minor upon his attaining majority, or upon his prior death to this estate.
b) Any income or principal the Trustees are directed or authorized in the Trustees’ discretion to pay to or, in the case of income, accumulate for the benefit of a minor, including income previously accumulated, may, in the discretion of the Trustees, be paid for the benefit of such minor to a parent or guardian of such minor, or, if such minor has no parent or guardian, to a person of full age with whom such minor may be residing, or directly to such minor. The receipt of the parent, guardian or other person to whom any income or principal is paid over shall be a full discharge of the Trustees from liability with respect to such payment and from further accountability therefore.