Exact(6)
The clauses require consumers to give up their right to sue in court.
The clauses require customers to submit complaints to an outside arbitrator — usually chosen by the bank — instead of to a court.
Some of these contract provisions, known as "most favored nation" clauses, require hospitals to charge other insurers a specified percentage more than they charge Blue Cross — in some cases, 30 to 40 percent more, the lawsuit said.
Some salvage clauses require that any salvage be paid to the obligee up to the full amount of all losses, and others provide that any salvage be divided between the surety and the obligee on a pro rata basis, in the proportion that each party has suffered loss.
The due process clauses require that the burden of proof in criminal cases be placed on the government, and that the quantum of proof be beyond a reasonable doubt.
Which is why most arbitration clauses require only the weaker party (the consumer, employee, or franchisee) to arbitrate its claims, while allowing the dominant party (the corporation) to sue in court.
Similar(54)
Imagine the clauses required to preserve the status of the Corporation.
Beginning in 2013, euro zone bonds will include clauses requiring bondholders to accept restructuring measures if necessary.
He has promised to renegotiate the terms of Greece's £179bn international bailout deal to strip out clauses requiring the Government implements policies of austerity.
Enron had been able to raise loans because its debt was rated as investment grade; but the loans had clauses requiring Enron to make additional payments if it was downgraded.
Minimally, though, Aristotle claims that for some subject S and some sense object O: Each of these clauses requires unpacking.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com