Also known as: terms & conditions · T&Cs · Ts&Cs
Written by attorneys · grounded in primary & secondary sources — see below
Stipulations or provisions that set forth the specific rights, obligations, restrictions, or procedures applicable to an agreement, issuance, transaction, or court order. These provisions may include limitations on exercise, transfer, or receipt, as well as requirements for fairness or compliance with statutory standards.
Threshold Capital's board issues milestone-based warrants to a research partner. The warrants expressly become void if a named rival launches a takeover bid. The restriction is enforceable because the board validly determined the terms at issuance.
True North Logistics, a secured party, begins a noncompliant disposition of equipment collateral. The debtor establishes the violation and seeks relief. The court restrains the sale and imposes payment and notice conditions to protect the debtor's interests.
Select any source to read its text and confirm it supports the definition.
Twin Rivers Bank adopts a shareholder agreement governing consulting services between the corporation and its directors. The agreement specifies compensation rates and performance benchmarks. These provisions are valid as they establish the terms and conditions of the service arrangement.
A state clerk refuses to issue a marriage license to a same-sex couple unless they satisfy extra waiting periods not imposed on opposite-sex couples. The couple challenges the disparity. The court requires the clerk to apply identical licensing terms and conditions to all applicants.
A city transit authority sets employee schedules and overtime pay below federal minimums. Transit workers sue to enforce national labor protections. The court holds that federal law governs the terms and conditions of their employment.
A university employee reports repeated hostile conduct by her direct supervisor. The institution claims it lacked notice because the supervisor was not a high-level official. The court examines whether the conduct altered the terms and conditions of employment under agency principles.
A board may determine the terms and conditions of rights, options, or warrants, including restrictions that invalidate them upon specified events such as a takeover bid by a named rival. The determination is conclusive when made before issuance.
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A court may order or restrain collection, enforcement, or disposition of collateral on appropriate terms and conditions when a secured party fails to proceed in accordance with Article 9. The order protects the debtor from further loss.
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A shareholder agreement may establish the terms and conditions of any agreement for the transfer or use of property or the provision of services between the corporation and its shareholders, directors, officers, or employees. Such provisions are enforceable when adopted under the statute.
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Federal fair housing law prohibits varying loan availability or terms because of race, familial status, or other protected characteristics. Depressing appraisals or quoting higher rates to protected applicants violates the statute even without an outright denial.
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…the petitioners in these cases are now held invalid to the extent they exclude same-sex couples from civil marriage on the same terms and conditions as opposite-sex couples. Pp. 18–23. (1) The fundamental liberties protected by the Fourteenth Amendment’s Due Process Clause extend to certain personal choices central to individual…