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proviso |
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A condition, stipulation, or limitation inserted in a document. A condition or a provision in a deed, lease, mortgage, or contract, the performance or non-performance of which affects the validity of the instrument. It generally begins with the word provided. A proviso clause in a statute excepts something from statutory requirements, qualifies the statute, or excludes some potential area of misinterpretation. proviso n. a term or condition in a contract or title document. See also: arrangement, article, attornment, clause, condition, need, option, prerequisite, provision, qualification, requirement, reservation, salvo, specification, term, ultimatum, understanding PROVISO. The name of a clause inserted in an act of the legislature, a deed,
a written agreement, or other instrument, which generally contains a
condition that a certain thing shall or shall not be done, in order that an
agreement contained in another clause shall take effect.
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Subject to these provisos, the potential divestment would include all of Zeneca Specialties' worldwide operations and in the event of a sale it is Zeneca's intention that all relevant employees would transfer to the new owner. |
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