WebIpso Facto Clause Law and Legal Definition. Ipso facto clause is a standard contract clause which provides for default and termination of an agreement due to a company's … Webipso facto clause n. : a clause in an agreement stipulating the consequences (as termination of a lease or acceleration of a payment) of the insolvency of one of the parties called also …
ipso facto - Wiktionary
Webipso facto. in The Oxford Dictionary of Philosophy (2 rev) Length: 7 words. ipso facto. in Australian Law Dictionary Length: 51 words. View all related items in Oxford Reference ». Search for: 'ipso facto' in Oxford Reference ». WebDemurrers can only be made in some states that still allow such pleadings like California. The laws of those states will outline what defaults a demurrer can be used for and the procedures for doing so. The federal government and most states replaced the use of demurrers with variations of motions to dismiss. ontario liquor bottle return
Definition of FACTO • Law Dictionary • TheLaw.com
WebAn ipso facto clause is a contractual provision that allows one party to the contract to terminate or modify the operation of the contract upon the occurrence of a specified insolvency related event (such as the appointment of an administrator, receiver or liquidator) in respect of another party. WebDec 8, 2024 · Ipso facto clauses defined. Contracts often contain provisions to the effect that the contracts will terminate upon the bankruptcy or insolvency of one of the contract parties. These clauses, known as ‘ipso facto clauses’, are generally enforceable outside of bankruptcy. An example of an ipso facto clause is as follows: ‘This Agreement ... WebIn law, ipso facto refers to a legal consequence that occurs automatically as a result of a specific act or event. This means that a certain legal result follows an event or circumstance, regardless of the intention or fault of … ontario liquor tax increase