define recitals in trust - EAS

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  1. Whereas clauses

    The recitals are also known as the ‘whereas clauses.’ The recitals do not contain rights or obligations of the parties, but it merely explains or introduces the nature of or background to the contractual relationship.
    definitions.uslegal.com/r/recitals/
    definitions.uslegal.com/r/recitals/
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    What is a recital in legal terms?Recital. A formal statement appearing in a legal document such as a deed that is preliminary in nature and provides an explanation of the reasons for the transaction. The recital in a deed, for example, might indicate the reasons why the owner is selling the property. In Pleading, a recital is the statement of matter that is introductory...
    legal-dictionary.thefreedictionary.com/recital
    How to incorporate recitals in the body of a contract?The first paragraph in the body of the contract can incorporate the recitals by reference and state that they are true and correct in order to avoid any later argument relating to the legality of the contract. The recitals are like the preamble and are situated at the beginning of the contract. The recitals are also known as the ‘whereas clauses.’
    definitions.uslegal.com/r/recitals/
    What is a compliance-related recital?Compliance-related recitals - in these, the parties involved may want to state certain requirements or prerequisites that need to be met prior to the signing of the contract. An example would be if the needed approval of an external party for the transaction must be complied with prior to signing the contract.
    www.upcounsel.com/contract-recitals
    What is a step-up recital in law?Step-up recital - when the contract is being drafted, the step-up recital can be considered redundant, as its lead-in to the contract is similar to the contract itself. A recital helps define the contract in non-legal terms. When drafting it, things to consider include:
    www.upcounsel.com/contract-recitals
  3. https://www.merriam-webster.com/dictionary/recitals

    1 a : a detailed account : enumeration a recital of names and dates b : the act or process or an instance of reciting c : discourse, narration a colorful recital of a night on the town 2 a : a …

  4. https://definitions.uslegal.com/r/recitals

    Recitals Law and Legal Definition. Recitals refer to the "whereas" clauses that precede the main text of a contract. They provide a general idea about the contract to its reader such as, …

  5. https://www.lawinsider.com/dictionary/recital

    Recital means each statement of the facts and/or procedural history in Section I of this Settlement Agreement. The Parties acknowledge and agree the Recitals enumerate important facts and …

  6. https://incorporated.zone/recitals

    Recitals definition The recitals to a contract represent introductory statements where the parties generally outline their intention or provide a factual or legal background as to why they are …

  7. https://www.lawinsider.com/dictionary/recitals

    Recitals means the recitals of this Agreement. Sample 1 Sample 2 Sample 3 Based on 60 documents Recitals. “ clauses ” or “ paragraphs ” are to recitals, clauses and paragraphs of …

  8. https://www.lawinsider.com/clause/trustees-deed-recitals

    the recitals of facts in any instrument delivered upon completion of any sales, as described in section 6.3, above, such as the existence of a default, the giving of written notice of default and …

  9. https://www.lexology.com/library/detail.aspx?g=0e...

    What are the recitals? Recitals are not compulsory, but are frequently included in commercial contracts to set out the background to the contract. There is no prescribed format for drafting …

  10. https://www.upcounsel.com/contract-recitals

    Recitals can be considered as the preamble to the contract. They can be placed as the first paragraph of the contract to reference information and state that it is true and correct. Recitals …

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