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People also ask
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What are terms in Terms and Conditions?
"Terms" are the specific clauses both parties agree to in a contract. For example, in a real estate purchase contract, the terms may be that the party has agreed to purchase a specific house or condominium unit at a fixed price with an established closing date.
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What are the Terms and Conditions of current account?
The account has sufficient fund to honour the cheque- Customer should ensure that the account is funded sufficiently (or available overdraft limits) so that the cheque is not dishonoured due to lack of funds. Any cheque dishonoured due to insufficient fund may attract penal charges from the bank.
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Which Terms and Conditions apply?
Terms and conditions are aimed at protecting the business (you). They give business owners the opportunity to set their rules (within applicable law) of how their service or product may be used including, but not limited to, things like copyright conditions, age limits, and the governing law of the contract.
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Is it okay to accept terms & conditions?
When the user accepts the terms – i.e. checking a box or clicking a button to indicate acceptance – the Terms and Conditions become a legally binding contract. However, proper presentation and acceptance methods are key to enforceability.
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What do terms mean in Terms and Conditions?
Terms and Conditions set out the terms that apply to the relationship, and the conditions that must be met by both parties, such as what the user must not do when using the site or service, and what rights the business maintains.
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What happens if you don't agree to Terms and Conditions?
What Happens If Users Don't Agree to Terms and Conditions? If users don't agree to the Terms and Conditions of a website, they're typically not given any access to use it. This is the only way that the site owner can ensure they're saving their platform from people with bad intentions.
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What are examples of Terms and Conditions?
What clauses should be in my Terms and Conditions agreement? Introduction clause. Intellectual property clause. User contribution clause. Third parties clause. User registration clause. Acceptable uses clause. Prohibited activities and restrictions clause. Suspension and termination clause.
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What is Terms and Conditions regulation?
The Act on the Regulation of Terms and Conditions (hereinafter referred to as the “Act”) has two criteria (General Provision and Individual Prohibitive Provisions) for screening unfair terms and conditions in an adhesion contract: The General Provision stipulates the principle of trust and good faith.
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