Practice Quiz

Paralegal Exam Prep

Category - Contracts

Start a Study Session Sign up for Question of the Day
The following is an example of what type of contract clause?

"This Agreement and the exhibits attached thereto contain the entire agreement of the parties and supersedes all prior negotiations, representations, agreements and understandings, whether written or oral. This agreement may not be altered except by a written documentation signed by both parties."
  1. An integration clause
  2. An entire understanding clause
  3. A merger clause
  4. A and B
  5. A, B, and C
Explanation
Answer: E. The following is an example of an integration clause, an entire understanding clause, or a merger clause. An integration, entire understanding, or merger clause are terms used interchangeably to describe a clause in a contract that declares the contract to be the complete and final agreement between the parties. The parties cannot rely on statements made in prior drafts or during negotiations to define the terms of the contract.
Previous Next
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz