cognovit clause
cognovit clause · cognovit clauses
A provision of a contract in which a debtor concedes to jurisdiction in certain…A provision of a contract in which a debtor concedes to jurisdiction in certain courts, waives notice agreements, and in case of a default or breach grants an adverse judgment.
Meaning
1 sensesA provision of a contract in which a debtor concedes to jurisdiction in certain courts, waives notice agreements, and in case of a default or breach grants an adverse judgment.
Forms
plural: cognovit clauses| Singular | cognovit clause |
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| Plural | cognovit clauses |
regular