By Virtue of This Agreement Meaning

When it comes to legal contracts, the language used can often be complex and difficult to understand. One commonly used phrase that can cause confusion is „by virtue of this agreement.” So, what does this phrase actually mean?

In simple terms, „by virtue of this agreement” means that something is being done or agreed upon because of the existence of the contract. It is a way of saying that a particular action or condition is a direct result of the agreement.

For example, if a contract states that a payment will be made „by virtue of this agreement,” it means that the payment is being made because of the contract itself. Similarly, if a contract includes a clause that says „by virtue of this agreement, the parties agree to settle any disputes through arbitration,” it means that the parties have agreed to use arbitration to resolve any disagreements specifically because of the contract.

Another way to think about this phrase is to consider it as a way of creating a direct connection between the actions being taken and the existence of the contract. Without the contract, the action or situation may not have occurred or been agreed upon.

It is important to note that the phrase „by virtue of this agreement” is typically used in legal contracts and may not be commonly used in everyday language. However, it is important to understand its meaning when reviewing legal documents or signing contracts.

In summary, „by virtue of this agreement” is a phrase used in legal contracts to indicate that a particular action or condition is being done or agreed upon specifically because of the existence of the contract. By understanding the meaning of this phrase, individuals can better comprehend and navigate legal contracts.