How is Condonation defined in a legal contract?
- Condonation means the forgiveness of a party at fault by the wronged party, possessing full knowledge of the circumstances, and intending to reinstate that party in the matrimonial relationship. If further offence or conduct that deviates from this understanding of forgiveness is committed by the forgiven party, such forgiveness does not equate to condonation. Seen in 6 SEC filings
- Condonation means a process where the relevant authority acknowledges irregular expenditure and pardons the action causing the irregular expenditure. Seen in 4 SEC filings
- Condonation means the excusing, forgiving, or overlooking of a specific behavior or action. Seen in 3 SEC filings
- Condonation means forgiveness of a party at fault by the wronged party with full understanding of the circumstances. Seen in 2 SEC filings
- Condonation means rectification of an incorrect process, and includes situations such as late filing of an appeal. Seen in 1 SEC filing
- Condonation means a technical term that implies a conditional waiver of the injured party's right to initiate matrimonial proceedings. It is different from the common understanding of ""forgiveness"". Seen in 1 SEC filing
- Condonation means the relief provided by law in terms of payment of penalties, surcharges, and a portion of accrued interest, as sanctioned by the board of directors. Seen in 1 SEC filing
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Condonation means the process of forgiving and pardoning [party]'s acknowledged misconduct, with the intent of reinstating a relationship under [governing law].
Relevant Contract Type
Relevant Circumstances
- In case of disputes in personal relationships stemming from admitted wrongdoing
- To resolve partnership disagreements about an acknowledged error or infraction
Relevant Sectors
Genie Definition 2
Condonation means the rectification of an incorrect process under [governing law], including situations such as late filing of an appeal.
Relevant Contract Type
Relevant Circumstances
- To resolve issues arising from operational misunderstandings in a business
- In case of procedural/technical errors in administering workplace duties or policies
Relevant Sectors
Genie Definition 3
Condonation means the legal relief provided in terms of payment of penalties, surcharges, and a portion of accrued interest, as sanctioned by a [board of directors].
Relevant Contract Type
Relevant Circumstances
- In cases of financial debt, where the debtor has failed to meet obligations, but the board opts for relief.
- To resolve financial disputes, where one party has not met agreed financial commitments
Relevant Sectors
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Condonation means the process of forgiving and pardoning [party]'s acknowledged misconduct, with the intent of reinstating a relationship under [governing law]
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