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proceeds clauses

  • 07-05-2011 1:58pm
    #1
    lallychops
    Closed Accounts Posts: 302 ✭✭


    can someone please explain that term in simple english? really confused between that and retention clauses!


Comments

  • #2
    jakdelad
    Closed Accounts Posts: 452 ✭✭jakdelad


    lallychops wrote: »
    can someone please explain that term in simple english? really confused between that and retention clauses!
    and you also have a sanity clause
    but i stopped beleiving in him at an early age


  • #3
    Victor
    Registered Users, Registered Users 2 Posts: 78,610 ✭✭✭✭Victor


    Context?

    Retention clauses are usually where money is held back because of a contract clause or statutory requirement, e.g. most building contracts have a retention clause to hold money for any likely defects.


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