stipulate

Vocabulary Word

Definition

'Stipulate' means to insist on a condition or demand as part of an agreement. It is essentially putting forward a specific rule that must be followed or respected in a deal.

Examples in Different Contexts

In contract negotiations, it's common to 'stipulate' terms and conditions. A legal counsel might suggest, 'We should stipulate a grace period of 30 days for any late payments in the contract.'

Practice Scenarios

Tech

Scenario:

As protective measures, our software comes with license agreements. This is to emphasize the respect for intellectual property.

Response:

Agreed, I believe the license should stipulate this to protect our work from unlawful distribution.

Business

Scenario:

It's important for every contract to have a clear outline of what is expected from both parties. Our legal team can help make sure everything is clear.

Response:

True, in order to avoid misunderstandings later, we must stipulate our terms clearly.