2007-03-11 16:51:10 · 5 answers · asked by dhaval shah 1 in Politics & Government ➔ Law & Ethics
Draconian clauses are basically contractual clauses or stipulations that are the 'deal breakers'. They are considered as such because of they usually have a severe punishment in proportion to the contract.
Like say you had a contract to build a house. A draconian clause in the contract might be something like, '... if you didn't get it done in 1 week, you were fired with no refund....'
See... a deal breaker clause with severe punishment...
2007-03-15 15:30:15 · answer #1 · answered by BeachBum 7 · 0⤊ 0⤋
Definition Of Draconian
2016-12-15 04:56:34 · answer #2 · answered by mento 4 · 0⤊ 0⤋
Define Draconian
2016-11-07 02:55:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
(draconian clause): A deadlock provision, or deadlock resolution clause, is a contractual clause or series of clauses in a shareholders' agreement or other form of joint venture agreement which determines how disagreements on key issues are to be resolved in relation to the management of the enterprise.
Deadlock provisions vary enormously between different countries and with respect to different types of transactions. However, characteristically the format of the provision will be as follows:
Certain "key matters" will be designated as matters upon which deadlocks can arise. These will usually be fairly fundamental matters relating to the management and control of the business.
The provisions will then indicate if a "key matter" is raised at a certain number of consecutive meetings (occasionally just one meeting, but more often two or three) of the board of directors or other management organ of the business, a deadlock is said to have arisen.
The two parties may then be asked to summarise their differences in writing, and ordinarily senior personnel on either side will meet to try and find an amicable resolution to the deadlock. The provisions may require that a mediator may or shall be involved.
If the parties fail to find an amicable solution, then the termination provisions will normally operate.
The late great Wikipedia
2007-03-11 16:59:39 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Draconian means "relating to dragons".
As a slang term, it generally refers to requirements which are overly harsh and unreasonable.
2007-03-11 17:11:12 · answer #5 · answered by coragryph 7 · 0⤊ 1⤋