What is stipulation meaning?

Stipulation meaning refers to a term or condition that has been agreed on by two or more parties in a contract or legal agreement. It sets out the terms and conditions that must be met in order for the agreement to be valid and enforceable. Stipulations clarify and define the parties' obligations and responsibilities, and establish the consequences of any breach or non-compliance. Stipulations can vary widely depending on the nature of the agreement, but they typically cover areas such as payment and delivery terms, performance expectations, warranty and liability provisions, dispute resolution mechanisms, and other important aspects of the parties' relationship.