Legal Question in Business Law in Oregon
I have a contract that has some language that i don't under stand, and should it be in my contract
The undersigned, irrevocably authorizes an attorney to appear in any court of competent jurisdiction and congress a judgment without process in favor of the creditor for such amount as may then appear unpaid hereon, and to consent to immediate execution upon such judgment in accordance w/ ORCP73
1 Answer from Attorneys
The contract language waives your right to notice and opportunity to be heard.
The value of this language to your negotiating counterpart is the ability to obtain a money award/judgment against you in an expedited manner and then execute (garnish your accounts or execute on property) against available assets.
A more neutral term would allow for this process, however, it would specify a process for notice to you and opportunity to be heard before a money award/judgment is entered against you.
Related Questions & Answers
-
My step son works with his father. He usually gets a salary paid twice a month for a... Asked 10/23/17, 9:52 pm in United States Oregon Business Law
-
Can I obtain a business license in Roseburg Oregon with a class C felony on my record Asked 1/11/16, 5:31 pm in United States Oregon Business Law
-
A few classmates and I created a business for a project Dec 2014. After its... Asked 7/05/15, 11:01 am in United States Oregon Business Law
-
I am starting a business called Small Cup Company. We are selling mini plastic shot... Asked 8/29/14, 10:49 pm in United States Oregon Business Law
-
Can i operate a shuttle car service without a Taxi permit in the city of salem,... Asked 8/26/14, 6:43 pm in United States Oregon Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
