Appraisal Clause: What You Need to Know for Effective Claims
Businesses / Posted 3 months ago by ADR Claims / 134 views
The Appraisal Clause serves as a critical component in various agreements, particularly in real estate and insurance contracts. It stipulates the process by which the value of an asset or property is determined, often involving the appointment of independent appraisers.
This clause is designed to protect the interests of all parties involved by ensuring that a fair and unbiased assessment is conducted. By outlining the specific procedures for appraisal, including timelines and the qualifications of the appraisers, the clause helps to mitigate disputes that may arise regarding the valuation of the subject matter.
- Listing ID: 57796
- Country: USA
- City: Berkeley