it being understood

it being understood
Words of qualification; the equivalent of:-if such and such is true, then it is agreed. Phoenix Iron & Steel Co. v Wilkoff Co. (CA6 Ohio) 253 F 165, 1 ALR 1497. A phrase which, appearing in a grant, imports a covenant rather than a condition. 28 Am J2d Est § 146.

Ballentine's law dictionary. . 1998.

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  • it is understood — Same as it being understood …   Ballentine's law dictionary

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