stipulated

Stipulated is the past participle of the verb stipulate, meaning agreed upon, specified, or required as part of an agreement or contract. As an adjective, it describes terms, conditions, or facts that the parties have mutually agreed to be binding or true. In legal and contractual language, a stipulation is a formal agreement that certain terms are accepted. The phrase as stipulated signals that a condition has been defined in the agreement rather than derived from external authority.

In contracts, stipulations are commonly used to set out obligations, timelines, prices, or remedies. A stipulation may also refer to a stipulated damages clause, which specifies a predetermined amount of compensation in the event of breach, to avoid proving actual damages. In litigation, parties may submit stipulations of fact or law to simplify proceedings by agreeing on uncontested points.

Etymology: Stipulated comes from Latin stipulation-, stipulatio, from stipulare, to pledge or contract, via Old French stipuler. The root refers to a formal pledge or obligation.

See also: stipulation; contract; damages; stipulate.