ákvæðum

Ákvæði is Icelandic for a provision or clause within a legal text. It refers to an individual rule, statement, or stipulation that is part of a larger document such as a statute, regulation, contract, or constitution. Provisions define rights and duties, or establish conditions, exceptions, and procedures. The term is common in formal and legal language and is used to distinguish different parts of a text.

In legislative and regulatory contexts, provisions are typically numbered or otherwise identified and organized into chapters or sections. They can be amended, repealed, or supplemented by subsequent acts or amendments. The precise wording of a provision determines its meaning and the scope of its application, and courts may interpret provisions when disputes arise.

In contracts and agreements, individual provisions set terms such as payment, liability, termination, and remedies. Provisions may interact with others and contain cross-references, definitions, or conditions precedent. While “ákvæði” generally denotes a single rule, in practice the term can refer to any discrete element of a document that governs conduct or rights.