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Hell or high water free online4/25/2023 ![]() The clause requires the purchaser of the equipment to continue making payments regardless of any defects in the sold goods or other performance problems. Hell or high water clauses are used in financial transactions in the following context: 1. In such a way, the lessor can ensure that the lessee continues to make payments as per the agreement. Regardless of any difficulties, the buyer may experience during the period of usage of the leased property/equipment. The buyer is accountable until the end of the deal to continue making the agreed-upon payments to the owner. Hell or high water contracts are non-cancelable agreements. ![]() It is also referred to as a promise-to-pay contract. The term for the clause comes from a colloquial expression meaning to complete a task regardless of any difficulty (“come hell or high water”). Updated FebruWhat is a Hell or High Water Contract?Ī hell or high water contract is a legal contract with a clause stating that the buyer needs to continue making payments regardless of any complications.
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