Cognovit clause

Cognovit clause,

Definition of Cognovit clause:

  1. The generally unlawful provisions in an agreement in which the party (1) accepts some jurisdiction of the court, (2) looks at the requirements of the proceedings and / or (3) automatically (without a decision) Announces an inappropriate decision against. Default or non-compliance. Confession from the Latin cognosir (action or crime)

Meaning of Cognovit clause & Cognovit clause Definition