InUnited States law, astipulation is a formal legal acknowledgment and agreement made between opposing parties before a pendinghearing ortrial.
For example, both parties might stipulate to certain facts and so not have to argue them in court. After the stipulation is entered into, it is presented to the judge.
The word is derived from theLatin wordstipula "straw." TheAncient Roman custom was that the negotiating parties, upon reaching an agreement, broke a straw as a sign of their agreement and wrote down the agreement's rules (stipulationes).[1]
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