Notwithstanding

What is Notwithstanding?

Notwithstanding is used in legal contract clauses. The main purpose of the word is to establish the independence of other statements and clauses in the contract. Let us suppose Clause (i) in a contract establishes certain conditions and statements, if Clause (ii) establishes different conditions and statements, and states “notwithstanding Clause (i)”. It means the conditions in Clause (ii) will uphold, regardless of Clause (i). The word is often used on clauses that are critically important, which require restricted mutability of the clause.

Additional Resources

CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI's mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore:

 

The Financial Modeling Certification