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Senior Living Contracts
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Flashcards
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Arbitration Clause
Requires disputes to be resolved through arbitration, not courts. Important for seniors to understand the limitations on their right to sue.
Automatic Renewal Clause
Automatically renews the contract for a period unless canceled. Seniors should be aware of notification periods to avoid unwanted renewals.
Cancellation Policy
Details the conditions under which the contract can be canceled. Seniors should consider how changes in health or relocation would affect contract termination.
Confidentiality Clause
Protects private information from being disclosed. Seniors should ensure confidentiality of their personal and health information.
Dispute Resolution Clause
Outlines the process for resolving disagreements. Seniors should review to understand recourse options and procedures.
Entrance Fee
An upfront fee for entering a senior living community. Seniors must assess the fee's affordability and refundability.
Force Majeure Clause
Excuses parties from liability or obligation during extraordinary events. Seniors should understand how this could affect service availability.
Governing Law Clause
Specifies which jurisdiction’s laws will govern the contract. Seniors should be aware of which state laws will apply to the agreement.
Indemnification Clause
Requires one party to compensate the other for certain losses. Seniors should understand what they might be responsible for in the event of a lawsuit.
Meal Plan Options
Defines the meals provided under the contract. Seniors need to contemplate dietary restrictions and preferences when selecting meal plans.
Medication Administration
Outlines how medications will be stored and administered. Seniors should verify policies align with their health care needs.
Monthly Service Fee
The recurring charge for services provided. Seniors must consider how increases in monthly fees would impact their finances over time.
Privacy Policies
Sets the guidelines for maintaining resident privacy. Seniors should ensure their personal space and information are adequately protected.
Refund Policy
Defines circumstances under which fees are refundable. Seniors should carefully consider refund terms in case of contract termination or death.
Residency Agreement
Outlines the terms and conditions of living in the community. Seniors must thoroughly review to understand rights, obligations, and services.
Right to Terminate
Allows resident or community to terminate the contract. Seniors need to know grounds for termination and associated penalties.
Service and Care Options
Describes the range of available services and care levels. Seniors should align their current and potential future needs with services provided.
Transfer Policy
Sets terms for moving to a different care level or location. Seniors should understand conditions and costs associated with transfers.
Visitor Policy
Regulates visitation rights in the living facility. Seniors must ensure that policies permit visits that accommodate their social and family life.
Waiver of Liability
Clause that absolves the facility from certain liabilities. Seniors need to be cautious about giving up rights and understand the risks involved.
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