COGNOVIT CLAUSE

cognovit clause. A contractual provision by which a debtor agrees to jurisdiction in certain courts, waives notice requirements, and authorizes the entry of an adverse judgment in the event of a default or breach. • Cognovit clauses are outlawed or restricted in most states. [Cases: Federal Civil Procedure 2396; Judgment 54. C.J.S. Judgments §§ 140, […]