Contract purpose clause

Recitals to a contract: what is the purpose of a purpose clause? In Toomey Motors v Chevrolet , the Commercial Court considered the legal effect of recitals to a contract. In this case the parties had described, by way of recital and in some detail, what they saw as the purpose of the agreement. As a general rule, recitals may be considered as an aid to contractual interpretation, and can even contain operative provisions see Aspdin v Austin 1 QB

Variations Clause

Purpose of the Agreement Sample Clauses. Download PDF. Google Docs. Share Email. Purpose of the Agreement. This Agreement shall also assure the Executive of equitable treatment during the period of uncertainty that surrounds an acquisition or Change in Control, and allow the Executive to act at all times in the best interests of PCFC and its shareholders.

Sample 1. Sample 2. Sample 3. Save Loading The purpose of this Agreement is to advance the interests of the Company by providing the Executive with an assurance of equitable treatment, in terms of compensation and economic security, in the event of an acquisition or other Change in Control of the Company.

An assurance of equitable treatment will enable the Executive to maintain productivity and focus during a period of significant uncertainty that is inherent in an acquisition or other Change in Control. Further, the Company believes that agreements of this kind will aid it in attracting and retaining the highly qualified, high performing professionals who are essential to its success. The purpose of this Agreement is to provide Forsythe a supplemental retirement benefit in accordance with the terms of this Agreement.

Clause 2. The consent, agreement and approval, as well as the delegation of powers established in Clause 2. Supplementary Actions. At the sole request of Aldo Navilli, Carlos Navilli, Ricardo Navilli, Adriana Navilli and Marcos Villemur, shall perform and ensure the performance and issue and have issued all of the documents and instruments that are necessary or convenient to implement and give full effect to the provisions of this Agreement, particularly Clauses 2.

This obligation includes the duty to ensure that the officials, agents, bodies, proxies and other persons nominated or proposed for any position at the Corporation comply with their obligations. To qualify as solution provider under the CATIA V5 Galaxy Program, Solution Provider expressly undertakes to comply, and maintain compliance at all times during the Term of this Agreement, with the specific conditions and criteria applicable to solution providers as set forth in Section 3 below as possibly amended from time to time.

The Bank agrees that RDSI may perform certain services for the Bank in the schedule s attached hereto, and RDSI agrees to performing such services pursuant to the terms and conditions of this Agreement. The Bank agrees to compensate RDSI for its services herein in accordance with the attached fee schedules.

The purpose of this Agreement is to set out the terms and conditions under which the Minister will provide Prosperity Initiative as defined herein funding in support of the Project as defined herein. In order to maintain the high standard of product development of the Corporation and its subsidiaries, and, further to support the fulfillment of the Corporation's strategic objectives on a worldwide basis, Tormala and the Corporation have agreed to the following terms and conditions of employment.

This agreement supersedes all previous agreements between the parties hereto and their affiliates or subsidiaries.

PURPOSE OF THE CONTRACT. The purpose of this contract is to acknowledge the assignment by S. VEILLET to BIOPHYTIS of all his rights to and under the. Purpose of Agreement. The purpose of this Agreement is to provide that, in the event of a “Change in Control,” Executive may become entitled to receive certain​.

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Boilerplate contract clauses are types or classes of contract provisions commonly found in contracts. Slight differences in wording can make all the difference in the legal meaning and legal effect in a contract.

Purpose and Scope of the Agreement Sample Clauses. Download PDF. Google Docs.

Drafting Legal Documents, Purpose Clause

Purpose of the Contract Sample Clauses. Download PDF. Google Docs. Share Email. The purpose of this contract is to acknowledge the assignment by S.

contract clause

Purpose of Agreement Sample Clauses. Download PDF. Google Docs. Share Email. Purpose of Agreement. Sample 1. Sample 2. Sample 3.

Purpose of the Agreement Sample Clauses.

Contracts very often stipulate the procedures by which they may be altered. Those procedures can be very simple or very elaborate. An example of a simple variations clause, specifying that variations must be in writing, is as follows:.

Contract Clause

A contract is a legally binding agreement that recognises and governs the rights and duties of the parties to the agreement. An agreement typically involves the exchange of goods, services, money, or promises of any of those. In the event of breach of contract, the law awards the injured party access to legal remedies such as damages and cancellation. In the Anglo-American common law , formation of a contract generally requires an offer, acceptance , consideration , and mutual intent to be bound. Each party must have the capacity to enter into the contract. In the civil law tradition, contract law is a branch of the law of obligations. Each country recognised by private international law has its own national system of law to govern contracts. Although systems of contract law might have similarities, they may contain significant differences. Accordingly, many contracts contain a choice of law clause and a jurisdiction clause. These provisions set the laws of the country which will govern the contract, and the country or other forum in which disputes will be resolved, respectively. Failing express agreement on such matters in the contract itself, countries have rules to determine the law governing the contract and the jurisdiction for disputes. At common law, the elements of a contract are; offer, acceptance, intention to create legal relations, consideration, and legality of both form and content.

These prohibitions are meant to protect individuals from intrusion by state governments and to keep the states from intruding on the enumerated powers of the U. Among other things, this clause prohibits states from issuing their own money and from enacting legislation relieving particular persons of their contractural obligations. Although the clause recognizes people's right to form contracts, it allows the government to create laws barring contracts offending public policy, such as contracts for sex or for child labor. Likewise, though prohibited from creating a state currency, states are not barred from making "gold and silver coin a tender in payment of debts. At the time of the Civil War, this clause was one of the provisions upon which the Supreme Court relied in holding that the Confederation formed by the seceding States the States that withdrew from membership in a federal union could not be recognized as having any legal existence. In the early case of Holmes v. Jennison , [2] Chief Justice Taney, referencing the Contract Clause, wrote an opinion which found that states had no power under it to honor an extradition request from a foreign government.