It is not mentioned in article 1. If you define “agreement” (and high value), you do so on the front page of the first page of the contract or in the recitals. Don`t set (or repeat or enter the defined scope) in the definition article. If something needs to be clarified, you do so in an interpretation section that also explains other references in the agreement or in a full clause of the contract in the other section at the end of the contract. The termination effect highlights the impact of the end of the agreement on each party`s obligations and how shared documents and documents must be returned at the end of the agreement. As a general rule, the end of the agreement ends with all the obligations of the parties. However, it should not excuse a party`s commitment to make payments to the other party at the end of the agreement. This is mentioned in the “Effect of Termination” clause. During the duration of this agreement seems to be a harmless expression, but most of the time it is redundant. The supplier licenses the company and its associated companies (including but not limited to MOT) to use the software system and documentation (including, but not limited, to all protocols, applications, platforms, codes, SDK and technologies) for the duration of the agreement in all or part of Israel. For the duration of the agreement, [company] Jones pays $1,000 per month in compensation, calculated for income tax purposes, and reimburses Jones for all gas and maintenance costs he incurred while operating his car. Make sure that this clause contains provisions that only concern the actual duration of the agreement itself.
(Some contracts. B of the lease contain provisions relating to the beginning of the lease, the consequences of delays in the award of possession, possession, etc. These notions of content should be addressed elsewhere in the agreement.) If you choose the term to end in one condition, make sure that the condition is clearly defined, either in that term clause or in a separate appendix to the agreement. Renewal options. Subject to paragraph [ELIGIBILITY FOR RENEWAL], [PARTY B] [PARTY A] [PARTY A] may at least [renewal period] working days at [PARTY A] communications, [PARTY B] may extend the granting of the [DELIVEable] by two additional consecutive terms (an “extension period” each). Disputes over the purchase price. If the parties fail to agree on the fair value of the assets to make use of the call option within 30 business days of receiving the [PARTY A] notification, fair value is determined by three professionally certified appraisers, one of whom is chosen by each party, and by the two selected parties.