{"component": "clause", "props": {"groups": [{"size": 13, "samples": [{"hash": "fPEoDuGaQwT", "uri": "/contracts/fPEoDuGaQwT#additional-contracts", "label": "Merger Agreement (Seacoast Banking Corp of Florida)", "score": 36.4058876038, "published": true}, {"hash": "4naDKCqsAwj", "uri": "/contracts/4naDKCqsAwj#additional-contracts", "label": "Merger Agreement (Seacoast Banking Corp of Florida)", "score": 36.4058876038, "published": true}, {"hash": "ly9tFBIAncz", "uri": "/contracts/ly9tFBIAncz#additional-contracts", "label": "Merger Agreement (Seacoast Banking Corp of Florida)", "score": 36.1731681824, "published": true}], "snippet_links": [{"key": "closing-date", "type": "definition", "offset": [13, 25]}, {"key": "the-parties-shall", "type": "clause", "offset": [27, 44]}, {"key": "entered-into", "type": "clause", "offset": [50, 62]}, {"key": "the-contracts", "type": "clause", "offset": [63, 76]}, {"key": "disclosure-letter", "type": "definition", "offset": [135, 152]}], "snippet": "Effective at Closing Date, the parties shall have entered into the contracts and in the form set forth on Section 4.20 of the Seacoast Disclosure Letter.", "hash": "0997ddc98c96aa00ba2c8e623cf96ee1", "id": 1}, {"size": 6, "samples": [{"hash": "kgxQi7p6iLF", "uri": "/contracts/kgxQi7p6iLF#additional-contracts", "label": "Purchase and Sale Agreement (First Nationwide Parent Holdings Inc)", "score": 18.0, "published": true}, {"hash": "ayVCmN8c7eV", "uri": "/contracts/ayVCmN8c7eV#additional-contracts", "label": "Purchase and Sale Agreement (First Nationwide Holdings Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "date-of-this-agreement", "type": "definition", "offset": [13, 35]}, {"key": "the-closing-date", "type": "clause", "offset": [42, 58]}, {"key": "the-parties-shall", "type": "clause", "offset": [60, 77]}, {"key": "related-contracts", "type": "definition", "offset": [134, 151]}, {"key": "related-to", "type": "definition", "offset": [162, 172]}, {"key": "the-operations", "type": "clause", "offset": [173, 187]}, {"key": "branch-offices", "type": "clause", "offset": [195, 209]}, {"key": "other-operations", "type": "clause", "offset": [217, 233]}, {"key": "subject-of-this-agreement", "type": "clause", "offset": [247, 272]}, {"key": "payments-of", "type": "definition", "offset": [310, 321]}, {"key": "in-the-case", "type": "clause", "offset": [363, 374]}, {"key": "days-or-less", "type": "clause", "offset": [419, 431]}, {"key": "prior-to", "type": "definition", "offset": [495, 503]}, {"key": "entering-into", "type": "clause", "offset": [504, 517]}, {"key": "an-additional", "type": "clause", "offset": [518, 531]}, {"key": "seller-shall", "type": "clause", "offset": [542, 554]}, {"key": "notice-to-purchaser", "type": "definition", "offset": [571, 590]}, {"key": "to-enter", "type": "definition", "offset": [608, 616]}, {"key": "the-documents", "type": "clause", "offset": [694, 707]}, {"key": "business-date", "type": "definition", "offset": [757, 770]}, {"key": "notice-by-seller", "type": "clause", "offset": [781, 797]}, {"key": "to-seller", "type": "definition", "offset": [821, 830]}, {"key": "by-purchaser", "type": "clause", "offset": [913, 925]}, {"key": "business-day", "type": "clause", "offset": [971, 983]}, {"key": "acceptance-of-such", "type": "clause", "offset": [1003, 1021]}, {"key": "accepted-by", "type": "clause", "offset": [1091, 1102]}, {"key": "entered-into", "type": "clause", "offset": [1150, 1162]}, {"key": "subsequent-to-the", "type": "clause", "offset": [1173, 1190]}, {"key": "date-hereof", "type": "clause", "offset": [1191, 1202]}, {"key": "is-not-required-to", "type": "clause", "offset": [1220, 1238]}, {"key": "terms-of", "type": "definition", "offset": [1272, 1280]}, {"key": "the-contracts", "type": "clause", "offset": [1348, 1361]}], "snippet": "(a) From the date of this Agreement until the Closing Date, the parties shall take the following actions for any contract or group of related contracts which are related to the operations of the Branch Offices or the other operations that are the subject of this Agreement, and which are expected to result in payments of more than $50,000 in any year or $25,000 in the case of contracts which are not cancelable on 60 days or less notice without cost or penalty (an \"Additional Contract\").\n(b) Prior to entering into an Additional Contract, Seller shall provide written notice to Purchaser of its intention to enter into the Additional Contract and shall afford Purchaser reasonable access to the documents relating thereto.\n(c) By 12:00 p.m. of the fifth Business Date following notice by Seller, Purchaser shall state to Seller its decision as to whether or not to accept such Additional Contract. 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render this clause unenforceable?", "How does the treatment of 'Additional Contracts' differ across key jurisdictions or contract types?"], "drafting_tip": "Specify the types of additional contracts permitted to prevent unintended obligations; require written consent for new contracts to maintain control; clarify amendment procedures to ensure enforceability.", "explanation": "The \"Additional Contracts\" clause defines the parties' rights and obligations regarding entering into further agreements beyond the main contract. Typically, this clause outlines the process for negotiating, executing, or referencing supplementary contracts that may be necessary to address specific aspects of the business relationship, such as service addenda, amendments, or related transactions. Its core function is to provide a clear framework for expanding or modifying the contractual relationship, ensuring that any additional agreements are formally recognized and integrated, thereby reducing ambiguity and potential disputes over future arrangements."}, "json": true, "cursor": ""}}