AGREEMENT NOW THEREFORE Sample Clauses
The "AGREEMENT NOW THEREFORE" clause serves as the formal introduction to the binding terms of a contract, signaling the transition from the recitals or background section to the operative provisions. Typically, this clause uses language such as "Now, therefore, in consideration of the mutual promises herein..." to establish that the parties have agreed to the terms that follow. Its core practical function is to clearly mark the point at which the parties' intentions become legally enforceable, ensuring clarity and formality in the contract's structure.
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AGREEMENT NOW THEREFORE in consideration of the premises and the mutual covenants, representations and warranties herein made and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto hereby agree as follows:
AGREEMENT NOW THEREFORE in consideration of the foregoing premises, and for other good and
AGREEMENT NOW THEREFORE in consideration of the mutual promises and covenants herein contained, the Parties hereto agrees as follows:
AGREEMENT NOW THEREFORE in consideration of the foregoing and the covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, do hereby agree as follows: Article
AGREEMENT NOW THEREFORE the Parties agree as follows:
AGREEMENT NOW THEREFORE on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and the mutual benefits to the parties to be derived here from, it is hereby agreed as follows:
AGREEMENT NOW THEREFORE in consideration of the foregoing and the covenants and agreements contained in this Agreement, the parties agree as follows:
AGREEMENT NOW THEREFORE the parties agree as follows: 1. Section 4(b) of the Employment Agreement is hereby amended to read as follows:
AGREEMENT NOW THEREFORE in consideration of the premises and the mutual promises hereinafter set forth, and in consideration of the representations, warranties and covenants herein contained, the Parties hereby agree as follows. ARTICLE I DEFINITIONS 1.1
AGREEMENT NOW THEREFORE in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: ARTICLE I DEFINITIONS The following terms have the meanings specified or referred to in this Article I: “Action” means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation, citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law or in equity. “Additional Inventory Cost Basket” means $50,000.00. “Additional Inventory Cost Cap” means $500,000.00. “Additional Inventory Costs” means increases in costs for the purchase or prices to be charged in the sale of inventory which cannot be passed on to customers and are attributable solely to (a) increases in the costs and expenses of tariffs (or similar fares, rates, charges or terms and conditions of import) applicable to the purchase of such inventory and/or (b) changes in Law or Governmental Authority policies regarding tariffs (or similar fares, rates, charges or terms and conditions of import) that directly lead to supply chain interruptions. “Affiliate” of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person. The term “control” (including the terms “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. “Agreement” has the meaning set forth in the preamble. “AI Technology” means (a) any artificial intelligence systems or models that have the ability to generate content or output, including content or output closely resembling or mimicking human-created content or output, and (b) other techniques that enable computers to mimic human intelligence, including (i) deep learning, machine learning, and other artificial intelligence technologies and algorithms, software or systems that make use of or employ neural networks, (ii) statistical learning algorithms or reinforcement learning, and (iii) any data or information used to pretrain, finetune, test or develop the foregoing. “Allocation” has the meaning set forth in Section 2.07(b)...