Applicable Class Clause Samples

The "Applicable Class" clause defines which group or category of individuals, entities, or items are subject to the terms of the agreement or a specific provision within it. In practice, this clause might specify that only certain employees, types of products, or classes of shareholders are covered by particular rights, obligations, or restrictions. By clearly identifying the relevant class, the clause ensures that the scope of the agreement is unambiguous and that only intended parties are affected, thereby preventing misunderstandings and disputes over applicability.