ARTICLE 1 - CONTRACT Clause Samples
ARTICLE 1 - CONTRACT serves as the foundational provision that formally establishes the existence of a binding agreement between the parties. This clause typically identifies the parties involved, references the agreement as a contract, and may specify the effective date or scope of the arrangement. By clearly stating that a contract exists, it ensures both parties acknowledge their legal obligations and provides a clear starting point for interpreting the rights and duties set forth in the rest of the document.
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ARTICLE 1 - CONTRACT. The Executive will, during the Term (as defined below) or any renewals thereof, perform all of the Duties (as defined below) as the Corporation by action of its Board of Directors shall, from time to time, reasonably assign to the Executive. The Corporation and Executive further agree that any prior employment and/or consulting agreements entered into between the parties are hereby terminated effective the date of this Agreement.