BARTER CLAUSE Sample Clauses
A Barter Clause establishes the terms under which parties agree to exchange goods or services directly, without the use of money. This clause typically outlines the specific items or services to be traded, the timing and method of delivery, and any conditions or warranties attached to the exchanged goods or services. By clearly defining the expectations and obligations of each party, the Barter Clause helps prevent misunderstandings and disputes, ensuring that both sides receive fair value in the transaction.
POPULAR SAMPLE Copied 1 times
BARTER CLAUSE. 4.1 Subject to the terms and conditions of this Agreement and in reliance on the representations and war- ranties of the Participant as set out herein, the Developer agrees to barter (tauschen) in the sense of § 1045 of the Austrian General Civil Code and to deliver to the Participant the RTH Exchange Amount ofRTHs; and the Participant, in return, subject to the terms and conditions of this Agreement and in reli- ance on the representations and warranties of the Developer as set out herein, agrees to barter (tauschen) in the sense of § 1045 of the Austrian General Civil Code and to deliver to the Developer theETH Exchange Amount of Ether.
4.2 The Participant declares to accept the RTH Exchange Amount of RTHs as consideration for the ETH Ex- change Amount of Ether bartered, and the Developer declares to accept the ETH Exchange 4/7 Amount of Ether as consideration for the RTH Exchange Amount of RTHs bartered. Both parties declare that after due consideration of all material aspects, the RTH Exchange Amount of RTHs is of equal value to the ETH Exchange Amount of Ether.