BASIC FACTS Clause Samples
The BASIC FACTS clause serves to outline the essential information and key details relevant to the agreement or transaction. Typically, this includes the names of the parties involved, the effective date, and a summary of the main terms or subject matter. By clearly stating these foundational elements at the outset, the clause ensures that all parties have a shared understanding of the basic context, reducing the risk of confusion or disputes over fundamental details.
BASIC FACTS. Group Benefit Agreement SF275341-C (R-1212) (the "Agreement") currently in effect between the Group and Anthem Blue Cross (“Anthem”) is subject to the Funding Provisions of this endorsement. Effective January 1, 2013, these Funding Provisions are made a part of the Agreement. All other provisions of the Agreement which are not inconsistent with this endorsement remain in effect. With respect to these Funding Provisions, the Agreement Year will begin on the effective date of this endorsement and will end on December 31, 2013. Each subsequent Agreement Year will be a period of twelve (12) consecutive calendar months, beginning on January 1. Any Agreement Year will end, however, upon termination of the Agreement.
BASIC FACTS. The CARICOM/Dominican Republic Free Trade Agreement was signed on August 22, 1998. A Protocol Implementing the Agreement was signed on April 28, 2000. An Instrument of Provisional Application to give effect to the Agreement was subsequently signed on December 1, 2001, thereby providing for the entry into force of the Agreement between those Parties which have completed the ratification process. The Dominican Republic and Guyana ratified the Agreement on February 5, 2002 and March 19, 2004, thereby entering the Agreement into force between the two countries. CARICOM- Dominican Republic Free Trade Agreement Status: Active Signed: August 22, 1998 In force: October 6, 2004 Agreement type: Free trade agreement covering goods Country grouping: Regional- Member States of CARICOM and the Dominican Republic The purpose of the Agreement is to enhance the levels of cooperation and to promote economic development through trade liberalization and increased competitiveness. The main themes of the Agreement are Liberalization on the basis of national export interests, Reciprocity, Special treatment for CARICOM Least Developed Countries (LDCs), and Most Favoured Nation (MFN). It specifically recognizes and offers protection to those products which may be considered as sensitive to the Parties. Essentially, the Agreement has provisions for market access for Trade in Goods, Trade in Services, Rules of Origin, Technical barriers to Trade, Sanitary and Phyto-sanitary (SPS) Measures, Economic Cooperation, Government Procurement, Intellectual Property Rights Settlement of Disputes, Temporary Entry of Business Persons and Reciprocal Promotion and Protection of Investments. The Agreement also discourages anti-competitive business practices and allows for countries to apply corrective measures where injury has been created due to evidence of dumping or the use of subsidies. In addition, the discriminatory treatment with respect to the application of standards to like goods or services is discouraged and the use of international standards is encouraged.
BASIC FACTS. An American dies by suicide every 12.3 minutesi Americans attempt suicide an estimated
BASIC FACTS. In accordance with this agreement the bank purchases the Client's accounts receivable against his customers and thus assumes the risk of their insolvency. In addition the bank will relieve the Client - also of those accounts receivable which up until now have not been purchased - of the accounts receivable administration including ▇▇▇▇▇▇▇ procedures and collection. The assignment of the Client's purchased accounts receivable against his customers is not made in order to secure a loan granted. These accounts receivable will remain with the bank ultimately as an equivalent for the purchase price the bank pays to the Client. The claims the Client has against the bank and the payments resulting from them will not serve as a security for loans granted to the Client by third parties but are to be at the Client's entire disposal in order to enable him to meet his liabilities to his suppliers making use of the advantages resulting from immediate payment. The bank's decision to buy the accounts receivable largely depends on the information on the accounts receivable and the customers provided by the Client. Therefore, the correctness and reliability of this data is of great importance. The factoring agreement creates a permanent confidential relationship between the contracting parties.