Bilateral Sample Clauses
A bilateral clause establishes mutual obligations between two parties, requiring both sides to perform certain duties or provide specific benefits. In practice, this means that each party's performance is typically contingent upon the other party fulfilling their respective commitments, such as in a contract where one party delivers goods and the other pays for them. The core function of a bilateral clause is to ensure reciprocity and balance in contractual relationships, thereby promoting fairness and reducing the risk of one-sided agreements.
POPULAR SAMPLE Copied 3 times
Bilateral. A bil a t e ra ▇ ▇ odific a t io n ( s u pple m e n t a l a g r ee m e n t ) is a co n t ra c t m odific a t io n t ha t is sig n ed b y t h e co n- t ra c t o r an d t h e co n t ra c t i n g office r . Bi- l a t e ra ▇ ▇ odific a t io n s ar e u sed t o—
(1) M a k e n ego t i a t ed eq u i t a ble a dj u s t - m e n t s r es u l t i n g f r o m t h e iss uan ce of ▇ ▇ ▇▇▇ ge o r de r ;
(2) Defi n i t ize le tt e r co n t ra c t s; an d
(3) R eflec t o t h e r a g r ee m e n t s of t h e p ar t ies m odify i n g t h e t e r m s of co n- t ra c t s.
Bilateral. A bilateral modification (supplemental agreement) is a contract modification that is signed by the con- tractor and the contracting officer. Bi- lateral modifications are used to—
(1) Make negotiated equitable adjust- ments resulting from the issuance of a change order;
(2) Definitize letter contracts; and
(3) Reflect other agreements of the parties modifying the terms of con- tracts.
Bilateral. A bilateral amendment is a change that is signed by the Recipient and the AO. Bilateral amendments are used to reflect other agreements of the parties amending the terms of the Agreement.
Bilateral. Parity describes committees created by the parties pursuant to the Collective Agreement which contain equal numbers of representatives of each of the parties.
Bilateral. A recent trend in bilateral and regional free trade agreements has been to ▇▇- ▇▇▇▇▇ non-violation complaints applicable to the respective provisions on IPRs. In most cases, these non-violation clauses do not appear in the intellectual property chapter of the agreement, but in a separate dispute settlement chapter.156
Bilateral. Paragraph 5(d) of the Doha Declaration on the TRIPS Agreement and Public Health confirmed the right of WTO Members to adopt their own policies and rules on the subject of exhaustion of rights. However, since the adoption of the Declaration several countries have entered into bilateral “free trade” agreements that obligate them to prevent parallel importation of patented products, at least when the patent holder has included a territorial limitation on the distribution of the product by contract or “other means”.267 As discussed in Chapter 2, TRIPS establishes minimum standards of IPR protection, but leaves Members discretion 264 Silhouette International ▇▇▇▇▇▇▇ Gesellschaft mbH & Co. KG ▇. ▇▇▇▇▇▇▇▇▇ Handelsgesellschaft mbH, Case C-355/96, [1998] E.C.R. I-4799, [1998] 2 C.M.L.R. 953. Advocate General ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ recommended to the ECJ that it decide the First Trade Marks Directive required EEA member states to exclusively follow a rule of intra-Union exhaustion. The opinion of the Advocate General was critically analyzed in ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇.▇. ▇▇▇▇ ▇▇▇▇▇▇▇, The Silhouette of a Trojan Horse: Reflections on the Advocate General ▇▇▇▇▇▇’ Opinion in Silhouette ▇. ▇▇▇▇▇▇▇▇▇, Bijblad bij De Industrie¨ le Eigendom 111, Apr. 16, 1998 and ▇. ▇. ▇▇▇▇▇▇▇, Trade Marks: Portcullis for the EEA?, 20 EIPR 172, May 1998.
Bilateral. It will be more usual for the developer and the LPA to enter into early negotiations on an agreement which will be finalised before planning permission has been granted. Such agreements will be an obligation on both parties to implement and are therefore referred to as bilateral agreements.
Bilateral it is entered into by two or more persons and the rights and obligations arising therefrom are reciprocal
Bilateral. 2 parties to the contract (A and B) • Both parties exchange a promise or set of promises for each to do something in the future. • Both A and B’s promises are executory (performed at some point after contract is formed)
Bilateral. If it is for compensation because it gives rise to reciprocal rights and obligations