BOTH PARTIES AGREEMENT Clause Samples
The 'Both Parties Agreement' clause establishes that any action, decision, or modification under the contract requires the mutual consent of both parties involved. In practice, this means that neither party can unilaterally make changes, terminate the agreement, or take significant steps without the explicit approval of the other party, often documented in writing. This clause ensures that both parties maintain equal control over the contractual relationship, preventing one-sided decisions and promoting fairness and collaboration.
BOTH PARTIES AGREEMENT. 1. Contingent upon the acceptance of the above application, both parties mutually agree as follows:
BOTH PARTIES AGREEMENT. Contingent upon the acceptance of this MOA, both parties mutually agree as follows:
BOTH PARTIES AGREEMENT. 9.1 本项目获得中国政府监管部门审批通过，并且需求资金到位，经双方签署联合开发合同后，本项目正式开始实施。 This project shall formally come into effect upon PRC regulatory authorities’ approval, the required funding has obtained and the contract for joint development by both Parties has mutually signed.
9.2 双方同意在执行本协议过程中所发生的一切争议，应先通过友好协商解决。未尽事宜，双方协商后以补充协议的形式予以完善。