Considerations for Agreement Sample Clauses
The 'Considerations for Agreement' clause defines the value or benefit that each party receives as part of entering into the contract. In practice, this may include payment, services, goods, or other forms of compensation exchanged between the parties. By clearly outlining what each side is providing and receiving, this clause ensures that the contract is legally enforceable and that both parties understand their obligations, thereby reducing the risk of disputes over what constitutes adequate consideration.
Considerations for Agreement. The considerations for this Agreement are the mutual promises of the parties and their mutual purposes to establish, maintain and promote sound and harmonious labor relations. It is desirable to maintain the cooperative relationships existing during past years between the Employers and the Employees represented by the Union.