Contingency Contract Clause Samples

A contingency contract is a provision that makes the fulfillment of certain obligations dependent on the occurrence of a specific event or condition. In practice, this means that one or both parties are only required to perform their duties if a predetermined circumstance—such as securing financing, regulatory approval, or achieving a sales target—takes place. This clause is commonly used to manage uncertainty and allocate risk by ensuring that parties are not bound to perform unless the agreed-upon conditions are met, thereby protecting them from unforeseen developments.
Contingency Contract. If the parties stipulate to an additional contingency making the Buyer’s obligation to finalize the purchase of Property contingent upon the sale of Buyer’s current home, Seller shall have the right to terminate this Agreement and sell the Property to another buyer if Buyer fails to waive this contingency within twenty-four (24) hours of receiving notification via email or text that Seller has received a competing offer on Property. In the event of Seller’s termination, Buyer shall receive a full refund of ▇▇▇▇▇▇▇ Money. It is acknowledged that payments to Seller for “Change Orders” which include any upgraded items shall be non-refundable and retained by Seller. This offer IS Contingent This offer is NOT contingent If contingent; List, the address of the buyer’s contingent property and choose one of the following options: Address of Buyer’s Contingent Property: (City), (State), (Zip Code) Buyer’s Contingent Property is NOT currently listed on local MLS. Buyer’s Contingent Property is currently listed on local MLS but not under contract. Buyer’s Contingent Property is currently listed on the local MLS and/or is under contract with a closing date of .
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Contingency Contract. The Seller acknowledges that this Contract, and all terms and conditions contained herein, is contingent upon the formal approval of the City Council of the City of Garland, Texas (“City Council”). No term or condition provided herein shall constitute or be construed as a pre-commitment by the Purchaser to purchase the Property prior to the formal approval of the City Council. In the event the City Council of the City of ▇▇▇▇▇▇▇ fails to approve this Contract on or before January 9, 2018, any ▇▇▇▇▇▇▇ money paid by the Purchaser shall be refunded and disbursed to Purchaser, and the Parties will have no further rights or obligations under this Contract.
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Contingency Contract. This system allows complex applications where it is required to work with several behaviours at individual level and/or to change a behaviour(s) in a group of people. In this case contingency contract is going to be used as a system of contingency management based on the reinforcement of target behaviours. The target behaviour must be observable and measurable to establish a previous baseline and to see if the program reaches the pre-set-up objectives. PlastiCircle compensation Procedure focus on two target behaviours a) Depositing regularly a packaging waste bag inside the container (directly related with the Smart Container recorded data) b) Characterise packaging waste bag deposited correctly (directly related with the characterization protocol). A contingency contract is a written document in which it is specified all relevant information about what is ask it to do, how is asked it to do and in exchange of what. So, the contingency contract has to include: • All target behaviours that the subject (or group of people) agree to performance. • The expected frequency of the behaviour. • The relationship between the performance of these behaviours and their consequences (reinforcers). • The criteria according to which it will be evaluated (how it will be measured and observed). • The time and place in which the consequences of gains will be obtained. • The duration of the intervention; the start and the end time of this. The main advantage of these procedure is the reduction of ambiguity by specifying the desired behaviours and consequences. But also, there are some issues around the contingency contracts that must be taken into account for the implementation phase such as how to introduce the contract to the subject and the identification and negotiation of reinforcers. The informational and education intervention module could serve to introduce the contract to the subject by explaining why this kind of initiative is relevant through statistical data and European legislation tendency with the final objective of contextualize the initiative since the bibliographic research shows that by providing residents recycling information resulted in higher municipal recycling rates (▇▇▇▇▇ ▇. ▇., 1995). About the step of identification and negotiation of the reinforcers our study presents a limitation: due to economic and political issues, the participants won't be able to select the reinforcer that they wanted. They just will be able to choose from a predefined list ...
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Related to Contingency Contract

  • EMERGENCY CONTRACTS In the event that a disaster emergency is declared by Executive Order under Section 28 of Article 2-B of the Executive Law, or the Commissioner determines pursuant to his/her authority under Section 163(10)(b) of the State Finance Law that an emergency exists requiring the prompt and immediate delivery of Product, the Commissioner reserves the right to obtain such Product from any source, including but not limited to this Contract(s), as the Commissioner in his/her sole discretion determines will meet the needs of such emergency. Contractor shall not be entitled to any claim or lost profits for Product procured from other sources pursuant to this clause. The reasons underlying the finding that an emergency exists shall be included in the procurement record.

  • Emergency Conditions “Emergency Condition” shall mean a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; or (2) that, in the case of the Transmission Provider, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to the Transmission System, the Transmission Owner’s Interconnection Facilities or the Transmission Systems of others to which the Transmission System is directly connected; or (3) that, in the case of the Interconnection Customer, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Small Generating Facility or the Interconnection Customer’s Interconnection Facilities. Under Emergency Conditions, the Transmission Owner may immediately suspend interconnection service and temporarily disconnect the Small Generating Facility. The Transmission Provider shall notify the Interconnection Customer promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the Interconnection Customer’s operation of the Small Generating Facility. The Interconnection Customer shall notify the Transmission Provider promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the Transmission Owner’s Transmission System or other Affected Systems. To the extent information is known, the notification shall describe the Emergency Condition, the extent of the damage or deficiency, the expected effect on the operation of both Parties’ facilities and operations, its anticipated duration, and the necessary corrective action.

  • Emergency Contacts Contractor shall provide County with a list of names and telephone numbers at which Contractor’s representative, alternate, superintendent, and other key personnel can be reached during non-working hours in the case of an emergency.

  • Emergency Contact CONTRACTOR shall have a responsible person available at, or reasonably near, the Project/Service on a twenty-four (24) hour basis, seven (7) days a week, who may be contacted in emergencies and in cases where immediate action must be taken to handle any problem that might arise. CONTRACTOR shall submit to the COUNTY’s Project Manager, the phone numbers and names of personnel designated to be contacted in cases of emergencies. This list shall contain the name of their supervisors responsible for work pertaining to this Agreement.

  • Rating Agency Condition The Rating Agency Condition has been satisfied for the merger, consolidation or transfer;