Contract Finalization Clause Samples

The Contract Finalization clause defines the point at which the agreement becomes legally binding and enforceable for all parties involved. Typically, this clause outlines the necessary steps for finalization, such as the exchange of signed documents, completion of required approvals, or satisfaction of specific conditions. Its core practical function is to provide certainty and clarity regarding when contractual obligations commence, thereby reducing the risk of disputes over whether or not a binding agreement exists.
Contract Finalization. Should any material changes to the Agreement, Scope of Work or Contractor’s Proposal need to be clarified or negotiated, a revised agreement may be drafted and sent to Contractor for review and signature.
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Contract Finalization. 2.1. The purchase agreement between the parties is finalized exclusively by signing this document. Any other document, dated prior to this and drawn by each of the parties, is purely indicative and not binding, and in no case can be interpreted as equivalent to this one. 2.2. This agreement is considered effective when a copy of it is returned to the seller, also by fax, duly signed by the buyer. 2.3. For orders exceeding € 20,000.00 (Twenty thousand /00 Euros) the buyer agrees to send the vendor the above mentioned copy by registered letter with return receipt.
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Contract Finalization. Upon selection, the successful proposers will be asked to finalize contracts with DDC subject to the conditions specified in the RFP and to the agency's standard contract provisions. The contents of the selected proposals, together with this RFP and any addendum/addenda provided during the proposal process, may be incorporated into the final contracts to be developed by the agency.
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Contract Finalization. 4.1 For the activation of the Service, the Client sends to VirtSYS IT through the Website the Order Form, fully completed and accepted in all its parts, together with the payment of the corresponding fee for the Service. The submission of the Order Form implies the full acceptance by the Client of the Contract. The Contract shall be deemed perfected upon VirtSYS IT's sending of the Activation Confirmation with the Access Credentials. 4.2 The Client is responsible for the accuracy of the information provided and acknowledges VirtSYS IT's right to request any further information necessary for the activation of the Service, if deemed necessary, in compliance with applicable regulations. 4.3 By submitting the Order Form, the Client acknowledges and accepts that the only valid and effective version of the Contract is the one in the Italian language, with any other versions possibly provided by VirtSYS IT in any other foreign language being made available solely as a courtesy.
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Related to Contract Finalization

  • Contract Closure Contracting Officer shall give appropriate written notice to Purchaser when Purchaser has complied with the terms of this contract. Purchaser shall be paid refunds due from Timber Sale Account un- der B4.24 and excess cooperative deposits under B4.218.

  • Commissioning Commissioning tests of the Interconnection Customer’s installed equipment shall be performed pursuant to applicable codes and standards. The ISO and Connecting Transmission Owner must be given at least five Business Days written notice, or as otherwise mutually agreed to by the Parties, of the tests and may be present to witness the commissioning tests.

  • Settlement of Disputes between Contracting Parties 1. Should any dispute arise concerning the interpretation or application of this Agreement the Contracting Parties shall try to settle the dispute amicably. 2. If the dispute cannot be settled in a such manner it shall, upon the request of either Contracting Party, be submitted to an ad hoc Arbitral Tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal shall be constituted in the following way: within two months of the receipt of the request for arbitration, each Contracting Party shall appoint one arbitrator. The two arbitrators will choose a national of a third State who, on the approval by the two Contracting Parties, shall act as chairman of the Tribunal (hereinafter referred to as "the Chairman"). The Chairman shall be appointed within two months from the date of appointment of the other two arbitrators. 4. If within the period specified in paragraph 3 of this Article either Contracting Party shall not have appointed its arbitrator or the two arbitrators shall not have agreed on the chairman, a request may be made to the President of the International Court of Justice to make the appointment. If he is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the appointment. If the Vice-President also is a national of either Contracting Party or is prevented from discharging the said function, the member of the International Court of Justice next in seniority who is not a national of either Contracting Party shall be invited to make the appointment. 5. The Arbitral Tribunal shall reach its decision by a majority of votes, such decision shall be final and binding. Each contracting Party shall bear the costs of its own arbitrator and its counsel in the arbitral proceedings, the costs of the chairman and the remaining costs shall be borne in equal parts by both Contracting Parties. The Tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the two Contracting Parties. The Arbitral Tribunal shall determine its own procedure.

  • Procurement Project not financed with EU Funds The procurement is covered by the Government Procurement Agreement (GPA): yes

  • Settlement of Disputes between the Contracting Parties 1. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement should, if possible, be settled through diplomatic channels. 2. If a dispute between the contracting Parties cannot thus be settled, it shall upon the request of either Contracting Party be submitted to an arbitral tribunal. 3. Such as arbitral tribunal shall be constituted for each individual case in the following way. Within two months of the receipt of the request for arbitration, each Contracting Party shall appoint one member of the tribunal. Those two members shall then select a national of a third State who an approval by the two Contracting Parties shall be appointed Chairman of the tribunal. The Chairman shall be appointed within two months from the date of appointment of the other two members. 4. If within the periods specified in paragraph 3 of this Article the necessary appointments have not been made either Contracting Party may, in the absence of any other agreement, invite the President of the International Court of Justice to make any necessary appointments. If the President is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the vice- President is a national of either Contracting Party or if he too is prevented form discharging the said function, the members of the International Court of Justice next in seniority who is not a national of either Contracting Party Shall be invited to make the necessary appointments. 5. The arbitral tribunal shall reach its decision by a majority of votes. Such decision shall be binding on both Contracting Parties. Each Contracting Party shall bear the cost of its own member of the tribunal and of its representation in the arbitral proceedings; the cost of the Chairman and the remaining cost shall be borne in equal parts by the Contracting Parties. The tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the two Contracting Parties, and this award shall be binding on both Contracting Parties. The tribunal shall determine its won procedure.