Common use of Decision Binding Clause in Contracts

Decision Binding. A decision reached by such senior officers and communicated by them in writing to the Parties will be binding on the Parties and will be implemented.

Appears in 2 contracts

Sources: Patent License and Intellectual Property Exploitation Agreement (Ballard Power Systems Inc.), Technology Development Agreement (Ballard Power Systems Inc.)

Decision Binding. A decision reached by such senior officers pursuant to Section 19.2 and communicated by them in writing to the Parties will be binding on the Parties and will be implemented.

Appears in 1 contract

Sources: Research and Development Agreement (Ballard Power Systems Inc.)