DFC Clause Samples
The DFC (Designated Funding Clause) establishes the terms under which specific funds are allocated or earmarked for particular purposes within a contract. Typically, this clause outlines the amount, source, and permitted uses of the designated funds, and may set conditions for their release or require periodic reporting on their use. By clearly defining how and when funds can be used, the DFC ensures financial transparency and accountability, preventing misuse and disputes over funding within the contractual relationship.
DFC. Morningstar agrees that all packages, labels, advertising and other materials which utilize a trademark shall include the following statement or similar statement agreed to in writing by LOL: "The LAND O LAKES Brand name is used under license from Land O'Lakes, Inc."
DFC. Morningstar acknowledges and desires to maintain the validity of Trademarks and the valuable goodwill associated with Trademarks for the benefit of LOL. DFC/Morningstar agrees, therefore, to use Trademarks rights in accordance with the Brand and Trademark Usage Manual provided to DFC by LOL together with such reasonable changes to such Manual as may be made from time to time by LOL and proper trademark usage and consistent with the character and image of Trademarks. DFC/Morningstar shall not, directly or indirectly, attack or assist a third party in attacking the validity of Trademarks.
DFC. Morningstar agrees, upon the request and at the sole cost and expense of LOL, to aid and assist LOL in the registration and maintenance of Trademarks and in any litigation or resolution of claims with respect to Trademarks, as LOL may request.
DFC. The parties agree that, except for any liability to provide incentives awarded under a DFC incentive plan, DFC shall not be liable for any obligations to the Executive under this Agreement.
DFC. Morningstar agrees to assign to LOL, in the event of termination of this Agreement, and without additional consideration, any rights and equities related to Trademarks and any goodwill incidental to such rights that may be vested or believed to be vested in DFC/Morningstar as the result of the activities of DFC/Morningstar pursuant to this Agreement.