Divorced Advisors Sample Clauses
The 'Divorced Advisors' clause defines how the involvement of financial or legal advisors who are no longer affiliated with a party—due to separation, termination, or other reasons—is handled within the agreement. Typically, this clause clarifies whether advice or actions taken by such former advisors remain binding or relevant to the parties, and may set out procedures for notifying the other party when an advisor's relationship ends. Its core function is to prevent confusion or disputes over the authority and validity of advice or decisions made by advisors who are no longer officially connected to a party, thereby ensuring clear lines of communication and responsibility.
Divorced Advisors. If founding donors or advisors to a donor advised fund are subsequently separated or divorced, the Foundation reserves the right to decline grant recommendations from either husband or wife unless unanimous consent is communicated in writing, or the appointment of advisors is restated or confirmed as deemed sufficient by the Foundation.