Effectiveness and Termination of Contract Sample Clauses
The 'Effectiveness and Termination of Contract' clause defines when a contract becomes legally binding and the conditions under which it can be ended by either party. Typically, this clause specifies the start date of the agreement and outlines scenarios such as breach, mutual agreement, or the passage of a set period that would allow for termination. Its core function is to provide clear guidelines on the lifespan of the contract, ensuring both parties understand their rights and obligations regarding when the contract is in force and how it can be lawfully concluded.
Effectiveness and Termination of Contract. I. The borrower and lender agree to execute this contract in the form of a data message and shall not refuse to perform their obligations under this contract on this ground. This contract shall take effect from the date of electronic signatures by both parties. Without the lender’s consent, the borrower shall not deny the creditor-debtor relationship under this contract or withdraw, revoke, or cancel this contract in any manner.
Effectiveness and Termination of Contract. 46.1 The manner of contract effectiveness shall be stipulated by the parties in the Agreement.
46.2 After the Client and the Contractor observed all the obligations in the contract, upon the issuance of a performance completion certificate by the Client to the Contractor; this contract shall be terminated immediately.
46.3 After the termination of the rights and obligations in the contract, both the Client and the Contractor shall adhere to the principle of good faith and prestige to fulfill the obligations of notice, assistance and confidentiality.
Effectiveness and Termination of Contract. 7.1 This Agreement shall come into effect on the date that the parties duly execute this Agreement and terminate on the expiry date of the term. The parties may further negotiate and renew this Agreement upon unanimous agreement after its expiration.
7.2 Party A shall have the right to terminate this Agreement in any of the following events:
a. Party B breaches this Agreement or any obligation hereunder and fail to cure such breach within thirty days after the receipt of a written notice from Party A with a detailed account of the acts of breach;
b. Party A no longer directly or indirectly holds any interest in Party B;
c. Party B goes bankrupt, becomes the subject under any liquidation and dissolution proceedings, discontinues its operations, or fails to pay its debts on schedule.
a. Party A breaches this Agreement or any of the representations and warranties hereunder and fail to cure such breach within thirty days after the receipt of a written notice from Party B with a detailed account of the acts of breach;
b. Party A no longer has any proprietary right in the registered Licensed Trademarks.
Effectiveness and Termination of Contract. 7.1 This Agreement shall come into effect on the date that the parties duly execute this Agreement and terminate on the expiry date of the term. The parties may further negotiate and renew this Agreement upon unanimous agreement after its expiration.
7.2 Party A shall have the right to terminate this Agreement in any of the following events:
a. Party B breaches this Agreement or any obligation hereunder and fail to cure such breach within thirty days after the receipt of a written notice from Party A with a detailed account of the acts of breach;
b. Party A no longer directly or indirectly holds any interest in Party B;
c. Party B goes bankrupt, becomes the subject under any liquidation and dissolution proceedings, discontinues its operations, or fails to pay its debts on schedule.
7.3 Party B shall have the right to terminate this Agreement in any of the following events:
a. Party A breaches this Agreement or any of the representations and warranties hereunder and fail to cure such breach within thirty days after the receipt of a written notice from Party B with a detailed account of the acts of breach;
b. Party A no longer has any proprietary right in the registered Licensed Trademarks.
7.4 If any party wishes to terminate this Agreement in accordance with the above articles, it shall notify the other party in writing with a 60-day advance notice. Such notice shall provide its reasons for termination, and this Agreement will be terminated upon expiration of such 60-day period.
7.5 After the termination of this Agreement:
a. Party B’s right to use the Licensed Trademarks shall be immediately terminated and Party B shall not continue its use of the Licensed Trademarks and attempt to register or use trademarks, service logos, other names, marks, languages, package profiles, color, design or graphics same as or similar to the Licensed Trademarks;
b. Party B shall provide to Party A or its designated Affiliates any materials in its custody with respect to or containing a Licensed Trademark, or make alterations to such materials so that they no longer incorporate any Licensed Trademark; and
c. In the event of earlier termination of this Agreement, the parties shall notify the relevant local administration for industry and commerce and the Trademark Administration of such termination within one (1) month after the termination date.
Effectiveness and Termination of Contract. 3.1 This Contract shall be formed after execution by the Parties and shall take effect on the Approval Date.
3.2 This Contract shall be terminated by mutual written agreement between the Parties.
Effectiveness and Termination of Contract. This contract comes into effect from the date when the borrower and the loaner sign and seal on the contract, and terminates when all debts under this contract are discharged.
Effectiveness and Termination of Contract