EFFECTIVITY CLAUSE Clause Samples
An Effectivity Clause defines when a contract or specific provisions within it become legally binding and enforceable. Typically, this clause states a precise date, event, or condition that triggers the contract’s effectiveness, such as upon signature by all parties or after regulatory approval. By clearly establishing the start of contractual obligations, the Effectivity Clause ensures all parties know when their rights and duties commence, preventing confusion or disputes about the timing of enforceability.
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EFFECTIVITY CLAUSE. This Agreement shall take effect upon signing by the parties to this Agreement and shall remain in force unless any of the parties withdraws or pre-terminates this Agreement.
EFFECTIVITY CLAUSE. This Agreement shall take effect immediately upon the signing hereof by the parties, unless otherwise provided herein. Done in the City of Manila on the 2nd day of September 1996. For the GRP: