Common use of Execution and Approval Clause in Contracts

Execution and Approval. This Agreement is subject to immediate cancellation without notice at the option of the CONTRACTOR if not properly signed by SUBCONTRACTOR and received in CONTRACTOR’S Gallatin, TN office within ten (10) days after transmittal to SUBCONTRACTOR by CONTRACTOR. This Agreement is subject to approval by OWNER or its representative, and if not so approved will be canceled without further liability of either party to the other. CONTRACTOR shall have no obligation for any work performed or expense incurred by SUBCONTRACTOR prior to the signing of this agreement by all parties and receipt of written notice to proceed with the work.