EXECUTION AS OFFER Clause Samples
The 'Execution as Offer' clause defines that the act of signing or executing a document constitutes a formal offer to enter into a contract. In practice, this means that when one party signs an agreement and delivers it to the other party, it is treated as an official offer, which the receiving party can then accept to form a binding contract. This clause clarifies the moment at which an offer is made, reducing ambiguity about when contractual negotiations become legally significant and helping to prevent disputes over whether a valid offer was ever extended.
EXECUTION AS OFFER. The execution of this Lease by the first party to do so constitutes an offer to lease the Demised Premises. Unless within the number of days stated in Section 1.14 above after the date of its execution by the first party to do so, this Lease is signed by the other party and a fully executed copy is delivered to the first party, such offer shall be automatically withdrawn and terminated.
EXECUTION AS OFFER. The execution of this Lease by the first party to do so constitutes an offer to lease the Demised Premises. Unless within the number of days stated in Section 1.14 above after the date of its execution by the first party to do so, this Lease is signed by the other party and a fully executed copy is delivered to the first party, such offer shall be automatically withdrawn and terminated. Additional provisions may be set forth in the blank space below, and/or an Exhibit or Exhibits may be attached hereto which shall be made a part of this Lease for all purposes. Landlord has agreed to provide Tenant with up to $150,000.00 for Tenant Improvements on the space. Out of this T.I. allowance, $100,000.00 is considered as extra allowance and is figured into the rental rate at $1.67/sf per year. Tenant can "buy down" the rental rate by either using less than the $100,000.00 or by paying Tenant Improvement dollars. Landlord will get at least three bids on the improvements. EFFECTIVE as of the date stated in Section 1.01 above.
EXECUTION AS OFFER. The execution of this Lease by the first party to do so constitutes an offer to lease the Demised Premises. Unless within the number of days stated in Section 1.14 above after the date of its execution by the first party to do so, this Lease is signed by the other party and a fully executed copy is delivered to the first party, such offer shall be automatically withdrawn and terminated. ARTICLE SEVENTEEN: ADDITIONAL PROVISIONS Additional provisions may be set forth in the blank space below, and/or an Exhibit or Exhibits may be attached hereto which shall be made a part of this Lease for all purposes.
EXECUTION AS OFFER. The execution of this Lease by the first party to do so constitutes an offer to lease the Demised Premises. Unless within the number of days stated in Section 1.14 above after the date of its execution by the first party to do so, this Lease is signed by the other party and a fully executed copy is delivered to the first party, such offer shall be automatically withdrawn and terminated. ARTICLE SEVENTEEN: ADDITIONAL PROVISIONS Additional provisions may be set forth in the blank space below, and/or an Exhibit or Exhibits may be attached hereto which shall be made a part of this Lease for all purposes.
17.1 Landlord agrees to warrant the major components of HVAC units for a period of one (1) year. Tenant must show Landlord evidence of a regular HVAC maintenance program.
17.2 Tenant shall have a cancellation option after three years of the lease, if a six month rent penalty is paid and a six month notice is given to Landlord. After four (4) years, a three month rent penalty, with a six (6) month notice. EFFECTIVE as of the date stated in Section 1.01 above.