Finalizing Agreement Clause Samples
The "Finalizing Agreement" clause establishes the point at which the contract becomes legally binding and effective for all parties involved. Typically, this clause outlines the actions required to finalize the agreement, such as the exchange of signatures, delivery of executed copies, or satisfaction of certain conditions. By clearly defining when and how the agreement is finalized, this clause ensures that all parties have a mutual understanding of when their rights and obligations commence, thereby preventing disputes over the contract's enforceability.
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Finalizing Agreement. (1) If an agreement is reached at the mediation, in matters that, as a matter of law, may be resolved by the parties by agreement, then the parties to the agreement shall reduce the terms of the agreement to writing and sign the writing along with their counsel. The parties shall designate a person who will file a consent judgment or a voluntary dismissal with the clerk, and that person shall sign the mediator’s report. If an agreement is reached prior to or during a recess of the mediation, then the parties shall inform the mediator and the clerk that the matter has been settled and, within ten calendar days of the agreement, file a consent judgment or voluntary dismissal with the court. If a party required to be present, as determined in 4(a) above does not attend in person, the party shall be available through electronic means to sign the final agreement or, if the party is unable to sign through electronic means, such party is responsible for providing written verification that the
(2) In all other matters, including guardianship and estate matters, if an agreement is reached upon some or all of the issues at the mediation, then the persons ordered to attend the mediation shall reduce the terms of the agreement to writing and sign the writing along with their counsel, if any. Such agreements are not binding upon the clerk but may be offered into evidence at the hearing of the matter and may be considered by the clerk for a just and fair resolution of the matter. Evidence of statements made and conduct occurring in a mediation where an agreement is reached is admissible under N.C.G.S. § 7A-38.3B(g)(3).
Finalizing Agreement. If an agreement is reached in the conference, the terms of the agreement shall be confirmed in writing and signed by all parties.