Formation and Structure Clause Samples
The 'Formation and Structure' clause defines how a contract is created and organized between the parties. It typically outlines the steps required for the agreement to become legally binding, such as offer, acceptance, and consideration, and may specify the documents or components that make up the full contract, like schedules or appendices. By clearly establishing the process and framework for contract formation, this clause ensures that all parties understand when and how their obligations begin, reducing the risk of disputes over the validity or completeness of the agreement.
Formation and Structure. The Parties agree to form a Consortium structured and operated on the terms set forth in this Consortium Participation Agreement.
Formation and Structure. Each “Agreement” comprises the terms of this Subscription Agreement (“SA”) and each Order placed referencing its terms. Each Agreement entered into which refers to the terms of this SA constitutes a separate, standalone contract, which incorporates the terms of this SA and any amendments entered into between the Parties in writing. A reference in this SA to the “Agreement” means a reference to that Order only.
Formation and Structure. Each “Agreement” comprises the terms of this Subscription Agreement and each Order placed referencing its terms. Each Agreement entered into which refers to the terms of this Subscription Agreement constitutes a separate, standalone contract, which incorporates the terms of this Subscription Agreement and any amendments entered into between the Parties in writing. A reference in this Subscription Agreement to the “Agreement” means a reference to that Order only.
Formation and Structure. The Members have caused the Company to be formed as a limited liability company under the Act, for the purposes and upon the terms, covenants and conditions set forth in this Agreement.