Good and Valuable Consideration Sample Clauses
The Good and Valuable Consideration clause affirms that each party to a contract is providing something of value in exchange for the promises or obligations of the other party. In practice, this means that both sides acknowledge they are entering into the agreement with the intent to exchange benefits, which could include money, services, goods, or other forms of value. This clause serves to establish the enforceability of the contract by confirming that a valid exchange is taking place, thereby preventing disputes over whether a binding agreement exists.
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Good and Valuable Consideration. Executive acknowledges that the payments identified on Exhibit A hereto as being in respect of Executive’s releases, waivers and other covenants contained in the Agreement are in addition to anything of value Executive is entitled to receive from Employer and are good and valuable consideration for this Agreement.
Good and Valuable Consideration. The Parties expressly agree that the consideration set forth in Section 2 of this Agreement constitutes good and valuable consideration in addition to anything to which Employee is already entitled, and the Company has no independent legal duty to provide Employee with the consideration set forth in this Agreement, absent the terms of the Agreement itself. Employee understands and agrees that Employee will not receive the consideration specified herein, without Employee’s execution of this Agreement and the fulfillment of the promises contained herein.
Good and Valuable Consideration. You acknowledge and agree that the Separation Payment and other consideration provided to you under this Agreement represent good and valuable consideration for your General Release and your obligations hereunder.
Good and Valuable Consideration. The Landlord agrees to lease, and the Tenant agrees to take the Property as is where is, under the following conditions:
A. Tenant shall pay to the Landlord One Dollar ($ 1) per annum for the term of this agreement as payment for the use and enjoyment of the Property.
B. Tenant shall manage and schedule the use of the Property by other non-profit and governmental agencies as public assembly space consistent with the current building and fire codes of the City of Maricopa. Tenant shall not unreasonably deny use of the Property to any legally organized non-profit or governmental agency that may apply for a conforming use of the Property. Tenant may charge reasonable and necessary usage fees to any non-profit or governmental agency for the use and enjoyment of the Property in order to offset the costs of managing and maintaining the Property. Tenant’s decision regarding use of the Property, including scheduling and suitability, shall be final.
C. Tenant shall maintain, at its sole expense, the interior and exterior of the building and grounds in a neat and clean manner, free of pests, trash, debris, weeds and other unsightly and/or unsanitary conditions.
D. Landlord may request occasional use of the Property for purposes consistent with the intent of this Agreement. Tenant shall not unreasonably deny such requests and shall not charge Landlord a fee for such usage.
E. Tenant shall prepare a written report, no less than annually, to Landlord detailing the use of the Property by entity during the previous year.
Good and Valuable Consideration. The Severance Payments and opportunity for continued employment are in addition to anything of value that Executive is entitled to receive from VWR and is good and valuable consideration for this Agreement. Executive agrees to the terms set forth in this Agreement in return for VWR’s promise to provide Executive with the Severance Payments to which he would otherwise not be entitled.
Good and Valuable Consideration. The payments and other consideration promised in paragraphs 5, 6, 7, 8, and 9 (collectively the “Severance Payment”) are in addition to anything of value Executive is entitled to receive from Company and are good and valuable consideration for this Agreement.
Good and Valuable Consideration. Executive acknowledges and agrees that the Separation Payments and other consideration provided to Executive under this Agreement exceed anything of value to which Executive is otherwise entitled from the Company and represent good and valuable consideration, to which he is not otherwise entitled, for his General Release and his obligations hereunder.