INTERDEPENDENCY BETWEEN AGREEMENTS Sample Clauses
The Interdependency Between Agreements clause establishes that the rights and obligations of the parties under one agreement are directly linked to those in another related agreement. In practice, this means that the performance, breach, or termination of one contract may affect the status or enforceability of another, such as when a supply agreement and a service agreement are executed as part of a larger transaction. This clause ensures that the parties treat the agreements as a unified package, thereby preventing situations where one party could benefit from one contract while disregarding its responsibilities under another, ultimately promoting fairness and consistency across interconnected deals.
INTERDEPENDENCY BETWEEN AGREEMENTS. For the avoidance of doubt the parties acknowledge and agree:
(a) the Buyer shall not be obliged to complete this agreement if the Company fails to complete under, or is otherwise in breach of, the Asset Sale Agreement immediately before Completion; and
(b) that once Completion under this agreement and the Asset Sale Agreement have occurred, as a chronological sequence of events, all deliveries and payments will be deemed to have taken place in the order in which they occurred.