Irrevocable Purpose Clause Samples

The Irrevocable Purpose clause establishes that a specific purpose or use defined in the agreement cannot be changed or withdrawn by either party. In practice, this means that once the parties agree on how certain information, assets, or rights will be used—such as for a particular project or within a set scope—this purpose remains fixed for the duration of the contract. This clause ensures stability and predictability by preventing either party from unilaterally altering the agreed-upon use, thereby protecting the interests and expectations of both sides.
Irrevocable Purpose. The Trust continued hereby shall constitute an irrevocable trust established for the exclusive benefit of employees, in accordance with Section 302(c) of the Labor Management Relations Act of 1947, as amended by Public Law 86-257, 1959, and in accordance with the Act.
Irrevocable Purpose. The Trust established by this Trust Agreement is an irrevocable trust established for the exclusive benefit of employees, in accordance with Section 302(c) of the Labor Management Relations Act of 1947, as amended by Public Law 86-257, 1959, and in accordance with ERISA.