Common use of Mandatory/Permissive Clause in Contracts

Mandatory/Permissive. The words “shall” and “will” are mandatory and the word “may” is permissive.

Appears in 1 contract

Sources: Franchise Agreement

Mandatory/Permissive. The words “shall” and “will” are mandatory and the word “may” is permissive.permissive.‌

Appears in 1 contract

Sources: Franchise Agreement

Mandatory/Permissive. The word “will” will be construed to have the same meaning and effect as the word “shall”. The words “shall,and “will,” or “agree(s)” are mandatory mandatory, and the word “may” is permissive.

Appears in 1 contract

Sources: Share Purchase Agreement