No Long Term Contracts Clause Samples
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No Long Term Contracts. The Company is not and will not on Completion be a party to any contract of service or supply which cannot be terminated by not more than 1 month's notice without giving rise to any claim for damages or compensation.
No Long Term Contracts. Although a significant portion of ASTREX's present business is done with long standing customers, none of whom constitute more than 10% of its business, ASTREX does not have long term contracts with these customers. To the extent several of ASTREX's long-standing customers ceased to purchase from ASTREX, its business could be materially adversely affected.
No Long Term Contracts. We do not have any long-term supply or similar agreements with governments or authorities pursuant to which we act as producer. We are therefore dependent upon our ability to sell oil and gas at the prevailing well head market price. There can be no assurance that purchasers will be available or that the prices they are willing to pay will remain stable.