Common use of Objective and Duration Clause in Contracts

Objective and Duration. 2.01 The objective of the teaming hereunder shall be to cooperate in preparing and submitting a proposal in an attempt to obtain the award of a contract for the Project resulting from the RFP. 2.02 The Parties agree that [Company Name] will prepare data required for any proposals, integrate the data furnished by Subcontractor, and submit the proposal as prime contractor with [name of subcontractor] identified in the proposal as the subcontractor to provide the following services: (See Attachment B) 2.03 The duration of this Agreement shall be from the effective date hereof until the occurrence of the earliest of the following events (subject, however, to the provisions of ▇▇▇▇▇▇▇▇▇ ▇.▇, ▇▇▇▇▇▇▇▇▇▇ A hereto): a) Cancellation of the RFP by the Government. b) A decision by [Company Name] not to submit a proposal in response to the RFP after a review of the released RFP by [Company Name]. However, [Company Name] shall notify [name of subcontractor] of its decision not to submit a bid not later than three (3) days after release of the RFP by the Government. c) The RFP is amended such that the services described in Paragraph 2.02, above, are no longer required by the final RFP. d) Award to another contractor or contractor team of a contract resulting from the RFP, provided that award is not otherwise overturned by a protest. e) The award to [Company Name] of a contract resulting from the RFP, and the execution by the Parties of a mutually acceptable subcontract with Subcontractor for its performance responsibilities in the Project. f) The failure or inability of Subcontractor to provide the services outlined in Attachment B at the competitive prices anticipated by this agreement. Prices shall be established by the most recent price proposal submitted by Subcontractor to [Company Name]. g) The failure or inability of Subcontractor to provide the support as outlined in Section III. PROPOSAL PREPARATION of this agreement. h) Mutual consent of the Parties to terminate this Agreement. i) Bankruptcy or insolvency of either party. j) Lapse of 24 months from the effective date of this agreement, unless the procurement is still open. k) The indictment, suspension, or debarment by the Government of either party. l) A Receiver, Trustee in Bankruptcy, or other Custodian of the property or assets of a party hereto is appointed, or if either party hereto commits an act of bankruptcy or is adjudicated bankrupt or insolvent. m) During the term hereof it is determined that either party may be ineligible for award due to an Organizational Conflict of Interest. n) Refusal by the Government to consent to the selection of Subcontractor or the issuance of a subcontract for the identified effort to Subcontractor or direction by the Government to select someone other than Subcontractor for performance of effort identified as Subcontractor’s responsibility in the proposal, provided that there has been a good faith effort by [Company Name] to gain approval of Subcontractor; Subcontractor shall be afforded a reasonable opportunity to appeal the Government’s decision directly to the Government.

Objective and Duration. 2.01 The objective of the teaming hereunder shall be to cooperate in preparing and submitting a proposal in an attempt to obtain the award of a contract for the Project resulting from the RFPRFQ. 2.02 The Parties agree that [Your Company Name] will prepare data required for any proposals, integrate the data furnished by Subcontractor, and submit the proposal as prime contractor with [name of subcontractor] XXXXX identified in the proposal as the subcontractor to provide the following services: (See Attachment B) 2.03 The duration of this Agreement shall be from the effective date hereof until the occurrence of the earliest of the following events (subject, however, to the provisions of ▇▇▇▇▇▇▇▇▇ ▇.▇, ▇▇▇▇▇▇▇▇▇▇ A hereto): a) Cancellation of the RFP RFQ by the Government. b) A decision by [Your Company Name] not to submit a proposal in response to the RFP RFQ after a review of the released RFP RFQ by [Your Company Name]. However, [Company Name] shall notify [name of subcontractor] of its decision not to submit a bid not later than three (3) days after release of the RFP by the Government. c) The RFP RFQ is amended such that the services described in Paragraph 2.02, above, are no longer required by the final RFPRFQ. d) Award to another contractor or contractor team of a contract resulting from the RFPRFQ, provided that award is not otherwise overturned by a protest. e) The award to [Your Company Name] of a contract resulting from the RFPRFQ, and the execution by the Parties of a mutually acceptable subcontract with Subcontractor for its performance responsibilities in the Project. f) The failure or inability of Subcontractor to provide the services outlined in Attachment B at the competitive prices anticipated by this agreement. Prices shall be established by the most recent price proposal submitted by Subcontractor to [Company Name]. g) The failure or inability of Subcontractor to provide the support as outlined in Section III. PROPOSAL PREPARATION of this agreement. h) Mutual consent of the Parties to terminate this Agreement. i) Bankruptcy or insolvency of either party. j) Lapse of 24 months from the effective date of this agreement, unless the procurement is still open. k) The indictment, suspension, or debarment by the Government of either party. l) A Receiver, Trustee in Bankruptcy, or other Custodian of the property or assets of a party hereto is appointed, or if either party hereto commits an act of bankruptcy or is adjudicated bankrupt or insolvent. m) During the term hereof it is determined that either party may be ineligible for award due to an Organizational Conflict of Interest. n) Refusal by the Government to consent to the selection of Subcontractor or the issuance of a subcontract for the identified effort to Subcontractor or direction by the Government to select someone other than Subcontractor for performance of effort identified as Subcontractor’s responsibility in the proposal, provided that there has been a good faith effort by [Your Company Name] to gain approval of Subcontractor; Subcontractor shall be afforded a reasonable opportunity to appeal the Government’s decision directly to the Governmentdecision.