Own resources Clause Samples
The 'Own resources' clause establishes that each party is responsible for providing and utilizing its own personnel, equipment, and materials necessary to fulfill its obligations under the agreement. In practice, this means that neither party can demand the other to supply additional resources or support beyond what is explicitly agreed upon, and each must ensure they have adequate means to perform their duties. This clause helps prevent disputes over resource allocation and clarifies that the burden of resourcing lies with each party individually, ensuring clear boundaries and expectations.
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Own resources. “EU leaders agreed to provide the EU with new resources to pay back funds raised under Next Generation EU. They agreed on a new plastic levy that will be introduced in 2021. In the same year the Commission is expected to put forward a proposal for a carbon adjustment measure and a digital levy, both of which would be introduced by the end of 2022”.
Own resources. The User undertakes to use only his/her own funds to carry out transactions (purchase of the Product, etc.). Furthermore, the User undertakes that when using the Platform and the Application, he/she will always act in his/her own name, on his/her own account and will not act for any person other than himself/herself.