PROJECT CLOSING Clause Samples
The Project Closing clause defines the procedures and requirements for formally concluding a project. It typically outlines the steps necessary for final deliverable acceptance, completion of outstanding obligations, and the resolution of any remaining payments or documentation. For example, it may require a final project report, sign-off from both parties, and the return of any borrowed materials. This clause ensures that both parties have a clear understanding of when and how the project officially ends, helping to prevent disputes and ensuring all contractual responsibilities are fulfilled.
PROJECT CLOSING. Project closing is subject to following conditions: • The system has been manufactured according to the scope. • All documents as specified in scope have been delivered. • All training as specified in scope have been performed. • The system is installed at IUMC’s premises and successfully tested during SAT with a maximum number of 5 defects of type “Minor” and no defects of type “Major” or “Critical”. The system is ready to demonstrate with the specified functionality. For avoidance of doubt, the Project includes no “Key Milestones” as such term is defined in the Agreement.
PROJECT CLOSING. Contractor shall officially close the project and conduct a Lessons Learned Session. A project signoff sheet will be presented and executed within seven days. The launch of the next project may not proceed without project acceptance and closing.
PROJECT CLOSING. This comprises ensuring all required project documentation is complete, all scope of work requirements have been met satisfactorily, and the final project deliverables have been submitted to SFDPH and approved as complete.
PROJECT CLOSING. CONDITIONS PRECEDENT TO CLOSING; CONVEYANCE -------------------------------------------
4.1 Purchaser's Condition Precedent. Purchaser's obligations to close the purchase of the Property shall be conditioned upon the following conditions precedent: