PURPOSE OF THE AGREEMENT Clause Samples

The "Purpose of the Agreement" clause defines the main objective and intent behind the contract, outlining what the parties aim to achieve through their relationship. Typically, this section specifies the nature of the business arrangement, such as providing services, selling goods, or forming a partnership, and may reference the scope or limitations of the agreement. By clearly stating the agreement's purpose, this clause helps prevent misunderstandings and disputes by ensuring both parties have a shared understanding of their commitments and the contract's intended outcomes.
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PURPOSE OF THE AGREEMENT. The purpose of this Agreement is to define the terms and conditions governing collaboration between UNESCO and the Government and also the rights and obligations stemming therefrom for the Parties.
PURPOSE OF THE AGREEMENT. 3.1 The purpose of this Agreement is to authorize the Parties to charter and exchange space on one another’s vessels and to rationalize, coordinate and cooperate with respect to the Parties’ transportation services and operations in order to improve efficiency, save costs, and provide premium service to the shipping public in the Trade.
PURPOSE OF THE AGREEMENT. The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).
PURPOSE OF THE AGREEMENT. The purpose of this Agreement is to establish a Traditional IRA under Code Section 408(a) or a ▇▇▇▇ ▇▇▇ under Code Section 408A, as indicated on the Adoption Agreement, to provide for the IRA Owner’s retirement and for the support of his or her Beneficiary(ies) after death. The account is established for the exclusive benefit of the IRA Owner or his or her Beneficiary(ies). If this is an inherited IRA within the meaning of Code Section 408(d)(3)(C) maintained for the benefit of a Designated Beneficiary of a deceased individual, references in this document to the “IRA Owner” are to the deceased individual.
PURPOSE OF THE AGREEMENT. 1. It is the purpose of this Collective Agreement: a) To set forth terms and conditions relating to employment, remuneration and benefits. b) To maintain a harmonious relationship between the Association and the Board by providing amicable means for settling differences which may arise between them from time to time. c) To encourage the efficient and responsible conduct of the life and work of the University. d) To ▇▇▇▇▇▇ a working environment which motivates Members to achieve the objects and purposes of the University.
PURPOSE OF THE AGREEMENT. 1. The Owner, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, is the owner of real property located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ and identified as ▇▇▇▇▇▇▇▇▇▇ County tax map 145, parcels 1. The property contains approximately 25.22 acres +/-, (hereinafter the “Project Site”). The Project Site is currently zoned & CC (Community Commercial). 2. The Developer/Owner desires to improve and develop the Project Site or a portion of the Project Site into a development to be known as ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ Development, (hereinafter the “Project”), under the ordinances, rules, and regulations of the Town. 3. This Agreement is subject to the Town’s final approval of the required Project plans/documents for the Project, which include, but are not limited to: annexations, rezonings, site plans, and/or plat approvals (with conditions as determined by the Town); detailed construction plans and specifications, in accordance with the Town’s charter, ordinances, rules, regulations, and policies, applicable sureties, applicable permits, (hereinafter referred to as “Town Regulations”) as well as Federal and State law.. 4. The Developer/Owner and Town agree that all necessary project documents, as determined and required by the Town Staff for the purpose of determining wastewater capacity and as required for the engineer letter of findings (ELF), shall be attached to this Agreement as Collective Exhibit “A” and incorporated herein by reference. 5. This Agreement is pursuant to Ordinance No. 2020-007 / Town Code 18-301 thru 18-307, along with the engineer review and the engineer letter of findings (ELF) generated from the review related to the wastewater system capacity reservation dated January 28, 2022. Developer/Owner agrees, acknowledges, and confirms the receipt of the engineer review letter and the findings dated January 28, 2022, which is attached hereto and incorporated herein by reference, as Exhibit “B”. 6. The Developer/Owner agrees, acknowledges, and accepts the terms of the engineer letter of findings (ELF) related to the wastewater system capacity reservation pertaining to the Project, as submitted by the Developer/Owner. Developer/Owner, by agreeing, acknowledging, and accepting the terms of the engineer letter of findings, along with the requirements of the submission of the necessary project documents and compliance with Ordinance No. 2020-007 / Town Code 18-301 thru 18-307, and other applicable codes and ordinances, does reserve capacity pursuant to and subject to the engineer letter of findings (ELF) i...
PURPOSE OF THE AGREEMENT. It is the intent of the parties and the purpose of this Agreement to maintain mutually satisfactory relationships by setting forth terms and conditions of employment and to provide a procedure for the equitable settlement of grievances between the parties.
PURPOSE OF THE AGREEMENT. In order to cause the Project to occur and to induce Developer to undertake the Project, to promote community development, industry and job creation and to expand and enhance the tax base within the City, the City intends to provide the TIF Incentives as set forth in this Agreement. The City intends to recover its costs through the Available Tax Increment generated by the Property. The parties intend to enter into this Agreement to record the understandings and undertakings of the parties and to provide a framework within which the Project may proceed.
PURPOSE OF THE AGREEMENT. 1.01 The purpose of this agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Institute, to set forth certain terms and conditions of employment relating to remuneration, hours of work, employee benefits and general working conditions affecting employees covered by this Agreement.
PURPOSE OF THE AGREEMENT. This Agreement governs the host organization’s relationship with the educational institution and the intern.