Release from contracts Sample Clauses
A Release from Contracts clause allows one or more parties to be formally freed from their obligations under an agreement. In practice, this clause may specify the conditions or events—such as mutual consent, fulfillment of certain requirements, or payment of a release fee—under which the release becomes effective. Its core function is to provide a clear legal mechanism for ending contractual duties, thereby preventing future disputes and ensuring that all parties understand when and how their commitments are discharged.
Release from contracts. An employee under contract (basic District Employee Contract and Separate Contract) for the following year shall be released from the obligations of the contracts upon request under the following conditions:
1. A letter of resignation submitted prior to July 1 to the Human Resources Office;
2. Illness or other personal matters which make it impossible for the employee to continue in the District.
Release from contracts. Before the Closing Date, Seller shall have provided evidence reasonably satisfactory to Buyer that on the Closing Date:
(a) Buyer will not be subject to any property management agreements or other service contracts applicable to the Property, except as approved in writing by Buyer; and (b) the Existing Lease shall be terminated. Such evidence reasonably required by Buyer may include a specific release by the parties to such agreements releasing Buyer and the Property from any and all claims.
Release from contracts. Seller shall have provided Buyer with copies of the termination notices sent by Seller to terminate the Terminable Contracts. Any one or more of the foregoing Buyer’s Conditions may be waived by Buyer on or before the Closing Date, but no such waiver is effective unless specifically contained in a written instrument executed by Buyer and delivered to Seller or Escrow Holder. No waiver may be implied from any act or omission of Buyer nor may a waiver of any one item constitute a waiver of any other item.