RELEVANT TIME Sample Clauses

The 'Relevant Time' clause defines the specific point or period during which certain rights, obligations, or conditions under the contract become effective or are measured. In practice, this clause might specify that a party’s liability, a deadline for performance, or the calculation of damages is determined based on the status or events as of a particular date or time. By clearly establishing when contractual provisions apply, the clause ensures clarity and prevents disputes over timing, thereby allocating risk and responsibility appropriately between the parties.