Restitutions Clause Samples
The Restitutions clause outlines the process by which parties must return or compensate for benefits, property, or payments received if a contract is terminated or found to be invalid. In practice, this means that if one party has delivered goods, services, or funds under the agreement, and the contract is later voided or cancelled, those items or their value must be restored to the original provider. This clause ensures fairness by preventing unjust enrichment and restoring both parties to their original positions as much as possible.
Restitutions. In addition to the compulsory restitution on the remaining areas of one (or more) Discovery Assessment Plan or one (or more) Development Areas, the Concessionaire may do, at any time, during the exploration phase, voluntary restitutions of areas part of the Concession Area.
Restitutions. In addition to the compulsory restitutions on the remaining areas of one or more Discovery Evaluation Plans or one or more Development Areas, the Consortium Members may make, at any time during the Exploration Phase, voluntary restitutions of areas part of the Contract Area. The restitutions shall not remit the Consortium Members from the obligation of compliance with the Minimum Exploratory Program. Once the Exploration Phase is completed, the Consortium Members may hold only the Development Areas as Contract Area.
Restitutions. Upon expiration of his notice period, Mr. Coque shall, without prior formal notice, return to the Company: – the company car, brand: Jaguar XJ8 Sovereign — model: V8 4.2 BA, which was placed at his disposal as provided in his Employment contract, together with all related documents and accessories (registration papers, insurance certificate, keys, tickets if applicable, etc.); – the company car, brand: Jaguar Sovereign — model: V8 3.2 BVA, which was placed at his disposal as provided in his Employment contract, together with all related documents and accessories (registration papers, insurance certificate, keys, tickets if applicable, etc.); – an additional car, brand: Peugeot 207 — model: 1.6 EXE PK, which was placed at his disposal as provided in his Employment contract, together with all related documents and accessories (registration papers, insurance certificate, keys, tickets if applicable, etc.). Since Mr. Coque was exempted from accomplishing his notice period requirement, the Company will not be held accountable for fees arising from the usage of these vehicles concerning tolls and car park. The Company will nonetheless be held accountable for reasonable gas expenses for the two company cars.
Restitutions. Baltacioglu accepts restitution of ordered products only against written request of authorisation and within 1 (one) month from the date of invoice. In any case, the corresponding amount cannot exceed 10% of the whole order. And the Product cannot be used or mounted. Unsold goods for more than one year can be replaced by other goods of same amount, under written request to Baltacioglu. In both cases freight charges are paid by the Distributor.
Restitutions. 1. In the event that a member uses this service to cause another member or third party to suffer damages, this member must settle this matter at their own expense and not cause damage to this firm.
2. In the event that a member takes actions that violate this agreement, are inappropriate or against the law and so causes this firm to suffer damages, this firm reserves the right to seek restitution from this member.
Restitutions. DINET accepts restitution of ordered products only against written request of authorisation and within 1 (one) month from the date of invoice. In any case, the corresponding amount cannot exceed 10% of the whole order. Unsold goods for more than one year can be replaced by other goods of same amount, under written request to DINET. In both cases freight charges are paid by the DISTRIBUTOR.
Restitutions. Each Party undertakes to return any document or other Confidential Information support received from the other Party within three (3) weeks after a simple written request of the other Party, without being able to keep a copy. To the extent that such restitution cannot be made, the recipient of the Confidential Information shall address to the other Party a document certifying the destruction of all the Confidential Information in any form whatsoever. However, the Parties that have received the Confidential Information will have the right to keep it in compliance with the current legislation and according to the strict minimum requirements.