Rights and Permits Clause Samples
The 'Rights and Permits' clause establishes the obligation for parties to obtain and maintain all necessary legal rights, licenses, and permits required to perform their contractual duties. In practice, this means that each party must ensure they have secured any governmental or third-party authorizations needed for their activities, such as environmental permits, intellectual property licenses, or regulatory approvals. This clause helps prevent legal or regulatory violations by clarifying responsibility, thereby reducing the risk of project delays or penalties due to missing permissions.
Rights and Permits maintain in force all rights of way or use and all permits necessary for the execution and operation of the Project; and
Rights and Permits maintain in force all rights of way or use and all Authorisations necessary for the execution and operation of the Project and each individual Scheme, and inform the Bank accordingly upon the request of the Bank;