Specific purpose or purposes Clause Samples
The 'Specific purpose or purposes' clause defines the exact objectives or intended uses for which an agreement, asset, or service is provided. In practice, this clause outlines the permitted activities or applications, such as restricting the use of confidential information to a particular project or limiting a license to certain fields of use. By clearly stating these boundaries, the clause helps prevent misuse or unauthorized activities, ensuring that all parties understand and adhere to the agreed-upon scope.
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Specific purpose or purposes. The statement of the purpose has its principal function the affirmative authorization of the management to enter into those contracts and business transactions which may be considered as incidental to its attainment of the purposes. It also imposes implied limitations of their authority by the exclusion of lines of activity which are not covered.
