Term Validity Clause Samples

The Term Validity clause defines the duration for which an agreement or contract remains in effect. It typically specifies the start and end dates of the contract, or the conditions under which the agreement will continue or expire. For example, it may state that the contract is valid for one year from the signing date or until a particular project is completed. This clause ensures both parties are clear about the period of their obligations, preventing misunderstandings about when the agreement is active or when it can be terminated.
Term Validity. If any provision of this Agreement is held to be illegal, invalid or unenforceable under any applicable law, then such provision will be deemed to be modified to the minimum extent necessary to render it legal, valid and enforceable; and if such provision cannot be so modified, then this Agreement will be construed as if not containing the provision held to be invalid, and the rights and obligations of the parties will be construed and enforced accordingly. In the event of any conflict between the terms and conditions of this Agreement and the Plan, the provisions of the Plan shall control.
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Term Validity. This Agreement shall become effective upon signature and shall be valid for an indefinite period. Either Partner may terminate this Agreement via registered letter with 3 months' notice to the end of a calendar year. The provisions of this Agreement shall continue to apply to any supply contract already concluded at the time of termination. The termination of this Agreement does not imply the automatic termination of any existing sup- ply contract. The termination of any existing supply contract does not automatically terminate this Agreement. The right to terminate this Agreement and the respective supply contracts without notice for good cause (e.g. in the event of a breach of duties of care and notification or failure to comply with the Contractor's duties of cooperation under this Agreement) remains unaffected.
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Term Validity. 1. This MOU shall automatically renew annually for a period of seven (7)-years. 2. The “SportUnleash Summary Reports” will be provided free of charge (FOC) to the School annually for the said period of Seven (7) years. 3. This MOU shall not take effect until the school signs Annex B hereto, “Release & Waiver Form”. 4. The School will evaluate all their ten-year-old students annually and provide the data throughout the term of this MOU. 5. Either party may terminate this MOU during the said seven-year period by giving the other party three (3) months written notice in advance. SportUnleash and the School shall complete for either party all pending commitments at the date of receipt of notice of termination.
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Term Validity. The present agreement shall come into effect upon signing and be concluded for an indefinite period. It can be terminated to the end of a calendar year by either contracting party by registered letter. However, such termi- nation shall only apply to products not yet agreed with legal binding between the contracting parties at the time of the termination. Termination of the present agreement shall not automatically result in termination of any delivery contracts which may exist. Termination of any delivery contracts which may exist shall not automatically result in the termination of the present agreement.
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Related to Term Validity

  • Continued Validity A holder of shares of Common Stock issued upon the exercise of this Warrant, in whole or in part (other than a holder who acquires such shares after the same have been publicly sold pursuant to a Registration Statement under the Securities Act or sold pursuant to Rule 144 thereunder), shall continue to be entitled with respect to such shares to all rights to which it would have been entitled as Holder under Sections 9, 10 and 14 of this Warrant. The Company will, at the time of exercise of this Warrant, in whole or in part, upon the request of Holder, acknowledge in writing, in form reasonably satisfactory to Holder, its continuing obligation to afford Holder all such rights; provided, however, that if Holder shall fail to make any such request, such failure shall not affect the continuing obligation of the Company to afford to Holder all such rights.

  • Patent Validity Any dispute regarding the validity of any Licensed Patent shall be litigated in the courts located in Santa ▇▇▇▇▇ County, California, and the parties agree not to challenge personal jurisdiction in that forum.

  • Governing Law; Validity The interpretation, construction and performance of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Illinois without regard to the principle of conflicts of laws. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement, which other provisions shall remain in full force and effect.

  • Legal validity Subject to any general principles of law limiting its obligations and referred to in any legal opinion required under this Agreement, each Finance Document to which it is a party is its legally binding, valid and enforceable obligation.

  • CONTINUING VALIDITY Borrower understands and agrees that in modifying the existing Obligations, Bank is relying upon Borrower’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Loan Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Bank’s agreement to modifications to the existing Obligations pursuant to this Loan Modification Agreement in no way shall obligate Bank to make any future modifications to the Obligations. Nothing in this Loan Modification Agreement shall constitute a satisfaction of the Obligations. It is the intention of Bank and Borrower to retain as liable parties all makers of Existing Loan Documents, unless the party is expressly released by Bank in writing. No maker will be released by virtue of this Loan Modification Agreement.