Validity and Term Clause Samples
The 'Validity and Term' clause defines the duration for which an agreement remains in effect and specifies when it begins and ends. Typically, this clause outlines the start date of the contract, the length of its validity (such as a fixed term or until a certain event occurs), and any conditions for renewal or extension. By clearly establishing the timeframe of the parties' obligations, this clause ensures both sides understand their commitments and helps prevent disputes over when the agreement is active or has expired.
Validity and Term. This Agreement shall be executed and come into effect on the date first written above.
Validity and Term. 3.1 This Agreement shall come into effect from the date when it is entered into by the Parties, and the Right of Pledge shall come into effect from the date when the Pledge is duly registered with the Administration for Industry and Commerce.
3.2 In the event that the Company fails to pay the service fees or to perform any other provisions under the Exclusive Technology Framework Agreement, or fails to perform any provision under the Business Operations Agreement or the Option Agreement in the pledge period, Party A is entitled to exercise the Right of Pledge in accordance with this Agreement after giving reasonable notice.
Validity and Term. 1. This Agreement shall take effect as of the date of signing by all Parties.
2. This Agreement shall remain in effect during Party C’s duration and the renewable period stipulated by laws of China. It shall automatically terminate after WFOE and/or other entities designated by WFOE fully exercise all their rights and interests directly held by Beijing Qibutianxia in [Short Name of VIE] under the Exclusive Option Agreement. Party A may unilaterally terminate this Agreement after thirty (30) days’ notice. Unless otherwise stipulated by law, Party B or Party C shall have no right to unilaterally rescind or terminate this Agreement under any circumstances.
Validity and Term. 1. The Agreement will take effect as of the date first written above after sealed by Party A, Party B and Party D and signed by Party C.
2. Unless Party A early revokes the Agreement, the Agreement is valid for ten years, commencing from the effectiveness date hereof. Before the expiration hereof, the parties shall extend the term of the Agreement as required by Party A at the request of Party A and as required by Party A, separately sign the Business Agreement or continue performing the Agreement.
Validity and Term. 12.1 This agreement shall take effect after both Parties sign and affix seals on the agreement.
12.2 This agreement shall be effective until the employment relationship between both Parties is terminated. However, during the one year after the termination of this agreement, any confidential information of Party A known to Party B before the termination of the agreement shall be handled according to this agreement. Meanwhile, the articles which are agreed to survive the termination of the employment relationship between both Parties shall remain binding upon the Parties.
12.3 The agreement shall be executed in two counterparts and one counterpart shall be retained by each party. The two counterparts shall have equal validity and legal effect. Party A: China Finance Online Co., Ltd. /s/ COMPANY SEAL /s/ Jun Ning _____________________________ (Authorized representative) Date: April 1, 2004
Validity and Term. 5.1 The Agreement shall take effect as of the date of signing, and be valid until the Parties terminate the Agreement in writing, or all the equity of the Target Company held by shareholders has been legally and effectively transferred to Baina Zhiyuan (Beijing) and/or any person designated by it (i.e. all the equity of the Target Company has been registered in the name of Baina Zhiyuan (Beijing) and/or any person designated by it at relevant administration for industry and commerce), or all assets of the Target Company have been legally and effectively transferred to Baina Zhiyuan (Beijing) and/or the Designated Person. Once the Agreement takes effect, it shall be irrevocable. Notwithstanding the aforesaid provision and Article 6 below, Baina Zhiyuan (Beijing) shall always have the right to send a written notice of cancellation of the Agreement to the Target Company and Shareholders at any time 30 days in advance, and does not need to bear the liability for breach of the Agreement arising from the unilateral cancellation of the Agreement.
5.2 The Parties shall handle examination, approval and registration formalities of the extension of operation term within 3 months before expiry of the operation term (if any) in order to ensure the continuity of the validity period hereof.
Validity and Term. This Agreement comes to effect on the date first written above when it is entered into.
Validity and Term. The Purchaser should not be liable for:
3.1 Any Order unless issued on the Purchaser’s official Purchase Order form, with a Purchase Order Number.
3.2 Any addition or alteration to any Order unless confirmed by the Purchaser in writing. The term of the services and/or supply of goods shall be written on the Order.
Validity and Term. 5.1 This Agreement shall take effect as of being duly executed by the Parties.
5.2 Unless Party A exercises its exclusive option under the Exclusive Option and Equity Custody Agreement and becomes the sole shareholder of Party B after completing the relevant industrial and commercial change registration, or Party A terminates this Agreement early according to the relevant provisions hereof, this Agreement shall remain in force for the duration of the existence of Party A and Party B and for the period of their renewal according to the PRC laws and regulations. If, during the validity period of this Agreement, the term of operation of either Party expires, such Party shall renew its term of operation (if applicable) in a timely manner so that this Agreement can remain valid and enforceable.
Validity and Term. This Agreement shall be effective from the date of execution by the Parties to the date when either Party no longer holds, directly or indirectly, equity interests in the Company with the consent of the other Party, or when this Agreement is terminated or the Period of Concerted Action provided herein expires and the Parties agree not to renew this Agreement.