Bound Parties definition
Examples of Bound Parties in a sentence
Summit Homes and Summit Blue Silverthorne, LLC are Bound Parties who agree to resolve all disputes arising under this Limited Warranty or involving construction of the Unit through negotiation and mediation as provided in Sections 14.1 and 14.2 of the Declaration of Covenants, Conditions & Restrictions.
Franchisee and the other Bound Parties expressly acknowledge that they possess skills and abilities of a general nature and have other opportunities for exploiting such skills.
Franchisee and the Bound Parties agree not to bring any claim asserting that any of the Marks are generic or otherwise invalid.
Franchisee and the Bound Parties agree that the shareholders, directors, officers, employees, and agents of Franchisor and its affiliates shall not be personally liable nor named as a party in any action between Franchisor and Franchisee or any Bound Party; provided that this shall not preclude claims Franchisee has directly against an Area Director.
Any such Confidential Information shall not be used by the Members, the Bound Parties and the Recipients or disclosed by the Members, the Bound Parties and the Recipients to other Persons, except as set forth in Section 3.9(a) unless such Member, Bound Party or Recipient and the Company enter into an agreement for such use of the Confidential Information, on terms reasonably agreed to by the parties.
Each Member shall be responsible for any breach of this Section 3.9 by any of its Bound Parties.
The notice, if given in the manner provided herein, shall be presumed to have been given, whether or not the Holder receives such notice.
Franchisor, Franchisee, and the Bound Parties each waive their right to a trial by jury.
Franchisee, the Bound Parties, and Franchisor acknowledge that the parties' waiver of jury trial rights provides the parties with the mutual benefit of uniform interpretation of this Agreement and resolution of any dispute arising out of this Agreement or any aspect of the parties' relationship.
Franchisor reserves the right to require that Franchisee cause each of its Bound Parties and Designated Managers (and, if applicable, the spouse of a Designated Manager) to execute a Nondisclosure and Noncompetition Agreement containing the above restrictions in a form approved by Franchisor.