JMA definition
Examples of JMA in a sentence
The JMA is the whole agreement between the parties and overrides any prior agreement, or any other promise, between the parties.
If a party who discloses information relating to the JMA advises the other parties that the information is confidential, then the information is not to be disclosed by any of the other parties, except if permitted by the JMA or by law.
The parties may vary the JMA by a Deed of Variation, a simple document that says which parts of the JMA will be amended and which parts will stay the same.
Throughout this Joint Management Agreement (JMA) there are words and terms that have specific meanings, which are explained in this clause.
Until the Event of Default is remedied or no longer exists, the non-defaulting party will be excused from its obligations under the JMA and the defaulting party's rights will be suspended.
The CEO must arrange the first meeting of the JMB within 60 days of the signing of the JMA and is responsible for convening further meetings.
Before making a permitted disclosure, the receiving party must inform the person who will receive the information that there are confidentiality obligations under the JMA.
While a dispute is being dealt with, the JMB shall continue to perform its obligations under the JMA so far as possible, and this will not have any effect on the final decision on the dispute.
The parties must make sure that the Members of the JMB perform their roles and comply with their obligations under the JMA and the CALM Act, and that the required number of Representative Members nominated by each party are present at every meeting of the JMB.
If any part of the JMA cannot be enforced or is illegal, then that part will be removed to make the rest of the clause or section valid and enforceable.