NL 01 E definition
NL 01 E means the General Conditions for the supply of Machinery and other Mechanical, Electrical and Electronic Equipment, NL 01 E, attached as Sub Annex A;
NL 01 E terms; Appendix 7) shall be the applied to this Agreement. 8TERM AND TERMINATION The term of this Agreement (the “Term”) shall begin on the [day] [month] 2017 and this Agreement shall initially be in force for a fixed period of one (1) year (“Fixed Period”). The termination of the Agreement at the end of the Fixed Period requires a written notice from one of the Parties to the other Party no later than three (3) months prior to the ending of the Fixed Period. Unless one of the Parties terminates the Agreement as described above, this Agreement shall continue to be in force after the Fixed Period until further notice with a notice period of three (3) months. Either Party may terminate this Agreement with immediate effect if the other Party: materially breaches its obligations under this Agreement and fails to correct such breach within thirty (30) days after receipt of a notice of breach; or becomes insolvent, determined by a court to be bankrupt, or becomes subject to similar bankruptcy or reorganization proceedings under relevant applicable law. 9CONFIDENTIALITY By virtue of this Agreement both Parties may receive or become aware of confidential information relating to, for example but not limited to, the other Party, its business, business plans, customers, affairs or activities (“Confidential Information”). During the Term of this Agreement and thereafter the Parties undertake not to directly or indirectly disclose, divulge or make unauthorized use of any Confidential Information, except to the extent to which such confidential information: is publicly known at the time of its disclosure or being made available to it; after such disclosure or being made available to them, becomes publicly known otherwise than through a breach of this provision; is required by law, regulation or order of a competent authority to be disclosed by the Party in question. Upon request from the other Party or the termination of this Agreement, each Party shall return to the other or destroy all documents or records in any medium or format containing any Confidential Information that are in its possession or control and shall not retain any copies of them. The confidentiality obligation accordant with this Chapter 9 shall remain to be in force regardless of the termination of this Agreement for any reason. 10OTHER PROVISIONS
Examples of NL 01 E in a sentence
The Supplier’s liability for defects in any of the Products shall be accordant with the Supplier’s warranty set out in Chapter 4 of this Agreement and in the NL 01 E -terms.
If the delay is a consequence of the seller’s error, the buyer will be entitled to compensation for direct losses in accordance with the NL 01 E terms.
In the event of any discrepancy between this Agreement and its appendices such documents shall be applicable in the following order of priority: this Agreement; NL 01 E -terms; and Products, pricing and payment terms.