Partics definition
Examples of Partics in a sentence
This Agreement shall enter into force thirty (30) days after the date on which the Contracting Partics have exchanged written notifications informing each other that the procedures required by their respective constitutional requirements for its entry in to force have been completed.
Both Partics acknowledge and agree that the contracted services rnay be provided to any cntity of the Executive Branch with which the Authority subscribes an intcragency agreement or by dircct disposition ofthe Office ofthe Chief ofStaffofthe Governor ofPuerto Rico; provided, that the provision ofservices by thc Consultan! to such entity does not pose a conflict that would prevent the Consultanl from providing legal services to such entity.
Based on the identical will of both Parties, the present Agreement terminates and fully replaces the "Partnershíp Agreement for the implementation of the Project Developing the universíties third r onsibility; Technology transfer to ▇▇▇▇▇▇ Innovation ", which was concluded between the Partics on 14 July 2021.
Partics acknowledge that thc Faculty is an obligated subject u11der tbe Act 110.
Any dispute relating to the conclusion, validity, interpretation or performance of this Agrcement shall be resolved amicably through consultation between the Partics.
Accordingly, the Partics agree that the application ofthis Agreement is without prejudice to the status ofthosc areas.
All or any disputes arising out or touching upon or in relation to thc terms and conditions of this Agreement including the interpretation and validity of the terms thereof and the respective rights and obligations of the Partics, shall be settled amicably by mutual discussion, failing which the same shall be settled under the Arbitration and Conciliation Act.
The Partics agrec that any dispute, claim or controversy directly or indirectly relating to or arising out ofthis Agreement, the termination or validity ofthis Agreement, any allegcd breach oftllis Agreement, the engagement contemplated by this Agreement or the determination of the scope of applicability of this Agreement shall be brought only in the Courts ofFirst Instance ofthe Commonwealth ofPuerto Rico or in the United Statcs District Court for the District of Puerto Rico.