Agreement on Terms Clause Samples
The Agreement on Terms clause establishes that both parties have reviewed, understood, and consented to the terms and conditions set forth in the contract. Typically, this clause confirms that the parties have had the opportunity to negotiate or seek clarification on any provisions and that their acceptance is informed and voluntary. Its core practical function is to ensure mutual understanding and to prevent disputes over whether the contract terms were agreed upon, thereby providing a clear foundation for the contractual relationship.
Agreement on Terms. If the Parties agree upon mutually acceptable terms and conditions pursuant to Section 2.1.7(a) or Section 2.1.7(b), the Parties shall enter into a written amendment to this Agreement modifying the license granted to Codexis as appropriate to include the relevant rights and applicable chemicals. Neither Party shall be obligated to accept or agree to such terms or conditions, or to enter into any agreement regarding such expanded license rights. If MUS and Codexis do not agree upon mutually acceptable terms and conditions within the applicable time period above, Codexis shall have no right or license to use the Enabling Technology outside the then-existing Codexis Field.
Agreement on Terms. The specific terms, costs, and timelines for third-party integrations will be defined in a separate written agreement, which must be mutually agreed upon by both parties before any work on the integration begins.
Agreement on Terms. Lessor and Lessee, at either's request, shall promptly execute and exchange an appropriate agreement evidencing the extension of the Original Term for the Option Period and the terms thereof in a form reasonably satisfactory to both parties, but no such agreement shall be necessary in order to make the provisions hereof effective.
Agreement on Terms. The Parties shall negotiate in good faith to agree upon the adjustments set forth in the Change Order Proposal. No changes to the product specifications or other terms shall be implemented by Optimi unless and until both parties have mutually agreed to the terms of the Change Order Proposal in writing ("Change Order"). The Change Order shall become an amendment to this Agreement and shall supersede any conflicting provisions in this Agreement.