CAN Purchase a Release Sample Clauses

The 'CAN Purchase a Release' clause allows a party to obtain a formal release from certain obligations or liabilities by making a specified payment or fulfilling particular conditions. In practice, this means that if a party wishes to exit a contract or be freed from specific duties, they can do so by paying an agreed-upon sum or meeting set criteria outlined in the agreement. This clause provides a clear, structured mechanism for parties to limit their ongoing responsibilities, thereby offering flexibility and reducing potential disputes over future obligations.
CAN Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of [AMOUNT (IN WORDS)] ($[AMOUNT (NUMERICALLY)]) as payment to the Owner.
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CAN Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of US Dollars ($ ) as payment to the Owner.
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CAN Purchase a Release. The Employee has the option, during the Term or any period thereafter, to purchase and waive all liability of the Non-Compete and this Agreement for the sum of $ as payment to the Employer.
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CAN Purchase a Release. If the Company or Owner requiring the non-compete agreement to be placed in effect is willing to allow the Recipient to purchase a release from the conditions it places, then the second checkbox statement that is presented in Article V must be selected. After making this selection, you must produce the requirements and cost the Recipient must meet to purchase a release from liability for any non-competition behavior (defined by this agreement) that he or she may or will engage in. VI. Confidential Information (28) Releasing Information. Much of this agreement has focused on the potentially competitive behavior of its Recipient and the control the Owner wishes imposed to prevent the Recipient from contributing to, engaging in, or causing unfair competition on the market. The topic of sensitive information such as the Company or Owner’s intellectual property, trade secrets, proprietary information, and other confidential data should be addressed. If this agreement only pertains to practices and relationships that would cause unfair competition on the market and will not impose any restrictions on the dispersion of the Owner’s information, then select the first statement option.
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CAN Purchase a Release. The Consultant has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Client.
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CAN Purchase a Release. The Seller has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Buyer.
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Related to CAN Purchase a Release

  • Acknowledgment Regarding Purchasers’ Purchase of Shares The Company acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Shares. The Company further represents to each Purchaser that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.

  • Acknowledgment Regarding Investor’s Purchase of Shares The Company acknowledges and agrees that the Investor is acting solely in the capacity of an arm’s length investor with respect to the Registered Offering Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that the Investor is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Registered Offering Transaction Documents and the transactions contemplated hereby and thereby and any advice given by the Investor or any of its respective representatives or agents in connection with the Registered Offering Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to the Investor’s purchase of the Securities, and is not being relied on by the Company. The Company further represents to the Investor that the Company’s decision to enter into the Registered Offering Transaction Documents has been based solely on the independent evaluation by the Company and its representatives.