CLOSURE OF CONTRACT Sample Clauses

The Closure of Contract clause defines the procedures and requirements for formally ending a contractual relationship between the parties. Typically, this clause outlines the steps necessary to confirm that all obligations have been fulfilled, such as the delivery of goods or services, final payments, and the return of confidential information or property. Its core practical function is to ensure a clear and mutually agreed-upon conclusion to the contract, preventing future disputes over outstanding duties or unresolved issues.
CLOSURE OF CONTRACT. The closure of contract shall be done within a period of 150 days after completion of the work.
View SourceView Similar (23)
CLOSURE OF CONTRACT. The contract shall stand closed upon successful performance of all obligations by the firm, including completion of warrantee obligations and final payment. If no claim is received within 03 years from last supplies/services, then no claim shall be entertained thereafter. 10.
View SourceView Similar (22)
CLOSURE OF CONTRACT. No order submitted by the buyer shall be deemed to be accepted by the seller unless and until confirmed in writing by the seller or the seller’s representative within 7 days after submittal.
View SourceView Similar (2)
CLOSURE OF CONTRACT a. Fulfilment of CVC Guidelines for Closure of Contract at time of Final Bill submission- b. UNCONDITIONAL “NO CLAIM CERTIFICATE” BY CONTRACTOR. c. RECONCILIATION OF MATERIALS. d. Asset Accounting Register e. Or any other document relevant to contract.
View SourceView Similar (2)

Related to CLOSURE OF CONTRACT

  • NATURE OF CONTRACT Execution of this Contract by the Student does not guarantee University Housing. Housing assignments for non-guaranteed students are dependent upon space availability. This Contract shall constitute a license and shall not be deemed to constitute a lease or to create or transfer interest in or lien on real estate. This Contract may not be assigned or transferred.

  • Construction of Contract Both parties have participated fully in the review and revision of this contract. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply to the interpretation of this contract.

  • TIME OF CONTRACT This Contract shall commence on , and shall terminate on . Certificate(s) of Insurance must be current on day Contract commences and if scheduled to lapse prior to termination date, must be automatically updated before final payment may be made to Contractor. The final invoice must be submitted within 30 days of completion of the stated scope of services.

  • Construction Contract If federal funds are included as part of the financing of the non-OPWC portion of the Project, federal law may prevail, including, but not limited to, application of ▇▇▇▇▇ ▇▇▇▇▇ prevailing wage rates, the ▇▇▇▇▇▇▇▇ “Anti-Kickback” Act, the Contract Work Hours and Safety Standards Act, and any federal environmental regulations. Recipient is solely responsible for ensuring compliance with federal requirements applicable to its Local Subdivision Contribution. Notwithstanding the above, the following provisions apply to construction contracts under this Agreement: