Consideration for Performance Clause Samples

The Consideration for Performance clause defines the compensation or benefit that one party provides in exchange for the other party's fulfillment of contractual obligations. Typically, this involves specifying the amount, timing, and method of payment, or outlining other forms of consideration such as goods, services, or rights. By clearly establishing what is given in return for performance, this clause ensures that both parties understand their respective obligations and helps prevent disputes over whether adequate consideration has been provided, thereby supporting the enforceability of the contract.
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Consideration for Performance. The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.
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Consideration for Performance. The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided. Time is of the essence in Contractor’s performance of this Agreement. The Contractor shall not subcontract an amount exceeding ten percent (10%) of this Agreement’s Contract Amount to any single Subcontractor for any Work provided hereunder, unless the JBE/AOC agrees to the subcontract in writing. The Contractor shall require each Subcontractor to comply with the provisions of this Contract. No party to this Agreement shall in any way contract on behalf of or in the name of another party to this Agreement. If performance is delayed as a result of Force Majeure, the affected party shall provide prompt Notice to the other party and shall be excused from default or delay in performance while such circumstances prevail so long as such party continues to use commercially reasonable efforts to recommence performance as soon as possible. Changes or Amendments to any component of the Contract Documents can be made only with prior written approval from the JBE/AOC. An oral understanding or agreement shall not be binding on any of the parties. Requests for changes or Amendments must be submitted to the JBE/AOC in writing and must be accompanied by a narrative description of the proposed change and the reasons for the change. After the JBE/AOC reviews the request, a written decision shall be provided to the Contractor. BEO’s may be used to make changes that do not modify the terms and conditions of the Agreement. Amendments to the Agreement shall be authorized via bilateral execution of a Standard Amendment Coversheet form. Additional funds may not be encumbered under the Agreement due to an act of Force Majeure, although the performance period of the Agreement may be amended due to an act of Force Majeure. An Amendment is required to change the Contractor’s name as set forth on the Standard Amendment Coversheet form. Upon receipt of legal documentation notifying the JBE/AOC of the novation change, the JBE/AOC will process an Amendment for the change.
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Consideration for Performance. The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided. Time is of the essence in Contractor’s performance of this Agreement. The Contractor shall not subcontract an amount exceeding ten percent (10%) of this Agreement’s Contract Amount to any single Subcontractor for any Work provided hereunder, unless the AOC agrees to the subcontract in writing. The Contractor shall require each Subcontractor to comply with the provisions of this Contract. No party to this Agreement shall in any way contract on behalf of or in the name of another party to this Agreement.
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Related to Consideration for Performance

  • Time for Performance The term of this SOW Agreement shall begin on and end on _ (the “Initial Term”). The Initial Term may be extended as the parties may agree. The State may terminate this SOW for convenience upon thirty days prior written notice to the Contractor. If the Master Agreement should expire or otherwise terminate prior to the end of the term of this SOW Agreement, this SOW Agreement shall continue to the end of its existing term, unless or until terminated in accordance with the terms of this SOW Agreement, and the Parties acknowledge and agree that the terms of the Master Agreement shall survive and apply to this SOW Agreement.

  • SCHEDULE FOR PERFORMANCE REVIEWS 7.1 The performance of the Employee in relation to his performance agreement shall be reviewed for the following quarters with the understanding that the reviews in the first and the third quarter may be verbal if performance is satisfactory:

  • Security for Performance In the event that Exhibit A Section 4 indicates the need for Consultant to provide additional security for performance of its duties under this Agreement, Consultant shall provide such additional security prior to commencement of its Required Services in the form and on the terms prescribed on Exhibit A, or as otherwise prescribed by the City Attorney.