Contract Under Seal Clause Samples
A Contract Under Seal is a formal agreement that is executed with a seal, signifying that the parties intend to be legally bound by its terms without the need for consideration. In practice, this means that the contract is often signed and marked with a wax, embossed, or printed seal, and may include language indicating it is 'under seal.' This type of clause is commonly used in deeds or certain legal instruments where additional formality is required. Its core function is to provide enforceability even in the absence of consideration, thereby strengthening the legal validity of the agreement.
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Contract Under Seal. This Contract is executed under seal and it is the parties' express intention that this agreement be treated as such.
Contract Under Seal. This Agreement shall be deemed to be a contract under seal, to be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts.
Contract Under Seal. The parties acknowledge that they intend this contract to be a contract under seal.
Contract Under Seal. The Seller and the Purchaser intend that, to the fullest extent permitted by Law, this Agreement shall be treated and construed as a contract under seal under the Laws of the State of Delaware with all the consequences of such a contract under the Laws of the State of Delaware; provided, however, that the parties hereto agree that, notwithstanding the designation of this Agreement as a contract under seal, the applicable limitations period shall be reduced as follows: (i) for purposes of Section 8.4(b), the statute of limitation (including any extensions or waivers thereof) applicable to a claim for Taxes, (ii) for purposes of Section 8.4(c), seven years from the anniversary date of the Initial Closing Date, (iii) for purposes of Section 8.4(d), three years from the anniversary date of the Initial Closing Date, (iv) for purposes of Section 8.4(e), eighteen months from the anniversary date of the Initial Closing Date, (v) for purposes of Section 8.4(f), the shorter of three years or the applicable statute of limitations (including any extension or tolling thereof), in each case measured from the anniversary date of the Initial Closing Date, or any shorter period specified, (vi) for purposes of Section 8.4(g), the shorter of the applicable statute of limitations, twenty years or until the date of resolution of the matter covered by the notice provided thereunder, and (vii) for purposes of any other claims not specifically addressed by Section 8.4, three years from the anniversary date of the Initial Closing Date. MASTER ACQUISITION AGREEMENT
Contract Under Seal. The parties hereby acknowledge and agree that, to the fullest extent permitted by law, they intend that this Agreement be, and that it will be treated and construed as, a contract under seal under Delaware law with all of the consequences of such a contract under Delaware law, including causing the Agreement to be subject to the twenty-year limitations period applicable to sealed instruments. Notwithstanding the foregoing, nothing in this Agreement shall extend any of the indemnification obligations in Article XI beyond the period for such obligation expressly provided in such Article.
Contract Under Seal. The Parties acknowledge and agree that the Fundamental Representations and the representations and warranties set forth in Section 4.24 shall, in each instance, be subject to the twenty (20) year statute of limitations applicable to sealed instruments under Delaware Law (subject to the express terms of Section 12.3 with respect to the representations and warranties set forth in Section 4.24).