Common use of Decision to Produce Clause in Contracts

Decision to Produce. Any decision to place the Property into production shall be at the sole discretion of Globetech, which shall be under no obligation to place the Property into production and, in the event that the Property are placed into production, Globetech shall have the unfettered right to suspend or curtail any such operation as it may determine at its sole discretion.

Appears in 2 contracts

Sources: Option Agreement (Globetech Ventures Corp), Option Agreement (Globetech Ventures Corp)