Definitions and Intent of the Parties Hereto Clause Samples

The "Definitions and Intent of the Parties Hereto" clause establishes the specific meanings of key terms used throughout the agreement and clarifies the mutual objectives and understanding of the parties involved. This clause typically lists important words or phrases and assigns them precise definitions to avoid ambiguity, and may also include a statement outlining the overall purpose or intent behind entering into the contract. By doing so, it ensures that all parties interpret the contract language consistently, reducing the risk of misunderstandings or disputes over terminology and the agreement’s intended effect.
Definitions and Intent of the Parties Hereto 
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Related to Definitions and Intent of the Parties Hereto

  • NOW THEREFORE THE PARTIES AGREE TO THE FOLLOWING During the term of this agreement, if the proclamation of the above noted legislation results in additional costs for teachers or School Divisions, TEBA and the Association shall meet within sixty (60) days to discuss the appropriate apportionment of costs.

  • NOW THEREFORE THE PARTIES AGREE AS FOLLOWS The employee is paid 100% of their earnings during the working period.

  • Intention of the Parties Definitions 1.1. Intention of the Parties (a) This Agreement sets out the terms on which ▇.▇. ▇▇▇▇▇▇ will provide custodial, settlement, asset servicing and other associated services to the Customer. ▇.▇. ▇▇▇▇▇▇ will be responsible for the performance of only those duties expressly set forth in this Agreement. (b) Investing in Financial Assets and cash in foreign jurisdictions may involve risks of loss or other burdens and costs. The Customer acknowledges that ▇.▇. ▇▇▇▇▇▇ is not providing any legal, tax or investment advice in connection with the services under this Agreement and will not be liable for any losses resulting from Country Risk. (c) The terms and conditions of this Agreement are applicable only to the services which are specified in this Agreement.

  • THE PARTIES AGREE AS FOLLOWS Subject to the context, the words and expressions used in this Agreement have the same meanings respectively as they have in and for the purpose of the Principal Agreement.

  • Basic Lease Provisions and Definitions In addition to other terms elsewhere defined in this Lease, the following terms whenever used in this Lease should have only the meanings set forth in this Preamble, unless such meanings are expressly modified, limited or expanded elsewhere herein.