Effective Date of Rights Sample Clauses

The 'Effective Date of Rights' clause establishes the specific date when the rights granted under an agreement become legally enforceable. Typically, this date may coincide with the signing of the contract, the completion of certain conditions, or another mutually agreed-upon milestone. For example, intellectual property rights or license permissions might only take effect after payment is received or upon project commencement. This clause ensures both parties are clear about when their respective rights and obligations begin, preventing disputes over timing and providing certainty in the execution of the agreement.
Effective Date of Rights. The rights of Purchaser under Section 5.1 to Section 5.4 of this Agreement are effective on and from the date that Completion occurs.
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Effective Date of Rights. The parties acknowledge and agree that this Agreement is made and is effective as of the date specified in the first paragraph of this Agreement. Notwithstanding, the Parties acknowledge and agree that the Releases of Claims specified above in Section 1(a)-(c) shall not become effective until the date the shares of the Company to be issued through an initial public offering begin trading on the NASDAQ. To the extent that such issuance is cancelled or terminated for any reason, then this Agreement will be cancelled and terminated in its entirety.
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Related to Effective Date of Rights

  • Effective Date of Agreement The provisions of the agreement will come into full force and effect on the date of ratification, unless specified otherwise.

  • EFFECTIVE DATE OF PLAN Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders' meeting or by the consent of stockholders owning more than 50% of shares of the Common Stock within twelve months of such adoption.

  • EFFECTIVE DATE OF CONTRACT The contract shall come into effect on the date of signatures of both the parties on the contract and shall remain valid until the completion of the obligation of the parties under the contract. The deliveries and supplies and performance of the services shall commence from the effective date of the contract.

  • Effective Date of the Agreement The date indicated in the Agreement on which it becomes effective, but if no such date is indicated, it means the date on which the Agreement is signed and delivered by the last of the two parties to sign and deliver.

  • Effective Date of Amendment This Amendment shall be deemed effective as of the date first written above, as if executed on such date.