ESSENTIAL TERMS Sample Clauses
The "Essential Terms" clause identifies the key provisions of a contract that are fundamental to the agreement between the parties. It typically specifies which terms—such as price, scope of work, delivery dates, or payment terms—are so critical that, without mutual agreement on them, the contract would not be considered valid or enforceable. By clearly outlining these indispensable elements, the clause ensures that both parties understand which aspects of the contract are non-negotiable and must be agreed upon, thereby reducing the risk of disputes over what constitutes a binding agreement.
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ESSENTIAL TERMS. The Contractor acknowledges and agrees that each of the provisions in Articles 30 to 36 hereof constitutes an essential term of the Contract and that any breach of any of these provisions shall entitle UNDP to terminate the Contract or any other contract with UNDP immediately upon notice to the Contractor, without any liability for termination charges or any other liability of any kind. In addition, nothing herein shall limit the right of UNDP to refer any alleged breach of the said essential terms to the relevant national authorities for appropriate legal action.
ESSENTIAL TERMS. The Innovator acknowledges and agrees that each of the provisions in Articles 25 to 33 hereof constitutes an essential term of the Agreement and that any breach of any of these provisions shall entitle UNDP to terminate the Agreement or any other contract with UNDP immediately upon notice to the Innovator, without any liability for termination charges or any other liability of any kind. In addition, nothing herein shall limit the right of UNDP to refer any alleged breach of the said essential terms to the relevant national authorities for appropriate legal action.
ESSENTIAL TERMS. The Contractor acknowledges and agrees that each of the provisions in Articles 27 to 35 hereof constitutes an essential term of the Contract and that any breach of any of these provisions shall entitle FAO to terminate the Contract or any other contract with FAO immediately upon notice to the Contractor, without any liability for termination charges or any other liability of any kind.
ESSENTIAL TERMS. 22.1 Essential terms
22.1.1 the obligation to pay money; and
22.1.2 without limitation, the obligations under clause 4 (Payments), 6 (Goods and Services Tax), 9 (Use of Premises), 11 (Security), 12 (Licences), 13 (Tenant's obligations concerning insurance), 14 (Maintenance of Premises and Alterations), 15 (Assignment and subletting), 17 (Occupational Health and Safety), and the special conditions in Item 19 of the Schedule. However, this clause does not prevent any other obligation under this lease being an essential term.
ESSENTIAL TERMS. All Parties hereby expressly agree and acknowledge that each of the releases contained herein constitutes an essential term of this Agreement and that the Agreement shall be null and void if any release shall not be approved or shall be deemed ineffective.
ESSENTIAL TERMS. All Parties hereby expressly agree and acknowledge that dismissal of each of the Actions to the extent set forth in this Agreement constitutes an essential term of this Agreement and that, if any of the Actions is not dismissed in accordance with this Agreement, the Agreement shall be null and void and of no further effect, with all rights, duties and obligations of the Parties thereafter restored as if this Agreement had never been executed.
ESSENTIAL TERMS. The Contractor acknow- ledges and agrees that each of the provisions in articles 22 to 29 hereof constitutes an essential term of the Contract and that any breach of any of these provisions shall entitle the UPU to terminate the Contract immediately upon notice to the Contractor, without any liability for termination charges or any other liability of any kind.
ESSENTIAL TERMS. The essential terms of this Lease are clauses 3, 4, 6.1, 7, 8, 9, 11.1, 11.3, 11.7, 12, 14.1, 15.1, 15.7, 15.15, 15.16, 15.17, 15.18, 15.19, 15.20, 16.1, 18.5 and any special condition that is expressed to be an essential term of this Lease. The breach of an essential term is a repudiation of this Lease.
ESSENTIAL TERMS. Executive understands and acknowledges that the promises in Paragraphs 8, 9, 11, 12 and 13 are a material inducement for Releasees to enter this Agreement and are of the essence of this Agreement. Executive therefore agrees that if he should breach any of the provisions of the aforementioned paragraphs, he will be obligated to return to Releasees any payments made under this Agreement, to the extent permitted by law.
ESSENTIAL TERMS. The disclaimer of warranties and the limitation of liability in this Section 7 constitute an essential part of this Agreement. A fundamental breach or breach of a fundamental term of this Agreement by SideFX shall not limit the intended effect of Section 7 or any other provision of this Agreement which is intended to limit SideFX' liability. Licensee acknowledges that, but for the disclaimer of warranties and limitation of liability, SideFX would not enter into this Agreement.