Execute a New Agreement Sample Clauses
The 'Execute a New Agreement' clause establishes the requirement or process for the parties to enter into a new contract under certain circumstances. Typically, this clause outlines when and how a new agreement should be drafted and signed, such as upon the expiration of the current contract, a significant change in business terms, or the completion of a specific project. Its core practical function is to ensure continuity and clarity in the business relationship by providing a structured mechanism for updating or replacing existing contractual arrangements as needed.
Execute a New Agreement. The Landlord and Tenant agree to execute a purchase agreement that matches the terms and conditions of this Addendum within ten (10) days of the Tenant exercising their right to purchase the Premises. Any refusal to sign a purchase agreement by the Landlord shall result in a breach of specific performance.
Execute a New Agreement. The parties have agreed to create a purchase agreement that is in line with the terms and conditions contained in this Addendum within a period not to exceed ten (10) days of the Tenant exercising their right to buy the property. Refusal of the landlord to sign a purchase agreement constitutes in a breach of specific performance.