Common use of Formation of a Contract Clause in Contracts

Formation of a Contract. Without limiting Section 9(e) of this Agreement, a binding Transaction may be entered into by: (a) an authorised signatory of each party signing a confirmation in one of the forms annexed to this Schedule, or in such other form as is agreed between the parties ("Form of Confirmation"); or (b) an authorised signatory of each party agreeing all of the terms of the Transaction over the telephone or in person (at which time the Transaction will be binding), provided always that the parties shall then, as soon as practicable, execute a Form of Confirmation to evidence the Transaction, and provided always that a Transaction will not automatically be held or considered to be non-binding by reason of the fact that the provisions of this clause have not been complied with.