Common use of INTENTS AND PURPOSES Clause in Contracts

INTENTS AND PURPOSES. 1. This Agreement is for the joint use and benefit of the contracting parties, and the provisions herein defined and set forth shall be construed as binding upon and effective in determining the relations between the parties and to set forth herein the basic Agreement covering the rates of pay, hours of work, and conditions of employment to be observed by the parties hereto. It is mutually understood that the following terms and conditions relating to the employment of workers covered by this Agreement have been decided upon by means of collective bargaining and that the following provisions will be binding upon the Contractor, the Unions and the affiliates of the Unions, including but not limited to their Local Unions, during the term of this Agreement and any renewal thereafter. It is further agreed that the employees working under this Agreement shall constitute a bargaining unit separate and distinct from all others. This Agreement covers all terms and conditions of employment for work being performed hereunder. Contractors signatory to an LOA are not required to become signatory to a local collective bargaining agreement. This Agreement may be modified by mutual consent in writing by the parties hereto. 2. Amendments to this Agreement, for a project or projects, which are required to make a contractor competitive, may be added by majority vote of the General Presidents’ Committee on Contract Maintenance (sometimes referred to herein as the “General Presidents’ Committee”). When approved by the General Presidents’ Committee, the Amendment shall be considered a part of this Agreement for that specific project.