Mutually Agreed to Third Party Clause Samples

The 'Mutually Agreed to Third Party' clause establishes that certain actions, decisions, or responsibilities under the contract may be delegated to or handled by a third party, but only if both primary parties explicitly agree on the selection of that third party. In practice, this means that neither party can unilaterally appoint an external consultant, mediator, or service provider; instead, both must consent to the choice, often in writing. This clause ensures fairness and neutrality in situations where an independent party is needed, preventing one side from gaining an advantage by selecting a potentially biased third party.
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Mutually Agreed to Third Party. The Employer and Union recognize extenuating circumstances that may lead to the need for third party investigations. With employer agreement, disputes will be submitted to a mutually agreed upon third party.
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Related to Mutually Agreed to Third Party

  • Sale to Third Party If the Company, after receiving the Sale Notice, fails to exercise its option as provided in Section 3.2, or if it declines to exercise the same, the Participant shall be entitled to transfer the Vested Shares to the third party on the terms contained in the Offer, and shall be entitled to have his Vested Shares transferred on the books of the Company, but only if the third party purchaser agrees to be bound by the terms of this Agreement applicable to Vested Shares. If the Participant fails to close the transfer of his Vested Shares within sixty (60) days after the option of the Company has expired or been waived, the restrictions contained in this Article III shall again apply and must be met prior to effecting any transfer of Vested Shares. Any transfer of Vested Shares by the Participant to any unaffiliated third party shall comply with all applicable securities laws, and the Company may refuse to transfer any Vested Shares unless it receives such assurance and opinions from legal counsel acceptable to the Company that any such transfer is in compliance with all applicable securities laws.

  • Notice to Third Parties Licensee shall give written notice, prior to the first sale of Licensed Product, to any Third Party to which it sells Licensed Product of the restrictions contained in this Section 5, and Licensee shall use its best endeavors, without prejudice to any other provision of this Agreement, to ensure that such Third Parties will undertake to abide by the restrictions contained in this Section 5 and will assist the MPP and Pfizer in securing compliance with this Section 5 and the restrictions which it contemplates.

  • Disclosure to Third Parties The Company shall have the right to disclose to third parties, in whatever manner the Company may determine, the fact that this Agreement has been executed, the names of the parties to this Agreement and the terms hereof.

  • No Third Parties Nothing in this Agreement is intended to, nor shall it confer any rights on a third party.

  • Third Party “Third Party” shall mean any Person other than a Party or an Affiliate of a Party.