Common use of Offer to Contract Clause in Contracts

Offer to Contract. Signature of this Lease by the Lessee shall be deemed to constitute an offer by the Lessee to enter into a Lease with the Lessor on the terms and conditions herein contained, which offer shall be irrevocable and open for acceptance by the Lessor within a period of fourteen days after signature hereof by the Lessee. Until signature of the Lease by the Lessor, the Lessee shall not be entitled to claim or allege the existence of any Lease arising out of any negotiations or alleged oral agreement and, notwithstanding that the Lessee may have taken occupation of the Premises, the Lessee shall have no claim whether for damages or otherwise against the Lessor by any reason of any prior negotiations, agreements or otherwise howsoever and will obliged and hereby undertakes to immediately vacate the Premises in the event of the Lessor not signing this Lease agreement within the period specified or at all.