Purpose and Duration Clause Samples

The 'Purpose and Duration' clause defines the specific objectives of the agreement and sets the timeframe during which the agreement will be in effect. It typically outlines what the parties intend to achieve through their relationship and specifies the start and end dates, or the conditions under which the agreement will terminate. By clearly stating both the purpose and the duration, this clause ensures that all parties understand the scope and limits of their obligations, helping to prevent misunderstandings and disputes about the agreement's intent or its period of validity.
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Purpose and Duration. The purpose of the Corporation is to engage in any lawful act or activity for which a corporation may be organized under the General Corporation Law of the State of Delaware (the “DGCL”). The Corporation is to have a perpetual existence.
Purpose and Duration. 11.2.1. Providing the Service(s) to Company. 11.2.2. Complying with its obligations under the Data Protection Laws and any similar obligations. 11.2.3. Personal Data is processed by ▇▇▇▇▇▇ for the provision of the Services pursuant to this Agreement. Personal Data shall be processed by ▇▇▇▇▇ for the duration of the particular transaction and will not be retained by Azimo beyond the time period that is legally necessary to do so (for example, seven (7) years in Canada, five (5) years in the UK). Upon completion of the Service(s), or on termination or expiration of the Agreement, Azimo will delete all copies of Personal Data in its possession, excluding any Personal Data which it is required to retain to comply with regulations, and shall ensure that any duplicate or backup copies are destroyed.
Purpose and Duration. The Personal Data is processed by Vitesse for the provision of the Services pursuant to this Agreement. Personal Data shall be processed by Vitesse for the duration of the particular transaction and will not be retained by Vitesse for a period of time beyond that which is strictly necessary to do so. Upon completion of the Services, or on termination or expiry of the Agreement between the Parties, Vitesse will return all copies of Personal Data in its possession, excluding any Personal Data which it is required to retain to comply with regulations, and shall ensure that any duplicate or backup copies are destroyed;
Purpose and Duration. QuantJudge will process Personal Information to provide the Services during the term of the Agreement (except as otherwise permitted by this DPA or required by law).
Purpose and Duration. The purpose for which the Corporation is organized is the transaction of any or all lawful business for which a for-profit corporation may be organized under the Texas Business Organizations Code, as such may be amended from time to time (the “TBOC”).
Purpose and Duration. The purpose of this Agreement is to create a cooperative undertaking between LPS and City recognizing that both parties have public facilities that will benefit from development of joint uses on an ongoing basis. City and LPS desire to pursue shared uses on the Properties by both LPS and City so as to fulfill their responsibilities to the public at a lesser cost than if each acted independently. This Agreement shall be in full force and effect for a term of ninety-nine (99) years from and after the execution of this Agreement by the parties and shall continue thereafter from year to year until terminated as provided herein except as amended with the mutual written agreement of the parties.
Purpose and Duration. A Military Leave of Absence shall be granted to an active unit member who receives orders to active duty during the academic year, for a period not to exceed one hundred eighty (180) calendar days including travel time, for purposes of active military training, encampment, naval cruises, special exer- cises or like activity, excluding military drills, as a member of the reserve corps or force of the armed forces of the United States or the National Guard, or the Naval Militia.
Purpose and Duration. 2.1 This Agreement shall become effective on and from the Commencement Date and, subject to the early termination provisions set out in Clause 12, shall continue until the end of the Service Period. 2.2 In consideration of the Customer paying the Service Charges to the Company in the amounts and in the manner specified hereunder the Company will provide the Service to the Customer on the terms and subject to the conditions of this Agreement during the Term.
Purpose and Duration. 2.1. The purpose of this MoU is to record the arrangements for the support, availability and use of the resources at the Tiers by GridPP. 2.2. This MoU is not binding on the Parties, it being understood however that the Parties recognise that the success of the GridPP Collaboration depends on all Members adhering to its provisions. 2.3. The Parties shall have no liability towards each other for any loss or damage resulting from their use of GridPP computing resources, including their participation in EGEE and WLCG. 2.4. The Parties acknowledge that the terms of this MoU may be varied by unanimous written agreement only. 2.5. This MoU shall enter into force at the date of the last signature of all the parties and shall, subject to the provisions of Clause 14, continue in force until 31st March 2011. 2.6. The Annexes are an integral part of this MoU. 2.7. The parties shall review, and as necessary update, the Annexes annually to reflect the situation on the 1st April of the current year. 2.8. The Parties agree that disputes arising from this MoU shall be handled, in the first instance by the PMB, with ultimate recourse to the CB.
Purpose and Duration. The Partners have agreed on joining forces for the implementation of the Project ___________(fill in Project name) as described in the approved project application and its annexes. All Partners are in agreement with the content of the approved project application and its annexes, dated __________ /registration no__________ including the technical and financial terms (description of eligible costs, periodical reports etc). The Grant Letter will be signed on behalf of the Partners by _______________ (fill in Lead Partner Organisation) acting as the Lead Partner of the Project. The Lead Partner alone is responsible for evaluating, before committing all Partners, the reality of the technical and financial partnerships. The present agreements will enter into force after the Grant Letter between the Lead Partner and the Managing Authority/Northern Periphery and Arctic Programme Secretariat has been signed and shall remain in force until all responsibilities towards the Northern Periphery and Arctic Programme have been fulfilled and all accounts with the Managing Authority/Northern Periphery and Arctic Programme Secretariat and the Partners have been settled.