Common use of Purpose and Duration Clause in Contracts

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.

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 grant letter and its annexes. All Partners are in agreement with the content of the approved project application grant letter 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.