Common use of The Objective Clause in Contracts

The Objective. “THE SELLER” grants to “THE BUYER” the exclusivity of the Mining Concession Rights selling mention in Declaration I of this Agreement, for a term of 5 (five) years, starting on the date when this Agreement is signed by both Paries. Which implies that, during this period, the “THE SELLER” will not promote the selling of “THE MINES” to any third party different from “THE BUYER”. In anytime, during the term of this Agreement, and as a result of the exploration studies, “THE BUYER” will have the option to negotiate a price with “THE SELLER”, following the Negotiation Bases agrees in the THIRD CLAUSE of this Agreement. If at the end of the Term, “THE BUYER” decides that the exploration results doesn’t fulfill its expectations, this Agreement will be canceled and “THE MINES” will continued been “THE SELLER” property.