Common use of The Registration Clause in Contracts

The Registration. 1. The contracting parties acknowledge that for its effectiveness this contract requires the publication in the registry of contracts pursuant to the Act No. 340/2015 Coll., and they agree with this publication. The Buyer secures sending of the contract to the registry of contracts immediately after the contract is signed by both contracting parties. The Buyer undertakes to inform the other party about the registration by sending a copy of the confirmation of the publication from the administrator of the registry of the contracts to the other party without undue delay after the Buyer himself receives this confirmation, or alternatively the Buyer fill in the appropriate section of the accompanying form with a complete ID of the databox of the other party (in that case both contracting parties will receive the confirmation of the registration from the administrator of the registry of contracts).