The Understanding Sample Clauses

The Understanding clause serves to clarify the mutual intentions and shared interpretations of the parties entering into an agreement. It typically outlines the context, background, or purpose behind the contract, ensuring that both sides are aligned on the fundamental reasons for their arrangement. By explicitly stating what both parties believe or expect from the agreement, this clause helps prevent misunderstandings and disputes over the contract’s meaning, thereby promoting clarity and reducing the risk of future conflicts.
The Understanding. The understanding recorded in this memorandum between the Parties is not intended to be legally binding. Each Party agrees that this memorandum contains no promise or representation upon which any other Party or person may rely. Each Party undertakes to every other Party not to (and not to attempt to) ▇▇▇, commence, voluntarily aid in any way, prosecute or cause to be commenced or prosecuted against any other Party or its Related Parties any action, suit or other proceeding concerning anything contained in this memorandum (in this jurisdiction or any other). A ‘Related Party’ is a Party's parent, subsidiaries, assigns, transferees, representatives, principals, agents, officers or directors. The Parties’ informal understanding is set out below.
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The Understanding. 1. The Parties intend to identify opportunities to support bilateral and multilateral Joint Research Projects (JRPs) in the scientific fields mutually agreed upon by NAFOSTED and UKRI. 2. The first proposed joint call (“the First Call”) is under framework of UKRI Southeast Asia Regional Funding Opportunity on Infectious Diseases of Epidemic and Antimicrobial resistance (AMR) Potential: a. UKRI and NAFOSTED intend to collaborate through the UKRI SEA Infectious Diseases of Epidemic and AMR Potential funding activity to support UK Vietnam partnerships. UKRI has an indicative budget of up to £21 million for this funding activity, with an estimated £3 million allocated to support partnership with Vietnam (subject to the number and quality of applications, expected to support up to 10 JRPs). NAFOSTED may provide up to VND25 billion to support Vietnamese researchers to conduct up to 10 JRPs. b. The Parties may jointly finance any agreed joint projects for a period of 03 (three) years, with each Party providing financial support for its own researchers, according to its own terms and conditions. 3. Potential future joint calls: any potential future joint funding calls will be discussed and may be agreed between UKRI (represented by one of its research councils) and NAFOSTED. The budget, scope of research and delivery mechanism for any future calls may be negotiated and decided prior to each respective call by the Parties.
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The Understanding. A Consultant will not become an employee ofINSYGHT. In the course of generating business: • We will present you as an INSYGHT Consultant and jointly engage in client visits where you may also represent yourself as an INSYGHT Consultant • We will provide you with INSYGHT email address and access to the INSYGHT project management system for client deliverables • We will work together to develop a marketing program which may present you as an INSYGHT Consultant in our sales/marketing material • We expect you to: ⮚ Act in good faith ⮚ develop realistic and practical solutions to client problems ⮚ act in both INSYGHT and the clients' best interests at all times ⮚ preserve the value of INSYGHT’s commercial relationships with its customers ⮚ render impartial, factually-based, independent advice ⮚ accept only those client engagements you are qualified to perform ⮚ behave with integrity and professionalism at all times ⮚ safeguard confidential information ⮚ not poach INSYGHT customers – ( An INSYGHT customer is one where the consultant has been engaged on an INSYGHT assignment or where the consultant has been introduced to as an INSYGHT opportunity) • You shall provide a resume for us to use in proposals and to promote your services, this may have to be revised into a short profile which shall be drafted by you. • You agree to indemnify and hold harmless INSYGHT for any and all lossess arising from or in connection with your acts or omissions that are contrary to the obligations set out in this Engagement Model and Code of Conduct.
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The Understanding. 1. The Aggregator shall source for and register merchants on the sofripay platform for the use of sofripay point of sale (POS) within the federal republic of Nigeria with the intent that the Aggregator shall be entitled to receive commission as directed by ▇▇▇▇▇. 2. The Aggregator shall in addition to sourcing for suitably qualified merchants and registering them with Sofri, observe the following terms which shall include but not limited to: a) Ensuring that all incoming merchants correctly and fully complete the Sofri merchant registration application and immediately forward same to Sofri. b) Ensuring that all Know Your Customer (KYC) policies are complied with, and all requisite KYC documentation obtained from the incoming merchants and immediately forwarded to Sofri. c) Ensuring that incoming merchants are provided with and understand all documentation relating to the Sofripay services, products and policies.
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The Understanding. This MOU has been duly authorized by SCHOOL DISTRICT and SRI and constitutes the full understanding of the parties regarding the subject matter.
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The Understanding 
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Related to The Understanding

  • Entire Understanding This Amendment sets forth the entire understanding of the parties with respect to the matters set forth herein, and shall supersede any prior negotiations or agreements, whether written or oral, with respect thereto.

  • Complete Understanding The terms and conditions set forth in this Agreement represent the full and complete understanding between the parties. The terms and conditions may be modified only through the written mutual consent of the parties.

  • Prior Understanding This Agreement and the other Loan Documents supersede all prior understandings and agreements, whether written or oral, between the parties hereto and thereto relating to the transactions provided for herein and therein, including any prior confidentiality agreements and commitments.

  • Evaluation and Understanding (i) It has the capacity to evaluate (internally or through independent professional advice) the Transaction and has made its own decision to enter into the Transaction; and (ii) It understands the terms, conditions and risks of the Transaction and is willing and able to accept those terms and conditions and to assume those risks, financially and otherwise.

  • Assessment and Understanding It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction.