Right Execution and Countersignature Clause Samples
The Right Execution and Countersignature clause establishes the requirement that a contract or agreement must be properly signed by all relevant parties to become legally effective. In practice, this means that each party must execute the document, and often a designated representative or authorized signatory from each side must provide their signature, sometimes in a specified order. This clause ensures that all parties have formally agreed to the terms, preventing disputes about the validity or enforceability of the agreement due to incomplete or improper execution.
Right Execution and Countersignature. The Rights Agent is hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Rights required to be issued pursuant to the provisions of this Section 4, and the Company, whenever required by the Rights Agent, will supply the Rights Agent with Rights duly executed on behalf of the Company for such purpose.