Amendment; Waivers; Extensions Sample Clauses
The "Amendment; Waivers; Extensions" clause defines the procedures for modifying, waiving, or extending the terms of an agreement. Typically, it requires that any changes, waivers of rights, or extensions of deadlines be made in writing and agreed upon by all parties involved. For example, if the parties wish to extend a delivery deadline or waive a contractual requirement, they must formally document this agreement. This clause ensures that all modifications are intentional and clearly recorded, preventing misunderstandings and disputes over informal or implied changes.
Amendment; Waivers; Extensions. No amendment, modification, waiver, replacement, termination or cancellation of any provision of this Agreement will be valid, unless the same is in writing and signed by the Parties. Each waiver of a right hereunder does not extend beyond the specific event or circumstance giving rise to the right. No waiver by any Party of any default, misrepresentation or breach of warranty or covenant hereunder, whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation or breach of warranty or covenant hereunder or affect in any way any rights arising because of any prior or subsequent such occurrence. Neither the failure nor any delay on the part of any Party to exercise any right or remedy under this Agreement will operate as a waiver thereof, nor does any single or partial exercise of any right or remedy preclude any other or further exercise of the same or of any other right or remedy.