AN EFFECTIVE DATE Sample Clauses

The 'Effective Date' clause establishes the specific date when the terms and obligations of an agreement become legally binding for all parties involved. Typically, this date is either explicitly stated in the contract or determined by a triggering event, such as the date of the last signature. By clearly defining when the contract takes effect, this clause eliminates ambiguity about the commencement of rights and responsibilities, ensuring all parties are aligned on when their commitments begin.