Certain Definitions and Basic Terms Clause Samples
The "Certain Definitions and Basic Terms" clause establishes the specific meanings of key words and phrases used throughout the contract. It typically lists and explains important terms to ensure that all parties interpret them consistently, such as defining what constitutes "Confidential Information" or "Effective Date." By providing clear definitions, this clause eliminates ambiguity and reduces the risk of misunderstandings or disputes over terminology in the agreement.
Certain Definitions and Basic Terms. 1.01 Parties, Use Fee, Term and Premises. Owner and user hereby agree that for purposes of this Agreement, the following capitalized terms shall mean: Owner: CTRC RESEARCH FOUNDATION User: ILEX ONCOLOGY, INC. Use Fee: $2,197.80 per month. Location: 14960 Omicron, San Antonio, Texas. Commencement Date: September 1, 1995 Owner's Address for Notices: CTRC Research Foundation 8122 Data point, Suit▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attention: Jean▇▇▇▇ ▇▇▇▇▇ Premises: One Thousand Three Hundred Thirty-Two (1,332) square feet of space located in the Building (so called herein) at the Location designated as Room 103, and more commonly known as the "formulation laboratory." User's Address for Notices: Ilex Oncology, Inc. 1478▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attention: Rich▇▇▇ ▇▇▇▇ 2 Termination Date: The day preceding the second (2nd) yearly anniversary of the Commencement Date.
Certain Definitions and Basic Terms