Commerce Initiative Sample Clauses
The Commerce Initiative clause establishes a framework for parties to collaborate on commercial projects or ventures. It typically outlines the objectives, scope, and responsibilities of each party in pursuing joint business opportunities, such as co-developing products, sharing market research, or coordinating sales efforts. By clearly defining the terms of cooperation, this clause helps ensure mutual understanding and alignment, reducing the risk of disputes and facilitating effective partnership management.
Commerce Initiative. The warrant and the shares of common stock issuable upon exercise of the warrant will be offered and sold to the Retailers pursuant to an exemption from the Securities Act of 1933, as amended. As a result, such shares will be restricted securities within the meaning of that Act, and the resale of such shares will be subject to certain restrictions, including a one year holding period.
Commerce Initiative. Issuance of Global will issue the warrants to participating Warrants Retailers effective as of the public announcement of Global's E-Commerce Initiative which is expected to occur by May 10, 1999.