Common use of Contract Conclusion Clause in Contracts

Contract Conclusion. a) Bids tendered by the Supplier are legally binding as a matter of principle. In case of doubt, a bid shall be valid for a term of two weeks. An Agreement is officially established once the Principal has accepted the bid in writing or (e.g via SAP-Ariba) in electronic form, even without the confirmation of the Supplier. b) Any changes to the contractual conditions in the Agreement will only be considered accepted by the Principal with its written consent. c) The parties agree to receive legal statements via SAP-Ariba in an electronic form. The parties shall consider simple electronic signature on such statements as legally equivalent to handwritten signatures.

Contract Conclusion. a) Bids tendered by the Supplier are legally binding as a matter of principle. In case of doubt, a bid shall be valid for a term of two weeks. An Agreement is officially established once the Principal principal has accepted the bid in writing or (e.g via SAP-Ariba) in electronic form, even without the confirmation of the Supplier. b) Any changes to the contractual conditions in the Agreement will only be considered accepted by the Principal principal with its written consent. c) The parties agree to receive legal statements declarations of intent via SAP-Ariba SAP in an electronic form. The If electronic signatures are used, the parties shall consider simple electronic signature on such statements as these to be legally equivalent to handwritten signatures.