Contract Negotiation and Execution Sample Clauses
The Contract Negotiation and Execution clause outlines the procedures and requirements for how parties will discuss, finalize, and formally enter into a binding agreement. It typically specifies the steps for negotiating terms, the authority of representatives involved, and the methods by which the contract will be signed—such as in writing, electronically, or in counterparts. This clause ensures that both parties clearly understand the process for reaching a final agreement, reducing the risk of misunderstandings or disputes about whether a contract has been validly formed.
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Contract Negotiation and Execution. The Operator shall select firm(s) to serve in various capacities in connection with the development and construction of the East Bank Regional System, including, without limitation, general contractor, various architects and engineers, and other professionals and consultants (the “Consultants”). The Operator shall negotiate and execute contracts and other agreements with such Consultants (hereinafter referred to as “Contracts and Subcontracts”). The general contractor selected by the Operator to perform the development and construction of the East Bank Regional System shall be a licensed contractor with sufficient qualifications and experience constructing projects of similar size and scope within budget and on schedule.
Contract Negotiation and Execution. Group hereby appoints Service Company as its true and lawful attorney-in-fact to negotiate and execute on its behalf any and all documents and agreements deemed necessary by Service Company in carrying out Service Company’s responsibilities under this Agreement, and Service Company accepts such appointment; provided, however, that nothing in this Agreement apparently to the contrary authorizes Service Company to execute employment agreements or independent contractor agreements with Providers on behalf of Group.