Common use of Definition and explanations Clause in Contracts

Definition and explanations. 1.1 Definition Terms herein have the following meaning unless otherwise required by the context: “Fiscal year” refers to each year from 1 January to 31 December; “Half year” refers to 1 January to 30 June or from 1 July to 31 December for each fiscal year;

Definition and explanations. 1.1 Definition Terms herein have the following meaning unless otherwise required by the context: “Fiscal year” refers to each year from 1 January to 31 December; “Half year” refers to from 1 January to 30 June or from 1 July to 31 December for each fiscal year;