Duly Existing Sample Clauses
The 'Duly Existing' clause affirms that a party to the agreement is properly organized and legally recognized under the laws of its jurisdiction. This means the entity has been validly formed, is in good standing, and has the authority to enter into contracts. For example, a corporation would need to be registered and compliant with state requirements to be considered duly existing. The core function of this clause is to ensure that all parties have the legal capacity to fulfill their obligations, thereby reducing the risk of unenforceable agreements due to a party's lack of legal status.
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Duly Existing. Each of the Parties represents and warrants that it is duly existing, and each Party hereto represents and warrants that it has the full power and authority to enter into this Agreement, and that there are no other Persons whose consent to this Agreement or whose joinder herein is necessary to make fully effective the provisions of this Agreement.
Duly Existing. The Target Company is a limited liability company duly incorporated and existing under relevant laws.
Duly Existing. The Company is a limited liability company duly incorporated and existing under the laws of China.
Duly Existing. Each of the Parties represents and warrants that it is duly existing, and each Party hereto represents and warrants: (a) that it has the full power and authority to enter into this Agreement and to perform all of the covenants and agreements stated herein; (b) that this Agreement has been executed freely and voluntarily, without economic compulsion or other duress, and with full knowledge of its legal significance and consequences; (c) that there are no other Persons whose consent to this Agreement or whose joinder herein is necessary to make fully effective the provisions of this Agreement; and (d) that its signatories have been properly authorized to execute this Agreement and to enter into this Agreement on behalf of the Party and to bind the Party to perform all of the covenants and agreements stated herein
Duly Existing. [ * ] * The omitted information is confidential and is being filed separately with the Securities and Exchange Commission.