Employ Advisors Clause Samples
The 'Employ Advisors' clause establishes the right or obligation for a party to engage professional advisors, such as legal, financial, or technical experts, in connection with the agreement. This clause typically outlines the circumstances under which advisors may be hired, who bears the cost, and whether the other party must be notified or consulted. Its core practical function is to ensure that parties have access to necessary expertise to fulfill their obligations or protect their interests, thereby reducing the risk of misunderstandings or errors in complex transactions.
Employ Advisors. Employ or retain Advisors for the purposes of fulfilling the Trustee's duties and obligations and exercising its powers in respect of the Trust, and as part of its reimbursable expenses under this Agreement, pay their reasonable fees and expenses. The Trustee shall be responsible for selecting such Advisors in accordance with the Standard of Care.