Force and Effect of the Contract. The contract enters into its force and effect on the day of its signing by both contracting parties.
Force and Effect of the Contract. 10.1. This Contract shall take effect and come into force on the day it is signed by authorized representatives of both Contracting Parties. The contractual relationship established by this Contract may be terminated by: written agreement of both Contracting Parties, withdrawal from the Contract. Withdrawal from the Contract is possible solely for the purposes laid down by the Contract or applicable legal regulations. A Contracting Party affected by breach of an obligation of the other Contracting Party may unilaterally withdraw from the Contract for its substantial breach, while substantial breach is considered to be in particular the following: On part of the Buyer: Failure to pay the Purchase Price under the Contract within a period exceeding 30 days after the due date of the relevant invoice, Substantial violation of the obligations under the Contract (in particular failure to provide necessary cooperation to the Seller, even after an additional period provided by the Seller). On part of the Seller: Failure to deliver the subject matter of the Contract in due and timely manner and in compliance with the terms and conditions stipulated by the Contract and failure to remedy such fact within 3 working days after receiving the written notice from the Buyer, Procedure of the Seller in contravention to the provisions stipulated hereof, instructions of the authorized representative of the Buyer or legal regulations, Inability to deliver new and original goods in accordance with the terms and conditions of this Contract, The event when a bankruptcy petition was filed pursuant to Act No. 182/2006 Coll., on Bankruptcy and Its Settlement Methods (the Insolvency Act), or when within insolvency proceedings held against the Seller's assets initiated upon petition of a creditor a bankruptcy decision was issued or the insolvency petition was rejected because the assets were not sufficient to cover the costs of such insolvency proceedings, or when forced administration was imposed on the Seller in accordance with the special legal regulations, Insubstantial breach of Xxxxxx’x obligations under the Contract if the Seller fails to remedy the defects within the additional period provided, Transfer of Seller’s liabilities, obligations or rights under the Contract to another entity without the prior consent of the Buyer.
Force and Effect of the Contract. This Contract comes into force on the date of being signed by authorised representatives of both Contracting Parties. The Contract can be terminated by: written agreement of the Contracting Parties, withdrawal from the Contract. The Contracting Party may withdraw from the Contract only for reasons stipulated in the Contract or by law. The Party affected by the breach of an obligation may unilaterally withdraw from the Contract for substantial breach of the Contract, where the substantial breach of this Contracts refers particularly to: the Buyer´s failure to pay the purchase price under this Contract within a period of time exceeding 30 days after the due date of the relevant invoice; the Seller´s failure to perform the subject-matter of this Contract properly and in time and to remedy the situation within 5 business days after the Buyer´s written notification of the failure to perform the Contract; on the part of the Seller, if the Seller performs the Contract contrary to the provisions of this Contract or legal regulations. Following the termination of this Contract, all obligations of the Parties under this Contract will cease to exist. The right to damages and payment of contractual penalties agreed in case of any breach of contractual obligations incurred prior to the termination of the Contract, and all and any obligations of the Contracting Parties which, according to this Contract or by their nature, should survive also the termination thereof, or where it is provided by law, will not be affected by the termination of the effect of the Contract or by its discharge.
Force and Effect of the Contract. 10.1. This Contract shall take effect and come into force on the day it is signed by authorized representatives of both Contracting Parties. The contractual relationship established by this Contract may be terminated by:
Force and Effect of the Contract. 1. The Contract has been made for a definite period and shall become valid on the date of its signature by both Contracting Parties.
Force and Effect of the Contract. This Contract comes into force on the date it is signed by both Contracting Parties. This Contract comes into effect either by date of its publication according to Section 6 (1) of the Act No. 340/2015 Coll., on the Register of Contracts (hereinafter referred to as the “Register of Contracts Act”).
