Formal Validity Sample Clauses

Formal Validity. According to the Brussels Convention, the prorogation agreement must be in “writing or by an oral agreement evidenced in writing”.370 The purpose of such wording of Article 17 on 365 ECJ, Case C-214/89, Powell Duffryn plc v Wolfgang Petereit, 10 March 1992, ECLI:EU:C:1992:115. 366 ECJ, Case C-214/89, Powell Duffryn, par. 31. 367 ECJ, Case C-214/89, Powell Duffryn, par. 31. 368 ECJ, Case 23/78, Meeth, par. 8, 9. 369 U. MAGNUS, Article 25, in Brussels I Bis Regulation, 2016, op. cit., p. 620. 370 According to the Jenard Report, the wording determining formal requirements of rule on prorogation of jurisdiction was similar to the Convention between Germany and Belgium, which was based on the rules of the Hague Convention of 15 April 1958 on the jurisdiction of the selected forum in the case of international sale of goods, and the Hague Convention of 25 November 1965 on the choice-of-court. The German-Belgian Convention specifies that an agreement within the meaning of that Article 3 para 2 shall exist only if a party has made its declaration in writing and the opponent has accepted it or if the agreement has been confirmed in writing: «..eine Vereinbarung im Sinne dieser Vorschrift liegt nur vor, wenn eine Partei ihre Erklärung schriftlich abgegeben und die Gegenpartei sie angenommen hat oder wenn die Vereinbarung für den Fall, daß sie mündlich getroffen ist, von einer Partei schriftlich bestätigt worden ist, ohne daß die Gegenpartei der Bestätigung widersprochen hat.» .The Hague Convention of 15 April 1958 in Article 2 provides that when the parties designate the forum in oral form, such designation is valid only if it has been expressly confirmed by a formal requirements was “not to impede commercial practice” and avoid “excessive formality” which is “incompatible with commercial practice”. At the same time, it should not recognize the effect of the agreements on jurisdiction, unless they were the subject of an agreement which implied the consent of all the parties.371 Indeed, the jurisdiction clauses in the printed forms for business correspondence or in the invoices do not have legal force if they are not agreed to by the party against whom they would operate.372 The valid consent of the parties must be granted. The weight given to the written document, which evidences a previous oral agreement, is assessed by the Member State court (i.e., whether a written document serves as evidence of the existence of the agreement).373 The reference to international tr...
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Related to Formal Validity

  • Bid Validity 15.1 Bids shall remain valid for a period not less than ninety days after the deadline date for bid submission specified in Clause 20. A bid valid for a shorter period shall be rejected by the Employer as non- responsive.

  • Term of validity 8.1. This Agreement comes into effect after it is accepted by an Introducing Broker on the Company’s website.

  • Validity The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

  • Survival and Enforceability of this Arbitration Clause This Arbitration Clause shall survive the expiration or termination, or any transfer, of the warranty on your unit. If any part of this Arbitration Clause, except waivers of class-action rights, is found to be unenforceable for any reason, the remainder of this clause and the warranty shall remain enforceable. If, in a case in which class-action allegations have been made, the waiver of class-action rights under this warranty is found to be unenforceable with respect to any part of the dispute, the parts of the dispute as to which the waiver of class-action rights have been found unenforceable will be severed and will proceed in court without reference or application of this Arbitration Clause. Any remaining parts will proceed in arbitration.

  • Authorization and Validity This Agreement and each promissory note, contract, instrument and other document required hereby or at any time hereafter delivered to Bank in connection herewith (collectively, the "Loan Documents") have been duly authorized, and upon their execution and delivery in accordance with the provisions hereof will constitute legal, valid and binding agreements and obligations of Borrower or the party which executes the same, enforceable in accordance with their respective terms.

  • Period of validity The Rate Contract will be valid for period of two year from the date of issue date of Rate Contract. It may be further extended after approval of competent authority till the finalization of new rate contract, if required.

  • Effect of Invalidity If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of its terms and provisions to persons and circumstances other than those to which it has been held invalid or unenforceable shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law.

  • ADMISSIBILITY OF REPRODUCTION OF CONTRACT Notwithstanding the best evidence rule or any other legal principle or rule of evidence to the contrary, the Contractor acknowledges and agrees that it waives any and all objections to the admissibility into evidence at any court proceeding or to the use at any examination before trial of an electronic reproduction of this contract, regardless of whether the original of said contract is in existence. EXHIBIT D NYSERDA PROMPT PAYMENT POLICY STATEMENT

  • Period of Validity of Bids a) Bids submitted by the bidders shall remain valid during the period specified in the NIB/ bidding document. A Bid valid for a shorter period shall be rejected by the procuring entity as non-responsive Bid.

  • VALIDITY OF CONTRACT The contract, if awarded shall be valid for an initial period of 1 (one) year from the date of commencement of work subject to the renewal for two years of one block each after expiry of initial period of three years subject to satisfactory performance. In case of breach of contract or in the event of not fulfilling the minimum requirements/statuary requirement/satisfactory services etc., the SBI shall have the right to terminate the contract forth with at any time in addition to forfeiting the performance security amount deposited by the contractor and initiating necessary action as deemed fit including de-paneling your firm etc. solely at the discretion of the SBI.

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