From Both Parties Sample Clauses
The "From Both Parties" clause establishes that certain obligations, rights, or actions are required or permitted from both parties involved in the agreement, rather than just one. In practice, this means that responsibilities such as providing information, giving consent, or performing specific duties must be reciprocated by each party. For example, both parties may be required to notify each other of changes or to approve amendments. This clause ensures mutuality and balance in the contractual relationship, preventing one-sided obligations and promoting fairness.
From Both Parties. Each party represents and warrants that it has the full right and authority to enter into, execute, and perform its obligations under this Agreement and that no pending or threatened claim or litigation know to it would have a material adverse impact on its ability to perform as required hereunder.
From Both Parties. Each party represents and warrants that: (a) it has the full right and authority to enter into, execute, and perform its obligations under this Agreement and that no other legally binding contract, document or instrument, no pending or threatened claim or litigation known to it would have a material adverse impact on its ability to perform its obligations as required by this Agreement; (b) it is a corporation, or another entity authorized to do business pursuant to the applicable law; (c) this Agreement is signed by a duly authorized person who has the legal capacity to execute and deliver this Agreement.
From Both Parties. Based on Articles 3 and 12.1 of the Basic Agreement of Scientific and, Technical cooperation, endorsed by the Governments of Mexico and the United States of America, on June 18, 1972, both parties have resolved to sign this Agreement of Interinstitutional Academic Cooperation and have declared their approval to what is stipulated here. In approval of the aforementioned statements, both parties grant what is recorded in á the following: