Common use of Inception Clause in Contracts

Inception. Membership in the Consortium is open to each invited party on an annual basis. Collaborator’s Member rights under the Consortium take effect immediately when each Party has signed the Agreement and Collaborator has provided its first payment of dues as set forth under the Agreement.

Inception. Membership in the Consortium is open to each invited party person or organization on an annual basis. Collaborator’s Member Membership rights under the Consortium take effect immediately when each Party a person or organization has signed the Agreement and Collaborator has provided its first payment of dues as set forth under the Agreement.