Legal Formalities. All actions and proceedings and all instruments and documents required to implement this Agreement or any other agreements incidental thereto, and all other legal matters relating to the purchase of the Vendors's Rights by the Purchaser shall have been approved as to form and legality by counsel for the Purchaser.
Legal Formalities. Generally, a contract may be oral or in writing. However, certain contracts are required to be in writing and may even require registration. For instance, an agreement to a pay a time – barred debt must be in writing; an agreement to make a gift must be in writing and registered. In such cases, these additional formalities must be complied with.
Legal Formalities. An oral Contract is a perfectly valid contract, except in those cases where writing, registration etc. is required by some statute. In India writing is required in cases of sale, mortgage, lease and gift of immovable property, negotiable instruments; memorandum and articles of association of a company, etc. Registration is required in cases of documents coming within the scope of section 17 of the Registration Act.
Legal Formalities. Exchange of contracts will take place as soon as possible, but in any event no later than the expiry of eight weeks from instructing solicitors, with completion fourteen days thereafter. COSTS Each party to bear their own costs. MONEY LAUNDERING REGULATIONS The Purchaser will be required to provide proof of identification to comply with Money Laundering Regulations in the form of a copy of the Purchaser’s passport, together with a copy of a recent utility bill as proof of residence.
Legal Formalities. Both parties hereto agree to comply with all applicable federal, state and local laws. By signing this Agreement, both parties acknowledge that they understand that Title 18 of the United States Code prohibits fraud by wire, including, but not limited to, illegal use of services such as telephone or telegraph, and that using such service facilities with intent to commit fraud is a federal offense. It is the desire and intent of the parties that the provisions of this Agreement be enforced to the fullest extent permissible under the laws of the State of Utah. Accordingly, the terms of this Agreement are determined to be severable, and if any particular portion is determined to be invalid or unenforceable, such determination shall only apply to that portion of this Agreement, and the balance of this Agreement shall nevertheless be enforceable to the fullest extent permissible under the laws and public policies applying thereto. No breach of this Agreement shall be deemed waived unless expressly waived in writing by the party charged with such waiver. The waiver by the Company of a breach of any provision of this Agreement shall not be construed as a waiver by the Company of any subsequent breach. No waiver of any breach or violation hereof shall be implied from failure by the Company to take action. Agent agrees that damages cannot reasonably compensate the Company in the event of a violation of the covenants set forth in this Agreement, and that it would be difficult to ascertain the lost profits which would be suffered and that, by reason thereof, injunctive relief would be essential for the protection of the Company. Accordingly, Agent hxxxxx agrees that in the event of any such breach, the Company may seek and obtain such injunctive relief without proving damages or posting a bond in order to prevent a continued violation of the terms of this Agreement Agent, therefore, agrees that the Company may apply for a temporary restraining order and temporary and permanent injunctions against the Agent without advance notice to Agent. The foregoing shall not limit the Company in the pursuit of other remedies. Agent further agrees that in the event the Company is compelled to seek legal redress for the breach of Agent's obligations hereunder, and the Company is successful in obtaining the injunction and/or damages or otherwise, Agent will additionally be liable to the Company for all attorney's fees and costs of the suit. Neither party will be liable for failure t...
Legal Formalities. At the time of the execution and delivery of this Agreement by each of the parties hereto and from time to time thereafter when requested by the Owner, the City shall cause to be executed and delivered on the City’s behalf such certificates and other evidence (addressed to the Owner and such other addresses as the Owner may request), in form and substance reasonably satisfactory to the Owner, as the Owner may request to represent and evidence further, that all necessary actions have been taken and all measures and procedures required by applicable state and local laws, statutes, ordinances, codes and other requirements have been satisfied in order to authorize the execution and delivery of this Agreement by the City and the performance of the City of the obligations imposed upon the City hereunder and that this Agreement is the valid and binding obligations of the City, enforceable in accordance with its terms.
Legal Formalities. Fail to maintain all customary formalities regarding its existence and operation, including holding regular meetings of the parties responsible for its governance, whether shareholders, directors, partners, members or managers, as applicable,
Legal Formalities. Exchange of contracts shall take place as soon as possible, but in any event no later than the expiry of 8 weeks from instructing solicitors, with completion 7 days thereafter. COSTS Each party is to bear their own costs. LOCAL AUTHORITY Durham County Council 03000 260000 VIEWING Viewing is strictly by appointment only.
Legal Formalities. Depending on jurisdictional requirements, there may be specific legal formalities or filings associated with activating a trust, especially if it involves substantial assets or complex provisions. Importance of Activation: • Activation is crucial because it transforms the trust from a theoretical entity into a practical and functional one. • It provides clarity on the roles and responsibilities of trustees, ensuring that they understand their duties in managing and distributing trust assets. • Activation also triggers legal and tax implications, such as establishing the trust’s tax identification number and ensuring compliance with relevant laws. In essence, activation in a non-grantor trust signifies the moment when the trust becomes operational and ready to fulfill its intended purposes under the terms set forth in the trust agreement. Understanding Trust Activation Activation of a trust is the pivotal moment when your trust becomes legally effective and operational. Initially, when you receive your trust book, it contains all the necessary documents and forms. However, until you sign these documents, the trust remains inactive—it's essentially a collection of papers. Key Steps in Activation:
Legal Formalities
