Mutually Dependent Clause Samples
The "Mutually Dependent" clause establishes that certain obligations or provisions within a contract are interlinked, meaning the performance of one party is contingent upon the performance of the other. In practice, this means that if one party fails to fulfill their responsibilities, the corresponding obligations of the other party may also be suspended or excused. For example, payment may only be required if services are rendered as agreed. This clause ensures fairness and balance by preventing one party from being held to their commitments if the other party does not uphold theirs, thereby reducing the risk of unilateral non-performance.
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Mutually Dependent. The provisions of Section 4 above regarding ▇▇▇▇▇▇▇▇▇’ continued employment related to operational, technical and engineering matters and DRI’s continuing obligations to ▇▇▇▇▇▇▇▇▇ which are related thereto, and the covenants and agreements of ▇▇▇▇▇▇▇▇▇ set forth in Section 6 above, are mutually dependent, and ▇▇▇▇▇▇▇▇▇ understands and agrees that a violation of any of the provisions of Section 6 above will be considered a material breach of this Agreement, and further acknowledges and agrees that irreparable harm to the Company would result from breach by him of any such provisions. Accordingly, notwithstanding any provision of this Agreement to the contrary, ▇▇▇▇▇▇▇▇▇ will permanently forfeit any rights to continued employment by the Company as set out under the provisions of Section 4 above, and the Company may immediately terminate such employment, beginning on the date that either (i) ▇▇▇▇▇▇▇▇▇ violates any provision of Section 6 above, or (ii) all or any part of, or the application of, Section 6 above is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between ▇▇▇▇▇▇▇▇▇ and DRI, and on such date any continuing obligations of the Company to ▇▇▇▇▇▇▇▇▇ tied to his continued employment shall be extinguished.
Mutually Dependent. The provisions of Section 4 above regarding Rykhoek’s continued employment and DRI’s continuing obligations to Rykhoek which are related thereto, and the covenants and agreements of Rykhoek set forth in Section 6 above, are mutually dependent, and Rykhoek understands and agrees that a violation of any of the provisions of Section 6 above may be considered a material breach of this Agreement, and further acknowledges and agrees that irreparable harm to the Company would result from a breach by him of any such provisions. Accordingly, notwithstanding any provision of this Agreement to the contrary, Rykhoek will permanently forfeit any rights to continued employment by the Company as set out under the provisions of Section 4 above, and the Company may immediately terminate such employment, beginning on the date that either (i) Rykhoek violates any provision of Section 6 above, or (ii) all or any part of, or the application of, Section 6 above is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between Rykhoek and DRI, and on such date any continuing obligations of the Company to Rykhoek tied to his continued employment shall be extinguished.