Negotiation of a New Agreement Sample Clauses
The "Negotiation of a New Agreement" clause outlines the process by which parties agree to enter discussions for establishing a new contract, typically upon the expiration or termination of an existing agreement. This clause may specify timelines for initiating negotiations, the procedures to be followed, and any obligations to negotiate in good faith. Its core practical function is to ensure a smooth transition between agreements, minimizing disruptions and providing a clear framework for continued business relationships.
Negotiation of a New Agreement. 7.1 Negotiations for a new Enterprise Agreement will commence no later than February 2020.
Negotiation of a New Agreement. The clause differs from the current clause. Negotiations will commence six months prior to the nominal expiry of the 2022 agreement. The current clause specifies a particular
Negotiation of a New Agreement. The operations of the 1969 SACUA have been criticized by all the SACU members, each from their own perspectives. In 1994 when the new South African Government came to power the re-negotiation of the SACUA were initiated. The terms of reference of the renegotiation included the following, which encapsulated the criticism of the respective members: • The lack of consultation and the democratization of SACU’s decision-making procedures; • T he establishment of a permanent SACU authority (a secretariat) to regulate and manage the affairs of the institution as well as the provision of dispute settlement and customs tariff consultation mechanisms; • Specific complaints of the BLNS economies, notably the price-raising effect of the South African tariff, delays in the disbursement of revenue and the perceived influence of SACU provisions and practices on the industrial development of the BLNS; • An appropriate industrial strategy and closer cooperation regarding industrial development policies, including infant industry protection and the development of industries that are of major importance to the members of the Customs Union; • The development of agriculture and agro- industries and the marketing of agricultural products in the CCA; and • The retention or exclusion of excise duties as part of the revenue pool. The renegotiation of the SACU Agreement was largely concluded in 2001, except for some institutional arrangements, and now requires ratification by the countries’ parliaments. The new agreement envisages two major changes:
Negotiation of a New Agreement. This Agreement shall not automatically renew upon its expiration except as the Term may be extended for one additional year as provided in Paragraph 4 herein. Rather, following expiration of the Term, a new Employment Agreement may be negotiated by the Parties at any time in the Board’s sole and unfettered discretion by giving ▇▇▇▇▇ at least 90 days’ written notice of its intent to enter into negotiation of a new Employment Agreement, and in no event later than 90 days prior to the expiration. Similarly, if the Board determines not to negotiate a new Employment Agreement with ▇▇▇▇▇, it must provide ▇▇▇▇▇ with written notice of its intent not to negotiate a new Employment Agreement with ▇▇▇▇▇ no later than 90 days prior to the expiration of the Term. Notwithstanding the foregoing, the Board shall endeavor to provide ▇▇▇▇▇ with written notice of its intent to enter into negotiations of a new Employment Agreement with ▇▇▇▇▇ or its intention not to negotiate a new Employment Agreement with ▇▇▇▇▇ no later than 180 days prior to the expiration of the Term.
Negotiation of a New Agreement. This Agreement shall not automatically renew upon its expiration. Rather, a new Employment Agreement may be negotiated by the Parties at any time in the BOARD’s sole and unfettered discretion by giving ▇▇▇▇▇ a minimum of 90 days’ written notice of intent to negotiate such a new Employment Agreement, and in no event later than 90 days prior to the expiration of the Term of this Agreement. Similarly, if the BOARD determines not to negotiate a new such Employment Agreement with ▇▇▇▇▇, it must provide ▇▇▇▇▇ with written notice of such intention not to negotiate any Agreement no later than 90 days prior to expiration of the Term of this Agreement.