NO RECISSION Clause Samples
The "No Recission" clause establishes that the parties to an agreement cannot cancel or undo the contract once it has been executed, except under specific, usually limited, circumstances. In practice, this means that even if one party later regrets the deal or discovers new information, they are generally bound to the terms and cannot simply void the agreement. This clause is commonly used to provide certainty and stability in contractual relationships, ensuring that both parties can rely on the enforceability of the contract and are protected from unilateral withdrawal or reversal.
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NO RECISSION. The parties exclude every possibility to rescind and dissolve this Deed for any reason whatsoever.
NO RECISSION. To the extent permitted by Law, the Parties waive their rights, if any, to (i) in whole or in part annul, rescind or dissolve (including any ontbinding or gehele ▇▇▇ wel partiële ontbinding en vernietiging), or demand in legal proceedings the annulment, rescission or dissolution in whole or in part of this Agreement, including on the basis of Section 7:17 of the DCC and (ii) invoke Section 6:228 of the DCC in the sense that an error (dwaling) shall remain for the risk and account of the Party in error as referred to in Section 6:228, subsection 2 of the DCC. Furthermore, each of the Parties waives its rights, if any, to in whole or in part seek the alteration of this Agreement pursuant to Section 6:230 of the DCC.
NO RECISSION. The parties hereto covenant and agree that none of them will seek recission of the Merger in the event that the pooling-of-interests method of accounting is unavailable for the Merger.
NO RECISSION. Rescission of the Agreement shall not be available as a remedy at law or in equity to either party hereto or their successors or permitted assigns in the event of a breach of or other default under this Agreement. Nothing herein contained shall affect any other right or remedy of either party hereto.
NO RECISSION. To the extent permitted by law, the Parties waive their rights, if any, to (i) in whole or in part annul, rescind or dissolve (including any gehele d▇▇ wel partiële ontbinding en vernietiging) this Agreement, and (ii) invoke section 6:228 of the Dutch Civil Code in the sense that an error (dwaling) shall remain for the risk and account of the Party in error as referred to in section 6:228, subsection 2 of the Dutch Civil Code. The rights of the Purchaser arising out of the provisions under Title 1 of Book 7 of the Dutch Civil Code are hereby expressly excluded (to the extent these provisions do not contain mandatory law). In the event of a breach of this Agreement, the only remedy for the Purchaser shall be a claim for specific performance (nakoming) or damages, provided that in respect of a Warranty Breach a claim may only be made for damages.
NO RECISSION. 11.1 The Buyers shall not be entitled to rescind this agreement after Completion.