NONCANCELLABLE CONTRACTS Sample Clauses
A noncancellable contracts clause establishes that the agreement between the parties cannot be terminated before its stated expiration date, except under specific, limited circumstances. In practice, this means that once both parties have entered into the contract, they are legally bound to fulfill all obligations and cannot withdraw or end the agreement unilaterally, even if their circumstances change. This clause provides certainty and stability for both parties by ensuring that the commitments made will be honored for the full contract term, thereby reducing the risk of unexpected termination and allowing for better long-term planning.
NONCANCELLABLE CONTRACTS. At the time of closing, there is no material leases, employment contracts, contracts for services, or maintenance, or other similar contacts, existing or related to or connected with the operation of Seller's business not cancelable within thirty (30) days.
NONCANCELLABLE CONTRACTS. There are no leases, employment contracts, contracts for services or maintenance, or other similar contracts existing or relating to or connected with the operation of Seller’s business that cannot be cancelled on 30 days’ notice or fewer.
NONCANCELLABLE CONTRACTS. At the time of License Transfer, other than those disclosed in Exhibit E, and other than the Lease, there will be no material leases, employment contracts, contracts for services, or maintenance, or other similar contacts, existing or related to or connected with the operation of Seller's Business not cancelable within thirty (30) days.
NONCANCELLABLE CONTRACTS. At the time of Closing, there will be no material leases, employment contracts, contracts for services or maintenance, or other similar contracts existing or relating to or connected with the operation of GP's business not cancelable within thirty (30) days, except those Agreements listed on Exhibit B.
NONCANCELLABLE CONTRACTS. At Closing there will be no material leases, employment contracts, contracts for services or maintenance, or other similar contracts existing or relating to or connected with the operation of Seller's business which Buyer is obligated to assume, other than those specifically described in Section 1.2 of this Agreement.