PURPOSE AND EXCLUSIVITY Sample Clauses
The "Purpose and Exclusivity" clause defines the specific objectives of the agreement and establishes whether the relationship between the parties is exclusive. Typically, this clause outlines the intended activities or goals that the parties aim to achieve together and specifies if either party is restricted from engaging in similar arrangements with third parties during the term of the agreement. By clearly stating the scope and exclusivity of the relationship, this clause helps prevent misunderstandings and ensures that both parties are aligned on their commitments and limitations.
PURPOSE AND EXCLUSIVITY. THE PURPOSE OF THESE DISPUTE NOTIFICATION AND RESOLUTION PROCEDURES (THE "PROCEDURES") IS TO PROVIDE SELLER AND ITS MANAGERS, MEMBERS, OFFICERS, AGENTS, EMPLOYEES, BROKERS, AND OTHER REPRESENTATIVES, AND PURCHASER OR OTHER OWNER OF AN INTEREST IN THE UNIT, AND ANY PERSONS CLAIMING THEREUNDER (COLLECTIVELY, FOR PURPOSES OF THIS SECTION, THE "PARTIES"), WITH A MECHANISM TO RESOLVE DISPUTES THAT ARISE IN CONNECTION WITH THIS PURCHASE AGREEMENT. THE PARTIES AGREE THAT THESE PROCEDURES SHALL BE THE METHOD EMPLOYED TO RESOLVE ALL DISPUTES.
PURPOSE AND EXCLUSIVITY. The purpose of these alternative dispute resolution provisions (“ADR Provisions”) is to provide Seller and Buyer with a mechanism to resolve Disputes, as defined herein, that may develop in the future concerning the subject matter of the Agreement. The Parties agree that these ADR Provisions are the exclusive method to resolve all Disputes and that the goal of both Parties in agreeing to these ADR Provisions is to ensure that all Disputes are resolved in the most expeditious and inexpensive manner possible. All provisions of these ADR Provisions are to be interpreted with that purpose in mind.
PURPOSE AND EXCLUSIVITY. The Joint Venturers form this Joint Venture to: To extend the Quanta brand, technology and product lines into the Canadian markets. To the extent set forth in this Agreement, each of the Joint Venturers shall own an undivided fractional part in the business. The Joint Venture shall not engage in any other new associated business or activity without the written consent of the Joint Venturers. Venturers mutually agree to extend exclusivity in the nation of Canada for a period of one year from the execution date of this agreement. Future grant of exclusivity will be determined by performance metrics that shall be set and agreed upon at a later date.
PURPOSE AND EXCLUSIVITY. The indemnification referred to in the various Sections of this Article shall be deemed to be in addition to and not in lieu of any other rights to which those indemnified may be entitled under any statute, rule of law or equity, agreement, vote of the stockholders or Board of Directors, or otherwise. The Corporation is authorized to enter into agreements of indemnification. The purpose of this Article is to augment the provisions of the Oregon Business Corporation Act dealing with indemnification.
PURPOSE AND EXCLUSIVITY. The indemnification referred to in the various subsections of this Article VIII shall be deemed to be in addition to and not in lieu of any other rights to which those indemnified may be entitled under any statute, specifically but without limitation § 30-1-850 through 30-1-859, Idaho Code in effect as of the date these Articles are filed, or as may be subsequently amended, rule of law or equity, agreement, vote of the shareholders or Board of Directors or otherwise. The Corporation is authorized to enter into agreements of indemnification. The purpose of this Article VIII is to augment the provisions of applicable Idaho law dealing with indemnification.