Common use of Review and Modification Clause in Contracts

Review and Modification. A. Upon request of either party, both parties will review this Agreement annually in order to determine whether its terms and conditions are still appropriate. The parties agree to renegotiate terms and conditions hereof if it is mutually determined that significant changes in this Agreement are necessary. There are no obligations to agree by either party. B. Modifications to the provisions of this Agreement, with the exception of Section IV., Agreement Management, shall be valid only through execution of a formal written amendment to the Agreement.

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

AutoNDA by SimpleDocs

Review and Modification. A. Upon request of either party, both parties will review this Agreement annually in order to determine whether its terms and conditions are still appropriate. The parties agree to renegotiate terms and conditions hereof if it is mutually determined that significant changes in this Agreement are necessary. There are no obligations to agree by either party. B. Modifications to the provisions of this Agreement, with the exception of Section IV., Agreement Management, shall be valid only through execution of a formal written amendment to the Agreement.

Appears in 1 contract

Samples: Memorandum of Agreement

Review and Modification. A. Upon request of either party, both parties will review this Agreement annually in order to determine whether its terms and conditions are still appropriate. The parties agree to renegotiate terms and conditions hereof if it is mutually determined that significant changes in this Agreement are necessary. There are no obligations to agree by either party. B. Modifications to the provisions of this Agreement, with the exception of Section Sections II. B. 1. and IV., Agreement Management, shall be valid only through execution of a formal written amendment to the Agreement.

Appears in 1 contract

Samples: Memorandum of Agreement

Review and Modification. A. Upon request of either party, both parties will review this Agreement annually in order to determine whether its terms and conditions are still appropriate. The parties agree to renegotiate terms and conditions hereof if it is mutually determined that significant changes in this Agreement are necessary. There are no obligations to agree by either party. B. . Modifications to the provisions of this Agreement, with the exception of Section IV., Agreement ManagementAGREEMENT MANAGEMENT, shall be valid only through execution of a formal written amendment to the Agreement.

Appears in 1 contract

Samples: Memorandum of Agreement

AutoNDA by SimpleDocs

Review and Modification. A. Upon request of either party, both parties will review this Agreement annually in order to determine whether its terms and conditions are still appropriate. The parties agree to renegotiate terms and conditions hereof if it is mutually determined that significant changes in this Agreement are necessary. There are no obligations to agree by either party. B. . Modifications to the provisions of this Agreement, with the exception of Section IV., Agreement ManagementAGREEMENT MANAGEMENT, shall be valid only through execution of a formal written amendment to the Agreement.

Appears in 1 contract

Samples: Memorandum of Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!