Rights and Obligations of the Contractual Parties Sample Clauses
The 'Rights and Obligations of the Contractual Parties' clause defines the specific duties, responsibilities, and entitlements of each party involved in the contract. It typically outlines what each party is required to do, such as delivering goods, making payments, or providing services, as well as what each party is entitled to receive in return. By clearly delineating these roles and expectations, this clause helps prevent misunderstandings and disputes, ensuring that both parties are aware of and can enforce their respective rights and obligations under the agreement.
Rights and Obligations of the Contractual Parties. The Contractor undertakes to fulfil all of its covenants entered into hereunder with professional care, at its own cost and risk, and to observe the deadlines imposed in Art. VIII hereof and in the Schedule, for the Price set forth in Art. XI. hereof. The Client undertakes to deliver to the Contractor any and all source documents, materials or other information, which are necessary for the execution of the Work and which the Contractor can reasonably request from the Client under the condition that the Contractor raised any such requirements with sufficient advance ensuring fulfilment of the deadlines for Deliverables as defined herein. The Contractor shall be obliged to take into account, in the execution of the Work hereunder, all requirements of the Client that are aimed at achieving the highest quality of the objectives hereof, unless such are contrary to the law. The Contractor shall be obliged to inform the Client on the progress achieved in the Work’s execution, at least once each three months in the form of an e-mail. The Contractor shall be obliged to elaborate interim reports on the progress, and to submit these reports to the Client for review during work visits taking place according to this Framework Contract, or upon the Client’s request, in sufficient advance prior to such work visit that enables the Client to familiarize himself with the interim report. The Contractor undertakes, under the terms and conditions hereof, in accordance with instructions issued by the Client and using all necessary professional care, to: duly archive all written material prepared in connection with the execution of the Work hereunder and to provide access to the Client to these archived documents until 2021. The Client shall be entitled to take possession of these documents after ten years from the completion of the Work hereunder from the Contractor free of charge; cooperate during financial inspections carried out in accordance with Act 320/2001 Coll., on Financial Inspections, as amended, i.e. to allow the Managing Authority of the Operational Program Research and Development for Innovation (hereinafter the “Sponsor”) to access also those portions of the tender (bid) submitted within the Procurement Procedure, the Framework Contract, Orders and related documents which may be protected by special legal regulation, given that all requirements set forth by legal regulation with respect to the manner of executing such inspections will have been observed; the Cont...
Rights and Obligations of the Contractual Parties. The Contractual Parties agree on co-participating in implementing the project specified in Article I subject to the project implementation plan – Appendix No. 2 of this contract.
Rights and Obligations of the Contractual Parties. 1. The Coordinator and the Partner shall act so as not to jeopardise the implementation of the project and the interest of the Contractual Parties.
2. The Coordinator and the Partner undertake to bear full responsibility for the implementation of the activities they are to carry out pursuant to this Agreement, such that the purpose of the Agreement would be met no later than the project implementation end date specified in Article 1 clause 3 point 2) of this Agreement.
Rights and Obligations of the Contractual Parties. 2.1 The Transferor shall deliver to the Bank the notice (hereinafter the “Pre-Completion Date Notice”), in which the Transferor is obliged to specify (i) the amount of the Escrow Amount and (ii) the business day, which must not occur earlier than 2 (two) business days upon the reception of the Pre-Completion Date Notice by the Bank, on which the Transfer Deed will be executed by the Transferor and the Transferee and on which the funds held on the Escrow Account shall be released by the Bank and credited to the Transferor's Account (hereinafter the „Completion Date”). The fulfilment of this obligation is a condition precedent for the release of the funds from the Escrow Account.
2.2 The Transferee hereby undertakes to deposit the Escrow Amount into an EUR account (the “Account” or the “Escrow Account”) as follows:
a) The amount as specified in the Pre-Completion Date Notice shall be credited to the Account by a cashless transfer of the Transferee’s own funds, at least one (1) business day before the Completion Date, but not later than on
2.3 Provided that the Escrow Amount is not credited to the Account no later than on in full in the
Rights and Obligations of the Contractual Parties. 1. MIAS shall provide training in accordance with the studying plan and shall facilitate to the participant of CZ PREP courses possibility to take part in this training. The training shall be carried out in accordance with the studying timetable. The participants of the course who will successfully pass final test will be given a document (certificate) of the completion of the preparatory course.
1.a) If there will be a situation when the student is not to be in Prague at the beginning of the academic year, MIAS is forced to move CZ PREP course to online education. And for the necessary time. The CZ PREP course will start by synchronous online teaching, i.
Rights and Obligations of the Contractual Parties. The Contractor undertakes to fulfil all of its covenants entered into hereunder with professional care, at its own cost and risk, and to observe the deadlines imposed in Art. VIII hereof and in the Schedule, for the Price set forth in Art. XI. hereof. The Client undertakes to deliver to the Contractor any and all source documents, materials or other information, which are necessary for the execution of the Work and which the Contractor can reasonably request from the Client under the condition that the Contractor raised any such requirements with sufficient advance ensuring fulfilment of the deadlines for Deliverables as defined herein.
Rights and Obligations of the Contractual Parties. 1. The Licensor shall deliver the work including the user manual on installation CD thereto in English and the installation CD to the Licensor up to 30 days from the day when the license agreement takes effect.
2. The Licensor may provide to the Licensee updates of the work after completion of the new version of the work.
3. The Licensee shall provide to the Licensor a written report on exploiting of the work and the results of such exploiting, signed and stamped by authorized person, and deliver it by mail at least once a year or upon the written request of the Licensor without unreasonable delay.
Rights and Obligations of the Contractual Parties. 1. The Contractor undertakes to fulfil all of his covenants entered into hereunder with professional care, at his own cost and risk, and to observe the deadlines imposed in Art. V hereof and the Price set forth in Art. VII hereof. 2. The subject of the Work shall be changed through a change request depending on the circumstances that are able to thwart the purpose of the Contract, such as new state of scientific and technical knowledge and development. The Client is entitled to propose a change request to adjust the subject of the Work within the rules of the Public procurement procedure. The Contractor is obliged to accept it insofar as it is reasonable and de facto and de jure possible for the Contractor and to bring a new offer.
Rights and Obligations of the Contractual Parties