Single Participant Clause Samples
The "Single Participant" clause defines the agreement as being between only one participant and the other party, rather than involving multiple participants or a group. In practice, this means that all rights, obligations, and responsibilities outlined in the contract apply solely to the named individual or entity, and not to any affiliates, subsidiaries, or additional parties. This clause ensures clarity by preventing ambiguity about who is bound by the contract, thereby reducing the risk of disputes over participation or liability.
Single Participant. For a Participant who is not married, “Qualified Joint and Survivor Annuity” means an annuity for the life of the Participant.
Single Participant frameworks involve establishing a framework with a single participant contractor. It is intended that contracting authorities will use single participant frameworks for response maintenance work only. Response maintenance is maintenance work of a time critical nature with a small monetary value (generally less than €5,000 per Task Order). Contracting authorities may choose to use this type of framework for response maintenance work if they feel that a continuous relationship with a single participant is the most appropriate means of ensuring that short response times are achieved. Contracting authorities should use a Framework Agreement only if it intends to establish a list of reserve participant contractors. If the contracting authority does not intend to establish a list of reserve participants it need only use the Term Maintenance and Refurbishment Works Contract by itself. Only one Framework call-off Option, Option E, applies in a single participant framework. Details of the specialists that are required to be used must then be included in the Schedule to the Form of Tender (FTS 12) and details of their tendered terms included at Appendix 2 to either ITT W6 or ITT W7 depending on whether a restricted or an open procedure is to be used.
(i) The Maximum Sum included in the contract shall not exceed €2.0m and;
(ii) The maximum duration shall not exceed 2 years in the case of multi participant frameworks and shall not exceed 4 years in the case of a single participant framework or standalone contract. Both these limits must be stipulated in the appropriate section of the Schedule to the Form of Tender and Schedule (FTS12). In the case of the contract duration this runs from the date that the tender accepted section of the FTS12 is sent in accordance with clause 1.7 of the TMRC.