/ Validity, dissolution Sample Clauses
The 'Validity, dissolution' clause defines the conditions under which an agreement remains in effect and the circumstances that can lead to its termination. Typically, this clause outlines the duration of the contract, renewal procedures, and specific events—such as breach, mutual agreement, or fulfillment of obligations—that may trigger dissolution. Its core practical function is to provide clear guidelines for both parties regarding the lifespan of the agreement and the process for ending the contractual relationship, thereby reducing uncertainty and potential disputes.
/ Validity, dissolution. 1. The Agreement shall take effect upon being signed by the Parties.
2. The Agreement shall expire regardless of outstanding obligations which remain in effect due to its implementation and completion in the following cases:
a) the Project is ended, all obligations stemming from the Grant Agreement are met and the NA accepts the final report,
/ Validity, dissolution. 1. The Agreement shall take validity upon being signed by the Parties but shall have retroactive effect from the starting date of the eligibility period laid down in the Grant Agreement.
2. The Agreement shall expire regardless of outstanding obligations which remain in effect due to its implementation and completion in the following cases:
/ Validity, dissolution. The Agreement shall take effect upon being signed by the Parties.