Explanatory Memorandum Sample Contracts

EXPLANATORY MEMORANDUM
Explanatory Memorandum • February 23rd, 2024

The Agreement on the European Economic Area (hereinafter referred to as ‘the EEA Agreement’) allows Iceland, Liechtenstein and Norway (‘the EEA EFTA States’) to participate fully in the single market. In conjunction with this, since the entry into force of the Agreement in 1994, these three countries have also contributed to the alleviation of economic and social disparities in the European Economic Area on the basis of Article 115 of the Agreement. In addition, Norway has contributed through a separate Norwegian financial mechanism. The most recent financial mechanisms expired on 30 April 2021.1

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EXPLANATORY MEMORANDUM
Explanatory Memorandum • August 18th, 2017

The CARIFORUM – EU Economic Partnership Agreement (EPA), under Chapter 2, Section 2 ‘intellectual property’, Article 1451, establishes the level of protection of geographical indications, terms of protection and other parameters. However, no list of protected geographical indications has been established under this Agreement. For this reason, the EPA also contains in its Article 145 a rendezvous clause requiring the parties to complete the provisions on geographical indications and to establish the list of protected geographical indications.

EXPLANATORY MEMORANDUM
Explanatory Memorandum • May 28th, 1999
EXPLANATORY MEMORANDUM
Explanatory Memorandum • September 20th, 2017

The Partnership Agreement in the fisheries sector between the European Community and the Union of the Comoros1 (referred to below as ‘the Comoros’) provides for its termination by either party in the event of serious circumstances, such as failure to comply with undertakings made by the Parties with regard to combating illegal, unreported and unregulated fishing (referred to below as ‘IUU fishing’). Termination of the agreement requires written pre-notification by the party seeking the termination, which must be submitted at least six months in advance of the termination.

EXPLANATORY MEMORANDUM
Explanatory Memorandum • February 29th, 2024

The Agreement on the European Economic Area (hereinafter referred to as ‘the EEA Agreement’) allows Iceland, Liechtenstein and Norway (‘the EEA EFTA States’) to participate fully in the single market. In conjunction with this, since the entry into force of the Agreement in 1994, these three countries have also contributed to the alleviation of economic and social disparities in the European Economic Area in accordance with Article 115 of the EEA Agreement. In addition, Norway has contributed through a separate Norwegian financial mechanism. The most recent financial mechanisms expired on 30 April 2021.1

EXPLANATORY MEMORANDUM
Explanatory Memorandum • October 15th, 2019

The Agreement establishing an Association between the European Union and its Member States, on the one hand, and Central America on the other (the “Association Agreement”) was signed on 29 June 2012 and it has not yet fully entered into force, pending the ratifications of some Member States.

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