CAN Purchase a Release Sample Clauses
The 'CAN Purchase a Release' clause allows a party to obtain a formal release from certain obligations or liabilities by making a specified payment or fulfilling particular conditions. In practice, this means that if a party wishes to exit a contract or be freed from specific duties, they can do so by paying an agreed-upon sum or meeting set criteria outlined in the agreement. This clause provides a clear, structured mechanism for parties to limit their ongoing responsibilities, thereby offering flexibility and reducing potential disputes over future obligations.
CAN Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of [AMOUNT (IN WORDS)] ($[AMOUNT (NUMERICALLY)]) as payment to the Owner.
CAN Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of US Dollars ($ ) as payment to the Owner.
CAN Purchase a Release. The Employee has the option, during the Term or any period thereafter, to purchase and waive all liability of the Non-Compete and this Agreement for the sum of $ as payment to the Employer.
CAN Purchase a Release. If the Company or Owner requiring the non-compete agreement to be placed in effect is willing to allow the Recipient to purchase a release from the conditions it places, then the second checkbox statement that is presented in Article V must be selected. After making this selection, you must produce the requirements and cost the Recipient must meet to purchase a release from liability for any non-competition behavior (defined by this agreement) that he or she may or will engage in. VI. Confidential Information (28) Releasing Information. Much of this agreement has focused on the potentially competitive behavior of its Recipient and the control the Owner wishes imposed to prevent the Recipient from contributing to, engaging in, or causing unfair competition on the market. The topic of sensitive information such as the Company or Owner’s intellectual property, trade secrets, proprietary information, and other confidential data should be addressed. If this agreement only pertains to practices and relationships that would cause unfair competition on the market and will not impose any restrictions on the dispersion of the Owner’s information, then select the first statement option.
CAN Purchase a Release. The Consultant has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Client.
CAN Purchase a Release. The Seller has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Buyer.