Consideration for Performance Clause Samples
The Consideration for Performance clause defines the compensation or benefit that one party provides in exchange for the other party's fulfillment of contractual obligations. Typically, this involves specifying the amount, timing, and method of payment, or outlining other forms of consideration such as goods, services, or rights. By clearly establishing what is given in return for performance, this clause ensures that both parties understand their respective obligations and helps prevent disputes over whether adequate consideration has been provided, thereby supporting the enforceability of the contract.
POPULAR SAMPLE Copied 2 times
Consideration for Performance. The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.
Consideration for Performance. The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided. Time is of the essence in Contractor’s performance of this Agreement. The Contractor shall not subcontract an amount exceeding ten percent (10%) of this Agreement’s Contract Amount to any single Subcontractor for any Work provided hereunder, unless the JBE/AOC agrees to the subcontract in writing. The Contractor shall require each Subcontractor to comply with the provisions of this Contract. No party to this Agreement shall in any way contract on behalf of or in the name of another party to this Agreement. If performance is delayed as a result of Force Majeure, the affected party shall provide prompt Notice to the other party and shall be excused from default or delay in performance while such circumstances prevail so long as such party continues to use commercially reasonable efforts to recommence performance as soon as possible. Changes or Amendments to any component of the Contract Documents can be made only with prior written approval from the JBE/AOC. An oral understanding or agreement shall not be binding on any of the parties. Requests for changes or Amendments must be submitted to the JBE/AOC in writing and must be accompanied by a narrative description of the proposed change and the reasons for the change. After the JBE/AOC reviews the request, a written decision shall be provided to the Contractor. BEO’s may be used to make changes that do not modify the terms and conditions of the Agreement. Amendments to the Agreement shall be authorized via bilateral execution of a Standard Amendment Coversheet form. Additional funds may not be encumbered under the Agreement due to an act of Force Majeure, although the performance period of the Agreement may be amended due to an act of Force Majeure. An Amendment is required to change the Contractor’s name as set forth on the Standard Amendment Coversheet form. Upon receipt of legal documentation notifying the JBE/AOC of the novation change, the JBE/AOC will process an Amendment for the change.
Consideration for Performance. The consideration to be paid to the Contractor under this Agreement will be compensation for all Judicial Council of California, Administrative Office of the Courts Standard Agreement No. Agreement Number with Contractor Name the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.
Consideration for Performance. The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided. Time is of the essence in Contractor’s performance of this Agreement. The Contractor shall not subcontract an amount exceeding ten percent (10%) of this Agreement’s Contract Amount to any single Subcontractor for any Work provided hereunder, unless the AOC agrees to the subcontract in writing. The Contractor shall require each Subcontractor to comply with the provisions of this Contract. No party to this Agreement shall in any way contract on behalf of or in the name of another party to this Agreement.