Agreement Term Meaning

To the extent that use is expressly permitted under the framework contract, SAP grants the supplier, for the duration of the contract, a revocable, non-exclusive and non-transferable license for the use of the logo in accordance with the SAP logo usage guidelines in all countries, which are authorized in accordance with the scope of the agreed program and in accordance with the provisions of this section 5. It is not mentioned in article 1. If you define “agreement” (and high value), you do so on the front page of the first page of the contract or in the recitals. Don`t set (or repeat or enter the defined scope) in the definition article. If something needs to be clarified, you do so in an interpretation section that also explains other references in the agreement or in a full clause of the contract in the other section at the end of the contract. According to the IAEA, the agreement has three main points that Iran has all respected. “Since then, the CIA has paid out more than $1 million under the agreement,” the report says. The good news is that in August, California reached an agreement with the U.S. Forest Service to intensify these efforts, with the goal of treating one million hectares per year for the next two decades. To define the agreement? Many authors define the concept of this agreement (or, if necessary, this act, amendment, etc.) in the introductory clause. The definition of the concept as such is not necessary: the simple article used in this agreement (used throughout the document) indicates the need for a defined term, because to which other agreement would it be referred? As noted in point 2.3 of this RFP, the successful candidate is designated as a “contractor.” Duration of contract: The university intends to enter into an agreement with the contractor for the implementation of the services for a period of two (2) years, with three (3) conditions of renewal of one year (one year) optional. This is all the more evident since the text contains a comprehensive agreement stipulating that lists and annexes are an integral part of this agreement and that references to this agreement contain its lists and annexes.

In theory, the concept of this agreement could be construed as referring to that sentence or contractual clause (for example, the arbitration agreement. B), but (i) if it contains relevance, plus ii) the likelihood that a party will claim that the agreement is only for one party, plus (iii) the likelihood that a court will accept that interpretation is far removed. Although it is superfluous, I personally prefer to use chords as a defined term. These examples are automatically selected from different online sources of information to reflect the current use of the word “agreement.” The opinions expressed in the examples do not reflect the views of Merriam-Webster or its publishers. Send us comments. Ronald Reagan approved the agreement and the USTR reviewed Korean practices until the end of his term. By agreement, all parties met at Indian Spring to consider a second contract in early February 1825. When the obligations of one or more ERS resources are exhausted before the expiry of a standard ERS contract period, ERCOT decides whether renewal credits should be included in the future term of the ERS contract.

The duration of the contract is “at will” and can be terminated by the trader for no reason, after thirty (30) days of written termination and without penalty. If no ERS resource requirement for an ERS service type is exhausted during an ERS contract term pursuant to Section 3.14.3.3, “Emergency Response Service Provision and Technical Requirements,” the duration of the ERS contract for this type of service expires at the end of the last operating day of the standard duration of the ERS contract. Note: Under common law, the agreement is a necessary part of a valid contract.