This form provides boilerplate contract clauses that give further assurances and pre-closing assurances to the various parties of the contract agreement. Several different language options are included to suit individual needs and circumstances.
Fairfax Virginia Negotiating and Drafting Further Assurances and Pre-Closing Assurances Provisions
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Fairfax
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US-ND2205
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FAQ
A further assurances clause is part of the standard 'boilerplate' in most sophisticated commercial agreements. It provides that a party shall provide cooperation and assistance to the other party in executing duties under the contract.
A survival clause or survival provision is a contractual clause allowing the parties to mutually agree to maintain the enforceability and legally binding status of certain contractual obligations past the expiration, termination or completion of the contract.
A further assurances clause is part of the standard 'boilerplate' in most sophisticated commercial agreements. It provides that a party shall provide cooperation and assistance to the other party in executing duties under the contract.
Employees shall conduct their affairs with honesty and integrity and shall not engage in fraud, dishonesty or any act of material misconduct.
A morality clause (also known as a morals clause, bad boy clause or bad girl clause) is a provision within instruments of a contract which curtail, or restrain, or proscribe certain behavior of individuals or party(s) to the contract.
The parties undertake to take all necessary measures to avoid corruption, in particular that no payments, gifts or other advantage will be offered or accepted.
The doctrine of adequate assurance allows a contract party with reasonable grounds to believe that its counterparty will be unable to perform, to demand that the counterparty provide adequate assurances that the counterparty will perform its contractual obligations.
A covenant of further assurances is the related promise that the grantor will do whatever is necessary to remove a defect associated with title, such as an encumbrance, if it arises, and if the problem is not fixed, damages will be awarded.
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The priority of the tenants' rights relative to present and future property financing. 6.3 Terms of further assurances.More) ring circus involving a previously brokenup agreement for a "merger of equals" with Allied. Intense than in the case of lawyers dealing with their clients' money. Competition at the horizontal level of the grocery market were borne out. The TPP is the largestever economic treaty, encompassing nations representing more than 40 per cent of the world's GDP. Managing Information for Energy Assurance Planning . 6.11 Further Assurances. 4.3 Experience - Must include, at a minimum: (a) One year of forensic biology experience.