Definitions Section In An Agreement
Define the terms in an important agreement, and the other agreement may have an explanation that the defined terms have the same meaning as in the great agreement mentioned above. “total,” the percentage of funds that must be made available to a joint venture to the pure enterprise under this agreement to finance joint venture activities under an approved program and budget. Approved program and budget: a program and budget for joint venture activities for a specified period of time, approved or deemed approved by the management committee in accordance with this agreement. What I think should be confidential will not be exactly what you think is confidential. Suppose you promised me not to tell anyone my confidential information. What would you like to say to others about me? The difficulty for you is that whenever you want to say something about me to someone else, you have to guess if this information is confidential as part of our agreement. Over time, we will probably disagree on whether something you revealed was actually confidential. Terms capitalized in an agreement (with the exception of proper names) are generally an invitation for the reader to refer to the “Definitions” section for a complete definition of the term. A defined term should preferably not be used before its definition, as far as possible.
Instead of saying “the company within the meaning of article” , a definition of the company should first be included in the agreement. This gives the reader an idea of the defined term before reaching the operational clauses in which the defined term was used. Joint venture activities are all exploration activities involved in the acquisition, operation, development, operation and maintenance of the Property Joint Venture, as well as all other activities, businesses and activities carried out by the joint ventures under this agreement, but do not include, unless otherwise agreed in writing, the development, mining, processing or marketing or sale of minerals. Unless expressly stated otherwise in this agreement, all communications, certificates, consent, consent, consent, waiver or other communication in connection with this agreement (communication) must be made in writing or by electronic transmission signed by the sender (if an individual) or an agent of the sender is reported to the attention of the person mentioned in the information, or, if the recipient has otherwise expressed attention. Key definitions used throughout the operational part of the contract are better used in the definition section of the treaty than in the recitals, since the recitals may have no legal value. This is not necessarily the approach taken in practice, as is the case with the 2012 International Petroleum Negotiater Association (AIPN) model for the Joint Enterprise Agreement (AIPN JOA). In the AIPN JOA, the term “contract” is defined in the recitals by reference to the contract for the sharing of the underlying production, the concession of the state, the license, the leasing base or any other instrument related to this particular JOA. The “contract” is defined in the “Definitions” section as “the instrument defined in the recitals of this agreement, including any extension, extension and/or amendment.” Now, wherever in the agreement, you want to fire the board of XYZ India Private Limited, just write “Board.” Do not write “Board of Directors,” “Board of Directors of the Company” or “Board of Directors of XYZ India Private Limited.”