Contingent liability termination clause

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August undefined, 2024

WebNov 11, 2024 · They define contingent liability in two ways: a possible obligation that arises from past events, and characterised by uncertain future events outside the control of the parties; or a present obligation … WebRemove Advertising. Liability. 1. The parties agree that any data subject, who has suffered damage as a result of any breach of the obligations referred to in Clause 3 or in Clause 11 by any party or subprocessor is entitled to receive compensation from the data exporter for the damage suffered. Sample 1 Sample 2 Sample 3 See All ( 1k) Liability.

3.3 Contingent payments: compensation or consideration …

WebIf this Agreement is terminated, the County shall pay to the Contractor any and all sums due, owing, and unpaid to the Contractor by the County for work performed through the date of termination, less any and all sums owed by the Contractor to the County, and less any and all deductions or other offsets the County may have. Web(a) If a contract can be terminated by each party at any time without compensating the other party for the termination (that is, other than paying amounts due as a result of goods or services transferred up to the termination date), the duration of the contract does not extend beyond the goods or services already transferred. password spray microsoft

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WebDec 10, 2024 · Contingent liability: a possible obligation depending on whether some uncertain future event occurs, or a present obligation but payment is not probable or the … WebOct 21, 2024 · Employers' liability insurance policies tend to place limits on payouts per employee, per injury, and overall. These limits might be as low as $100,000 per worker, $100,000 per incident, and... WebNotwithstanding any provision of this Option Agreement to the contrary, other than termination of the Grantee’s Continuous Service for Cause, if a sale within the applicable time periods set forth in Sections 5, 6, 7 or 8 herein of Shares acquired upon the exercise of the Option would subject the Grantee to suit under Section 16(b) of the ... password spray azure ad

Settlement and Release Sample Clauses: 134 Samples Law Insider

WebMay 17, 2024 · The effect of signing such a waiver, however, means that the employee will no longer have a right to sue their employer for wrongful termination. Instead, the employee will receive some sort of benefit (usually a severance package) in exchange for giving up their right to sue. In other words, the employee will have no means of legal recourse ... WebAn acquirer may enter into an arrangement to make contingent payments to the selling shareholders of the acquiree. These arrangements need to be analyzed to determine if they should be included in the consideration transferred for the acquiree (i.e., contingent consideration), accounted for as a separate transaction apart from the business … password spray attack vs brute forceWebJan 31, 2024 · Entity A enters into a four-year service contract with Customer X with a right to cancel the contract at the end of each year. Contract 1 requires Customer X to pay an … tint world coral springs

"WebProvided the contingency identified in Section4 below has occurred and the payment identified in Section3 below has been received by Landlord, the Lease shall be deemed terminated effective 5:00 p.m. on the date on which Landlord and ARM execute a lease for the Premises (the “Termination Date”). " - Contingent liability termination clause

Contingent liability termination clause

Termination or Replacement of Debtor-Related Contingent Liability ...

WebContingent Liability. Where we effect or arrange a Transaction, you should note that, depending upon the nature of the Transaction, you may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out … No Liability. Notwithstanding anything to the contrary set forth in this Agreement , … WebApr 9, 2024 · A contingency fee agreement template can help you to create a comprehensive, well-organized document. It should typically include the following: …

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WebApr 4, 2024 · CT note: While this article is addressing voluntary dissolution and termination, it may be noted that the LLC statutes also provide for administrative dissolution for LLCs that fail to comply with certain compliance requirements and for … WebCite. Contingent Nature Of Severance Pay Obligations. The Company shall have no payment obligations under this Agreement, and shall not be required to reserve any funds in relation to this Agreement, unless and until there is a termination of Executive ’s employment that gives rise to such payment obligations. Sample 1 Sample 2 Sample 3 …

Web5. Indemnification clause. An indemnification clause protects you from liability if you’re sued by a third-party due to negligence on the client’s end. If an attendee is injured, for example, the clause ensures that the attendee cannot hold you legally responsible. Another example is damage to the venue. WebIn the event of termination pursuant to this Article 23.1, subject to Article 23.1.3, Purchaser shall be entitled to refund by Contractor of all payments made by Purchaser for the terminated Work plus interest thereon at the interest rate stipulated in Article 5.3.1 hereof from the date payment was received to the date the refund is received …

WebApr 9, 2024 · A contingency fee agreement template can help you to create a comprehensive, well-organized document. It should typically include the following: Identification: The agreement should identify the date, attorney or law firm, and client name, along with the address of each. Legal Matter: The contingency fee agreement should … WebExamples of termination clauses include: Example 1. Negotiating severance pay for the supposed termination of employees. Example 2. Performing M&A due diligence when considering a new venture. Example 3: Counterparties buying and selling an asset with limitations. Many projects can benefit from a termination clause.

WebContingent liabilities are possible obligations whose existence will be confirmed by uncertain future events that are not wholly within the control of the entity. An example is litigation against the entity when it is uncertain whether the entity has committed an act of wrongdoing and when it is not probable that settlement will be needed.

Web3. Some stakeholders have raised questions about how termination clauses in a contract are evaluated in determining the duration of the contract. The duration of the contract … password spraying attack definitionWebAgreement Termination In the event Contractor is unable to fulfill its responsibilities under this Agreement for any reason whatsoever, including circumstances beyond its … tint world chattanoogaWebApr 1, 2024 · This Agreement shall terminate, without notice, (i) upon the institution by or against either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of either party’s debts, (ii) upon either party making an assignment for the benefit of creditors, or (iii) upon either party’s dissolution or ceasing … password spray attack on autodiscoverWebMar 10, 2024 · Health insurance: Terminated employees are entitled to a continuation of the health coverage received under the company for up to 18 months, according to the Consolidated Omnibus Budget Reconciliation Act (COBRA). The document should detail this condition and include the coverage's end date. tint world duluth gaWebContingent Obligations at Termination means, at the time of the termination of this Agreement, Obligations either (i) constituting contingent indemnification obligations with respect to events, acts or conditions that (x) occur after (and do not exist at the time of such termination) or (y) as to which none of the Loan Parties, the Administrative … tint world charlotteWebBut even if there is such an agreement or severance policy, then the agreement or policy should also require the execution of a severance agreement in order to receive the severance pay and benefits. Practical Tip : Severance policies or plans that require the payment of severance should also require the former employee to sign a release ... password spraying attack vs brute forceWebContingent Liabilities. Directly or indirectly guarantee the performance or payment of, or purchase or agree to purchase, or assume or contingently agree to become or be … tint world detailing prices