Availability of funds clause: Copy, customize, and use instantly
Introduction
An availability of funds clause ensures that the parties involved in a contract confirm the availability of sufficient funds to meet their financial responsibilities. This clause serves to protect the interests of the party expecting payment or financial performance, ensuring that the other party has the necessary financial resources to fulfill their obligations.
Below are templates for availability of funds clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
General availability of funds clause
This variation applies when both parties agree to ensure that funds will be available to meet their obligations under the agreement.
Both parties represent and warrant that they have sufficient funds or credit available to meet the financial obligations set forth in this agreement. The availability of such funds will be maintained throughout the term of the agreement to ensure timely performance of all obligations.
Availability of funds for specific purpose clause
This variation applies when funds must be available for a specific purpose under the agreement.
[Party Name] agrees to maintain sufficient funds for the sole purpose of fulfilling the obligations specified in this agreement. The funds will be available for [specific purpose], and [Party Name] shall provide proof of availability upon request.
Availability of funds confirmation clause
This variation applies when one party must confirm the availability of funds.
[Party Name] confirms that sufficient funds are available and will be made available when required for the full and timely execution of the terms of this agreement. If at any time during the term of the agreement, the funds become unavailable, [Party Name] agrees to promptly notify [Other Party Name].
Availability of funds for payment clause
This variation applies when the funds are specifically available for payment obligations.
[Party Name] warrants that it will have sufficient funds available to make all payments due under this agreement. In the event that [Party Name] is unable to access the necessary funds, [Party Name] agrees to notify [Other Party Name] and make alternative arrangements for payment.
Availability of funds upon request clause
This variation applies when funds must be made available upon request.
[Party Name] agrees to make sufficient funds available upon request to meet all obligations under this agreement. Upon request by [Other Party Name], [Party Name] shall provide evidence of the availability of funds to fulfill the requirements of this agreement.
Availability of funds for contract performance clause
This variation applies when funds must be available to perform contractual obligations.
[Party Name] affirms that sufficient funds will be available at all times during the term of this agreement to fully perform all contractual obligations. [Party Name] further agrees that any shortfall in funds will be rectified promptly to avoid delays in performance.
Availability of funds and credit facilities clause
This variation applies when the party has credit facilities available to meet their obligations.
[Party Name] confirms that it has access to sufficient credit facilities to meet all obligations arising from this agreement. The availability of credit will be maintained for the duration of the agreement to ensure performance of all financial commitments.
Availability of funds subject to conditions clause
This variation applies when the availability of funds is subject to specific conditions.
[Party Name] agrees to maintain sufficient funds to meet its obligations under this agreement, subject to the availability of credit or funds in its operating accounts. If at any time the funds are unavailable due to circumstances beyond [Party Name]'s control, [Party Name] will notify [Other Party Name] and discuss alternatives for performance.
Availability of funds for delivery or services clause
This variation applies when the funds are specifically available for delivery or services.
[Party Name] warrants that sufficient funds are available for the delivery of goods or services under this agreement. These funds will be available at the time of delivery or performance and will not be contingent upon external factors that may delay performance.
Availability of funds on a rolling basis clause
This variation applies when funds must be available on an ongoing basis.
[Party Name] agrees to ensure the continuous availability of sufficient funds throughout the duration of the agreement. The funds will be replenished or replaced as necessary to ensure that performance is not interrupted due to insufficient funds.
Availability of funds for capital expenditures clause
This variation applies when funds are specifically allocated for capital expenditures.
[Party Name] guarantees that sufficient funds will be allocated for capital expenditures necessary to perform under this agreement. These funds will be available and earmarked exclusively for the purposes outlined in the agreement.
Availability of funds to secure performance clause
This variation applies when funds are available to secure performance of the contract.
[Party Name] agrees to ensure that sufficient funds are available to secure the performance of all obligations under this agreement, including any potential penalties, liquidated damages, or other financial obligations arising from non-performance or breach.
Availability of funds clause with guarantee
This variation applies when the availability of funds is guaranteed by a third party.
[Party Name] guarantees the availability of sufficient funds to meet the obligations set forth in this agreement. In the event that [Party Name] is unable to provide the necessary funds, [Guarantor Name] will provide the funds necessary to ensure the fulfillment of the agreement.
Availability of funds and financial review clause
This variation applies when the parties agree to conduct a financial review to confirm the availability of funds.
Both parties agree to conduct a financial review to confirm the availability of sufficient funds to meet the obligations under this agreement. The review will take place at regular intervals or upon request by either party and will ensure that funds remain available throughout the term of the agreement.
Availability of funds in escrow clause
This variation applies when funds are placed in escrow to guarantee availability.
[Party Name] agrees to deposit the necessary funds into an escrow account to guarantee the availability of funds required to perform under this agreement. The funds will be released upon the completion of the terms and conditions outlined in the agreement.
Availability of funds for joint venture clause
This variation applies when funds are available for a joint venture or partnership.
[Party Name] guarantees that sufficient funds will be available to meet the joint venture's financial obligations under this agreement. The funds will be made available on an ongoing basis as necessary to support the success and execution of the joint venture.
Availability of funds for project financing clause
This variation applies when funds are specifically available for project financing.
[Party Name] confirms that sufficient funds are available to finance the [specific project] under this agreement. These funds will be allocated for project purposes, and any changes to the funding will be communicated immediately to [Other Party Name].
Availability of funds for settlement clause
This variation applies when funds are available for settlement of obligations.
[Party Name] agrees to make sufficient funds available for the settlement of all obligations under this agreement. If the funds are not available at the time of settlement, [Party Name] will inform [Other Party Name] and make alternative arrangements.
Availability of funds for asset acquisition clause
This variation applies when funds are available for acquiring assets under the agreement.
[Party Name] confirms that sufficient funds will be available to complete the acquisition of assets under this agreement. The funds will be available at the time of the asset transfer or purchase and will be used exclusively for the agreed-upon purpose.
Availability of funds for regulatory compliance clause
This variation applies when funds are available to meet regulatory compliance obligations.
[Party Name] agrees to ensure that sufficient funds are available to meet any regulatory compliance obligations arising under this agreement. The funds will be allocated to satisfy any fees, penalties, or requirements necessary to remain compliant with applicable regulations.
Availability of funds for performance security clause
This variation applies when funds are available for performance security or bonds.
[Party Name] agrees to provide sufficient funds for the performance security required under this agreement, including any bonds or guarantees necessary to ensure the fulfillment of the agreement’s terms.
Availability of funds for debt service clause
This variation applies when funds are specifically set aside for debt service under the agreement.
[Party Name] ensures that sufficient funds will be available to meet all debt service obligations arising from this agreement. The funds will be allocated specifically for servicing the debt and will not be used for any other purpose.
Availability of funds for termination payment clause
This variation applies when funds are available to pay for termination-related costs.
In the event of termination of this agreement, [Party Name] agrees to make available sufficient funds to cover any termination-related payments, including penalties, costs of performance up to the termination date, and any other required settlements.
Availability of funds for equity contribution clause
This variation applies when funds are available for equity contributions in a partnership or joint venture.
[Party Name] agrees to contribute sufficient equity funding to meet its obligations under this agreement. The equity contribution will be available and allocated to the project or venture as specified in the agreement.
Availability of funds for tax obligations clause
This variation applies when funds are available to meet tax obligations.
[Party Name] agrees to ensure the availability of sufficient funds to meet all tax obligations arising under this agreement. These funds will be used solely for the purpose of paying applicable taxes, including sales, income, or other relevant taxes.
Availability of funds for contingency clause
This variation applies when funds are set aside for contingencies under the agreement.
[Party Name] agrees to maintain a contingency fund to cover any unforeseen circumstances or additional expenses arising during the execution of this agreement. The availability of these funds will ensure the continued performance of the contract, even in the case of unexpected events.
Availability of funds for advance payment clause
This variation applies when funds are available to make advance payments under the agreement.
[Party Name] agrees to ensure that sufficient funds are available for the advance payment due under this agreement. The advance payment will be made upon signing the agreement, and no later than [specified date].
Availability of funds for service fees clause
This variation applies when funds are available to pay service fees under the agreement.
[Party Name] guarantees that sufficient funds will be available to cover the service fees outlined in this agreement. The fees will be paid in accordance with the agreed-upon schedule and will not be contingent upon other financial conditions.
Availability of funds for contract performance obligations clause
This variation applies when funds must be available to fulfill the performance obligations of the agreement.
[Party Name] confirms that it will maintain sufficient funds to fulfill its performance obligations under this agreement. The funds will be available at the time of performance, and the agreement will not be executed if the funds are unavailable.
Availability of funds for operating expenses clause
This variation applies when funds are available to cover operating expenses.
[Party Name] agrees to make sufficient funds available to cover the operating expenses incurred while fulfilling its obligations under this agreement. These funds will be allocated specifically to expenses related to the performance of the contract.
Availability of funds for final payment clause
This variation applies when funds are available for the final payment due under the agreement.
[Party Name] guarantees that sufficient funds will be available for the final payment due at the conclusion of this agreement. The final payment will be made in full on [Termination Date] or upon completion of the agreement's terms.
Availability of funds for interest payments clause
This variation applies when funds are available to cover interest payments.
[Party Name] agrees to ensure that sufficient funds are available to cover all interest payments due under this agreement. These payments will be made on time in accordance with the interest schedule outlined in the agreement.
Availability of funds for employee wages clause
This variation applies when funds are available for employee wages related to the contract.
[Party Name] ensures that sufficient funds will be available to cover the wages and salaries of employees engaged in the performance of this agreement. These funds will be available and allocated on a regular basis to meet payroll obligations.
Availability of funds for invoice settlement clause
This variation applies when funds are available to settle invoices under the agreement.
[Party Name] agrees to ensure that sufficient funds are available to settle all invoices submitted by [Other Party Name] under this agreement. Payments will be made within the specified time frame and will not be delayed due to a lack of funds.
Availability of funds for dispute resolution clause
This variation applies when funds are available to resolve disputes arising under the agreement.
[Party Name] agrees to maintain sufficient funds to cover any expenses or financial obligations arising from dispute resolution under this agreement. These funds will be available to cover arbitration fees, legal costs, or any penalties resulting from a dispute.
Availability of funds for legal fees clause
This variation applies when funds are available to cover legal fees under the agreement.
[Party Name] agrees to ensure that sufficient funds are available to cover all legal fees that may arise from this agreement, including any fees for dispute resolution, regulatory compliance, or litigation costs.
Availability of funds for performance bond clause
This variation applies when funds are required for a performance bond.
[Party Name] agrees to provide a performance bond by securing sufficient funds for the bond amount. The bond will be available as security for the completion of the project and will be released once all contractual obligations are fulfilled.
Availability of funds for contingency reserve clause
This variation applies when funds are set aside for unforeseen circumstances.
[Party Name] agrees to establish a contingency reserve by ensuring that sufficient funds are available to cover any unforeseen expenses or risks that may arise during the performance of this agreement. This reserve will be maintained throughout the contract term.
Availability of funds for refund clause
This variation applies when funds are available to issue refunds.
[Party Name] agrees to maintain sufficient funds to issue refunds in the event of non-performance or cancellation of this agreement. Refunds will be processed promptly and in accordance with the terms outlined in this agreement.
Availability of funds for insurance premiums clause
This variation applies when funds are available to pay insurance premiums.
[Party Name] agrees to ensure that sufficient funds are available to cover insurance premiums related to this agreement. These premiums will be paid on time to ensure the continuation of coverage throughout the term of the contract.
Availability of funds for overhead costs clause
This variation applies when funds are available to cover overhead costs associated with the agreement.
[Party Name] agrees to make sufficient funds available to cover overhead costs incurred during the performance of this agreement. These costs will include administrative expenses, utilities, and other indirect costs.
Availability of funds for procurement clause
This variation applies when funds are available to procure materials or services.
[Party Name] confirms that sufficient funds will be available for the procurement of any materials or services required to fulfill the obligations under this agreement. Procurement will be conducted in a timely manner to ensure the smooth execution of the contract.
Availability of funds for delivery expenses clause
This variation applies when funds are available to cover delivery expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover all delivery expenses associated with the goods or services provided under this agreement. This includes shipping, handling, and any customs fees required for delivery.
Availability of funds for tax obligations clause
This variation applies when funds are available to meet tax obligations under the agreement.
[Party Name] agrees to ensure that sufficient funds are available to meet any tax obligations arising under this agreement, including but not limited to sales tax, VAT, and other applicable taxes that may be due.
Availability of funds for environmental compliance clause
This variation applies when funds are required for compliance with environmental regulations.
[Party Name] agrees to ensure that sufficient funds are available to meet any environmental compliance costs arising from the performance of this agreement. These funds will be used to address any required environmental assessments, mitigation efforts, or regulatory fees.
Availability of funds for marketing and promotion clause
This variation applies when funds are available for marketing and promotional expenses.
[Party Name] agrees to ensure that sufficient funds are available for the marketing and promotion of the products or services under this agreement. These funds will be used for advertising, promotions, and other related activities as specified in the agreement.
Availability of funds for compliance with legal obligations clause
This variation applies when funds are available to comply with legal obligations.
[Party Name] agrees to maintain sufficient funds to meet any legal obligations arising from this agreement, including regulatory fines, compliance-related fees, and other legal expenses that may arise during the performance of the contract.
Availability of funds for settlement of claims clause
This variation applies when funds are available to settle claims under the agreement.
[Party Name] agrees to ensure that sufficient funds are available to settle any claims arising from this agreement, including claims for damages, penalties, or liabilities, within the prescribed time limits.
Availability of funds for loan repayment clause
This variation applies when funds are required to repay a loan related to the agreement.
[Party Name] agrees to maintain sufficient funds to repay any loans or financial obligations incurred as part of this agreement. The funds will be available to meet all payment obligations as outlined in the loan agreement.
Availability of funds for construction costs clause
This variation applies when funds are available for construction-related expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover all construction costs related to the project outlined in this agreement. These funds will be allocated to cover materials, labor, and other construction-related expenses.
Availability of funds for utility payments clause
This variation applies when funds are available for utility payments.
[Party Name] agrees to ensure that sufficient funds are available to pay for any utility costs incurred during the performance of this agreement, including electricity, water, gas, and other related services necessary for operations.
Availability of funds for grant disbursement clause
This variation applies when funds are available for disbursing grants under the agreement.
[Party Name] agrees to ensure that sufficient funds are available for the disbursement of grants or financial assistance under the terms of this agreement. The funds will be allocated and distributed in accordance with the agreed schedule and purposes of the grant.
Availability of funds for operational reserves clause
This variation applies when funds are available for operational reserves.
[Party Name] agrees to set aside and maintain sufficient funds as operational reserves to cover any unforeseen expenses or cash flow shortfalls that may occur during the execution of this agreement. These reserves will be available at all times during the term of the agreement.
Availability of funds for capital expenditures clause
This variation applies when funds are set aside for capital expenditures related to the agreement.
[Party Name] agrees to ensure that sufficient funds are available to cover capital expenditures related to the execution of this agreement. These funds will be allocated for the purchase of assets or investments necessary to meet the agreement’s requirements.
Availability of funds for operational liabilities clause
This variation applies when funds are available to cover operational liabilities.
[Party Name] agrees to ensure that sufficient funds are available to cover any operational liabilities arising from this agreement, including expenses for labor, insurance, equipment, or other liabilities necessary for the ongoing performance of the contract.
Availability of funds for payroll obligations clause
This variation applies when funds are available to cover payroll obligations.
[Party Name] agrees to maintain sufficient funds to cover all payroll obligations for employees working under this agreement. These funds will be available to ensure timely and complete payment of wages, bonuses, and other employee benefits.
Availability of funds for facility maintenance clause
This variation applies when funds are available to cover facility maintenance expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover all facility maintenance expenses required to maintain the premises in good condition throughout the term of this agreement.
Availability of funds for inspection and testing clause
This variation applies when funds are available for necessary inspections and tests.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs of any inspections, tests, or certifications required under this agreement, including those related to safety, environmental standards, or quality control.
Availability of funds for contractual penalties clause
This variation applies when funds are available to cover penalties imposed for non-compliance.
[Party Name] agrees to maintain sufficient funds to cover any contractual penalties or fines that may arise due to non-compliance with the terms of this agreement. These funds will be available at the time of the penalty or fine being imposed.
Availability of funds for subcontractor payments clause
This variation applies when funds are available to ensure subcontractor payments.
[Party Name] confirms that sufficient funds will be available to meet any obligations related to payments to subcontractors or third-party service providers engaged to perform work under this agreement.
Availability of funds for service level guarantees clause
This variation applies when funds are available to honor service level guarantees.
[Party Name] agrees to ensure that sufficient funds are available to meet any financial obligations arising from the failure to meet service level guarantees under this agreement, including any penalties or compensation owed.
Availability of funds for operational costs clause
This variation applies when funds are available for ongoing operational costs.
[Party Name] agrees to maintain sufficient funds to cover all ongoing operational costs associated with the performance of this agreement, including administrative expenses, utilities, and other necessary expenditures.
Availability of funds for compliance with labor laws clause
This variation applies when funds are available to comply with labor law requirements.
[Party Name] agrees to ensure that sufficient funds are available to comply with any labor law requirements arising during the performance of this agreement, including employee wages, benefits, and compliance-related costs.
Availability of funds for unforeseen project costs clause
This variation applies when funds are available for unforeseen costs during a project.
[Party Name] agrees to set aside sufficient funds to cover any unforeseen project costs that may arise during the execution of this agreement. These funds will be allocated to address unexpected expenses without disrupting the project's progress.
Availability of funds for tax filing obligations clause
This variation applies when funds are available for tax filing obligations.
[Party Name] confirms that sufficient funds will be available to cover all tax filing obligations under this agreement, including income tax, sales tax, and any other required tax filings, in a timely manner.
Availability of funds for international trade compliance clause
This variation applies when funds are available to meet international trade compliance costs.
[Party Name] agrees to ensure that sufficient funds are available to meet the costs associated with compliance with international trade regulations, including import/export duties, tariffs, and customs fees related to this agreement.
Availability of funds for warranty claims clause
This variation applies when funds are available to cover warranty claims.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs associated with honoring warranty claims under this agreement, including repairs, replacements, and any associated service costs.
Availability of funds for project delivery clause
This variation applies when funds are available to ensure timely project delivery.
[Party Name] agrees to maintain sufficient funds to ensure the timely delivery of the project under this agreement. These funds will be used to cover any unexpected delays or additional resources required to complete the project on schedule.
Availability of funds for cost overruns clause
This variation applies when funds are available to cover cost overruns during the execution of the agreement.
[Party Name] agrees to ensure that sufficient funds are available to cover any cost overruns incurred during the execution of this agreement. These funds will be used to complete the work as originally intended, even if costs exceed initial estimates.
Availability of funds for contingency plans clause
This variation applies when funds are available to implement contingency plans.
[Party Name] agrees to maintain a contingency fund to ensure the availability of sufficient funds to implement contingency plans in the event of unexpected challenges or circumstances that may arise during the execution of this agreement.
Availability of funds for environmental protection compliance clause
This variation applies when funds are available for environmental compliance costs.
[Party Name] agrees to ensure that sufficient funds are available to meet the costs associated with compliance with environmental protection laws and regulations throughout the duration of this agreement.
Availability of funds for intellectual property protection clause
This variation applies when funds are available for intellectual property protection.
[Party Name] agrees to maintain sufficient funds to cover the costs of protecting intellectual property rights related to this agreement, including filing fees, legal fees, and other related expenses necessary to safeguard these assets.
Availability of funds for disaster recovery clause
This variation applies when funds are available to cover disaster recovery expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs associated with disaster recovery in the event of an unforeseen disaster or emergency that impacts the performance of this agreement.
Availability of funds for export control compliance clause
This variation applies when funds are available to meet export control compliance obligations.
Both parties agree to ensure that sufficient funds are available to meet all obligations related to compliance with export control laws, including obtaining necessary licenses and permits and covering any associated fees.
Availability of funds for event-specific costs clause
This variation applies when funds are available for event-specific costs under the agreement.
[Party Name] agrees to ensure that sufficient funds are available to cover all event-specific costs associated with the execution of this agreement, including marketing expenses, venue fees, and any other necessary expenditures.
Availability of funds for contract termination costs clause
This variation applies when funds are available to cover costs in the event of contract termination.
[Party Name] agrees to ensure that sufficient funds are available to cover any costs associated with the termination of this agreement, including penalties, legal fees, and other obligations that may arise upon termination.
Availability of funds for emergency response clause
This variation applies when funds are available for emergency response situations.
[Party Name] agrees to maintain sufficient funds to cover any emergency response costs that may arise during the term of this agreement, including costs related to safety measures, hazard mitigation, or unexpected incidents.
Availability of funds for operational scaling clause
This variation applies when funds are available to scale operations under the agreement.
[Party Name] agrees to ensure that sufficient funds are available to scale operations as necessary to meet the demands of this agreement. These funds will be used to expand capacity, hire additional staff, or procure additional resources as required.
Availability of funds for technology upgrades clause
This variation applies when funds are available to cover technology upgrades.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs of upgrading technology or infrastructure required to fulfill the obligations under this agreement. These upgrades will be made promptly to ensure the continued success of the agreement.
Availability of funds for supplier payments clause
This variation applies when funds are available to make payments to suppliers.
[Party Name] agrees to ensure that sufficient funds are available to make timely payments to any suppliers or vendors involved in the execution of this agreement. Payments will be made according to the agreed-upon terms and conditions.
Availability of funds for investment in assets clause
This variation applies when funds are available for investment in assets required under the agreement.
[Party Name] agrees to ensure that sufficient funds are available for the purchase or investment in assets required for the execution of this agreement. These funds will be allocated to acquire any necessary assets, equipment, or technology.
Availability of funds for regulatory approval clause
This variation applies when funds are required to meet regulatory approval costs.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs of obtaining any necessary regulatory approvals, licenses, or permits required for the execution of this agreement.
Availability of funds for financial reporting clause
This variation applies when funds are available to cover the costs of financial reporting.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs associated with financial reporting and auditing obligations under this agreement, including fees for accountants, auditors, and other financial services.
Availability of funds for customer refunds clause
This variation applies when funds are available to cover customer refunds.
[Party Name] agrees to maintain sufficient funds to cover the costs of customer refunds in the event of dissatisfaction, cancellation, or breach of contract. These funds will be made available upon customer request and in accordance with the terms of this agreement.
Availability of funds for loan guarantee clause
This variation applies when funds are available to meet a loan guarantee.
[Party Name] agrees to ensure that sufficient funds are available to meet any obligations under the loan guarantee provided in relation to this agreement. The funds will be used to honor the guarantee if the borrower defaults on any obligations.
Availability of funds for compliance audits clause
This variation applies when funds are available to cover compliance audit expenses.
Both parties agree to ensure that sufficient funds are available to cover any costs associated with compliance audits required under this agreement, including audit fees, third-party assessments, and any related expenses.
Availability of funds for marketing campaign clause
This variation applies when funds are available for a marketing campaign.
[Party Name] agrees to ensure that sufficient funds are available to fund a marketing campaign related to this agreement. These funds will be used for advertising, promotions, and other marketing activities aimed at achieving the objectives of the agreement.
Availability of funds for staffing expenses clause
This variation applies when funds are available for staffing expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover staffing expenses required to execute this agreement. This includes wages, benefits, and any other employee-related costs that may arise during the term of the contract.
Availability of funds for operational logistics clause
This variation applies when funds are available for logistics expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover operational logistics expenses related to the performance of this agreement. This includes transportation costs, shipping fees, and any other logistical costs incurred.
Availability of funds for contract execution clause
This variation applies when funds are guaranteed for the execution of the agreement.
[Party Name] agrees to ensure that sufficient funds are available to fully execute all terms of this agreement. These funds will be used to cover all costs associated with the performance of the contract, including materials, labor, and any associated fees.
Availability of funds for risk mitigation clause
This variation applies when funds are set aside for risk mitigation efforts.
[Party Name] agrees to maintain sufficient funds for any necessary risk mitigation measures that may arise during the execution of this agreement. These funds will be used for unforeseen circumstances or liabilities that could affect the performance of the agreement.
Availability of funds for intellectual property costs clause
This variation applies when funds are required to cover intellectual property-related expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs associated with the registration, protection, and maintenance of intellectual property rights under this agreement, including patents, trademarks, copyrights, and any related legal fees.
Availability of funds for third-party claims clause
This variation applies when funds are available to resolve third-party claims.
[Party Name] agrees to maintain sufficient funds to settle any third-party claims arising from the performance of this agreement. These funds will be used to cover any claims, litigation, or settlements that may occur during the contract term.
Availability of funds for product development clause
This variation applies when funds are available for product development activities.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs of developing the product or service outlined in this agreement. These funds will be used for research, design, testing, and production as necessary to meet the contract's objectives.
Availability of funds for security deposits clause
This variation applies when funds are available for security deposits.
[Party Name] agrees to ensure that sufficient funds are available to provide the required security deposit under this agreement. The deposit will be held by [Other Party Name] and will be used to cover any potential liabilities or damages during the contract term.
Availability of funds for capital investment clause
This variation applies when funds are available for capital investment purposes.
[Party Name] agrees to ensure that sufficient funds are available for any capital investments required to fulfill the obligations of this agreement. These investments will be allocated to acquiring or upgrading assets that are necessary for the performance of the contract.
Availability of funds for penalties and liquidated damages clause
This variation applies when funds are available to cover penalties or liquidated damages.
[Party Name] agrees to maintain sufficient funds to cover any penalties or liquidated damages that may arise from a breach or failure to comply with the terms of this agreement. These funds will be used to settle any financial obligations resulting from non-performance.
Availability of funds for employee benefits clause
This variation applies when funds are available to cover employee benefits under the agreement.
[Party Name] agrees to ensure that sufficient funds are available to cover employee benefits for those involved in the execution of this agreement. This includes health benefits, retirement contributions, and any other benefits provided to employees under the terms of the contract.
Availability of funds for joint venture expenses clause
This variation applies when funds are available for joint venture expenses.
Both parties agree to ensure that sufficient funds are available to cover their respective contributions to the joint venture. These funds will be allocated to the operational, developmental, and financial needs of the venture as agreed upon by both parties.
Availability of funds for auditing costs clause
This variation applies when funds are available to cover audit expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs of any audits required under this agreement. This includes payments for third-party auditors, audit-related travel expenses, and any follow-up activities required to ensure compliance with the terms of the agreement.
Availability of funds for performance incentives clause
This variation applies when funds are available for performance-based incentives.
[Party Name] agrees to maintain sufficient funds to cover any performance-based incentives or bonuses due to employees, contractors, or other parties under this agreement. These incentives will be paid in accordance with the performance metrics and milestones specified in the contract.
Availability of funds for vendor payments clause
This variation applies when funds are available to pay vendors.
[Party Name] agrees to ensure that sufficient funds are available to pay all vendors and suppliers providing goods or services under this agreement. Payments will be made in accordance with the agreed terms and will not be delayed due to insufficient funds.
Availability of funds for research and development clause
This variation applies when funds are specifically available for research and development activities.
[Party Name] agrees to ensure that sufficient funds are available for any research and development activities required under this agreement. These funds will be used for the development of new technologies, products, or services that are central to the agreement's objectives.
Availability of funds for legal defense clause
This variation applies when funds are available to cover legal defense costs.
[Party Name] agrees to ensure that sufficient funds are available to cover the costs of legal defense in the event of any disputes, claims, or litigation arising from this agreement. These funds will be used for legal representation, court costs, and other related expenses.
Availability of funds for marketing expenses clause
This variation applies when funds are available to cover marketing expenses.
[Party Name] agrees to ensure that sufficient funds are available to cover all marketing and promotional expenses related to the goods or services provided under this agreement. These funds will be allocated to advertising, promotional events, and customer outreach efforts.
Availability of funds for taxes and duties clause
This variation applies when funds are available to cover taxes and duties.
[Party Name] agrees to ensure that sufficient funds are available to cover all taxes, duties, and other government-imposed fees associated with the execution of this agreement. These funds will be used to comply with local, state, and federal tax requirements.
Availability of funds for safety compliance clause
This variation applies when funds are available to ensure safety compliance.
[Party Name] agrees to ensure that sufficient funds are available to meet all safety and regulatory compliance requirements under this agreement. These funds will be allocated to ensure that all operations are carried out in a safe and compliant manner, in accordance with relevant laws and regulations.
Availability of funds for government fees clause
This variation applies when funds are available to pay government fees.
[Party Name] agrees to ensure that sufficient funds are available to pay any government fees or permits required to execute this agreement. These fees may include licensing, filing, registration, or other fees mandated by government authorities.
Availability of funds for research grants clause
This variation applies when funds are available for research grants under the agreement.
[Party Name] agrees to ensure that sufficient funds are available for the disbursement of research grants or financial assistance under the terms of this agreement. These funds will be allocated specifically for the intended research purposes and in compliance with grant guidelines.
Availability of funds for property leasing costs clause
This variation applies when funds are available to cover property leasing costs.
[Party Name] agrees to ensure that sufficient funds are available to cover property leasing or rental costs associated with the execution of this agreement. These funds will be used for payments to property owners and any other associated costs.
Availability of funds for currency exchange clause
This variation applies when funds are available for currency exchange.
Both parties agree to ensure that sufficient funds are available to cover any currency exchange costs associated with this agreement. These funds will be used to cover any fluctuations in currency values or exchange rates that may affect the agreement's financial transactions.
Availability of funds for capital expenditures clause
This variation applies when funds are available to cover capital expenditures.
[Party Name] agrees to ensure that sufficient funds are available for any capital expenditures that may arise during the performance of this agreement. These expenditures may include purchasing equipment, upgrading facilities, or acquiring other assets necessary for contract execution.
Availability of funds for settlement of tax liabilities clause
This variation applies when funds are available to settle tax liabilities.
[Party Name] agrees to ensure that sufficient funds are available to cover any tax liabilities arising from the performance of this agreement. These funds will be allocated to meet any tax obligations in a timely manner, avoiding penalties or legal issues.
Availability of funds for completion guarantee clause
This variation applies when funds are available to guarantee completion of the agreement.
[Party Name] agrees to ensure that sufficient funds are available to guarantee the completion of all obligations under this agreement. If any obligations are not completed, the funds will be used to cover the costs necessary to complete the contract.
Availability of funds for contract renewal clause
This variation applies when funds are available for the renewal of the agreement.
[Party Name] agrees to ensure that sufficient funds are available for the renewal of this agreement, including covering any renewal fees, adjustments to terms, and other related costs required for the continuation of the agreement.
Availability of funds for joint investment clause
This variation applies when funds are available for a joint investment under the agreement.
Both parties agree to ensure that sufficient funds are available for joint investments in the project or venture specified in this agreement. These funds will be used in proportion to each party's contribution, as outlined in the agreement’s investment terms.
Availability of funds for labor costs clause
This variation applies when funds are available to meet labor costs under the agreement.
[Party Name] agrees to ensure that sufficient funds are available to cover all labor costs associated with the execution of this agreement. These costs include wages, bonuses, and any other compensation due to employees working on the project.
Availability of funds for payment security clause
This variation applies when funds are available to provide security for payments.
[Party Name] agrees to provide payment security by ensuring that sufficient funds are available for all payments due under this agreement. The funds will serve as security to guarantee the fulfillment of payment obligations, particularly in the case of payment delays or defaults.
Availability of funds for environmental remediation clause
This variation applies when funds are available for environmental remediation.
[Party Name] agrees to ensure that sufficient funds are available to cover any environmental remediation costs that may arise during the execution of this agreement. These funds will be used to address environmental impacts or hazards resulting from the project's activities.
Availability of funds for operational sustainability clause
This variation applies when funds are available to maintain operational sustainability.
Both parties agree to ensure that sufficient funds are available to maintain the operational sustainability of the project or venture outlined in this agreement. These funds will be used for necessary upgrades, maintenance, and ensuring the long-term viability of the project.
Availability of funds for loan servicing clause
This variation applies when funds are available to service loans related to the agreement.
[Party Name] agrees to ensure that sufficient funds are available to service any loans or financing related to this agreement. These funds will be used to make timely interest and principal payments in accordance with the loan terms.
Availability of funds for goods transportation clause
This variation applies when funds are available to cover transportation costs of goods.
[Party Name] agrees to ensure that sufficient funds are available to cover the transportation costs for goods under this agreement, including shipping, customs duties, and handling fees required to deliver the goods to their intended location.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.