Binding nature clause: Copy, customize, and use instantly
Introduction
A "binding nature" clause ensures that the Agreement and its terms are legally enforceable and binding on the Parties. It outlines that once both Parties agree to the terms, they are legally obligated to follow them. This clause prevents either Party from backing out of the Agreement without consequences, providing legal protection and certainty.
Below are templates for binding nature clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Basic binding nature clause
This variation confirms the enforceability of the Agreement.
This Agreement is binding upon the Parties, their respective successors, assigns, and affiliates. Once executed, the Parties are legally obligated to adhere to the terms and conditions set forth in this Agreement, unless modified by mutual written consent.
Binding nature clause with termination rights
This variation includes a termination clause while confirming the binding nature.
This Agreement is binding on both Parties from the effective date. However, either Party may terminate the Agreement under the terms specified in Section [X], provided that all obligations incurred up to the termination date are fulfilled.
Binding nature clause with scope of applicability
This variation specifies the scope of the binding nature.
The binding nature of this Agreement extends to all obligations, rights, and liabilities of the Parties under this Agreement. Both Parties agree to be legally bound by the terms in all related documents, including amendments or supplements, unless otherwise agreed in writing.
Binding nature clause with no waiver provision
This variation emphasizes that there will be no waiver of rights.
This Agreement shall be binding upon the Parties, and no waiver of any term or provision of this Agreement will be valid unless made in writing and signed by both Parties. Failure to enforce any provision of this Agreement shall not be construed as a waiver of any future breach.
Binding nature clause with governing law reference
This variation includes the governing law while confirming the binding nature.
This Agreement is binding upon the Parties and shall be governed by the laws of [specified jurisdiction]. Both Parties agree that any disputes arising from this Agreement will be subject to the jurisdiction of the courts in [specified jurisdiction].
Binding nature clause with amendment process
This variation defines the process for amendments while maintaining the binding nature.
This Agreement is binding on both Parties and may only be amended or modified by mutual written consent of both Parties. Any modifications or amendments will be effective only when signed by authorized representatives of both Parties.
Binding nature clause with affiliate applicability
This variation extends the binding nature to affiliates.
This Agreement is binding upon the Parties, their successors, assigns, and affiliates. Any obligations, rights, or liabilities under this Agreement shall also apply to the affiliates of the Parties, to the extent applicable.
Binding nature clause with dispute resolution mechanism
This variation includes dispute resolution while confirming the binding nature.
This Agreement is binding on both Parties, and any disputes arising from the interpretation or enforcement of this Agreement will be resolved through [specified dispute resolution method, e.g., mediation, arbitration] as outlined in Section [X] of this Agreement.
Binding nature clause with assignment restrictions
This variation specifies restrictions on assignment.
This Agreement is binding on both Parties and their respective successors and assigns. However, neither Party may assign or transfer its rights or obligations under this Agreement without the prior written consent of the other Party.
Binding nature clause with enforceability of provisions
This variation ensures the enforceability of individual provisions.
This Agreement is binding upon the Parties, and all provisions shall be enforceable even if certain provisions are found to be invalid or unenforceable. The remaining provisions shall remain in full force and effect.
Binding nature clause with duration
This variation specifies the duration of the binding nature.
This Agreement is binding on both Parties for the duration of the term outlined in Section [X] or until terminated by either Party in accordance with the terms herein. All obligations incurred during the term of this Agreement shall survive termination.
Binding nature clause with electronic signature acceptance
This variation acknowledges electronic signatures.
This Agreement is binding upon the Parties, and the Parties agree that electronic signatures will be deemed as legally binding as original signatures. Any modifications or extensions of this Agreement will also be binding if executed via electronic signature.
Binding nature clause with irrevocability provision
This variation ensures the Agreement is irrevocable once signed.
This Agreement is binding and irrevocable once executed by both Parties. Neither Party may withdraw or rescind the Agreement without the written consent of the other Party, except as provided under specific termination clauses outlined herein.
Binding nature clause with joint and several liability
This variation includes joint and several liability for the Parties.
This Agreement is binding upon both Parties, who agree to be jointly and severally liable for all obligations, rights, and responsibilities under this Agreement. Each Party is individually responsible for fulfilling its obligations and jointly liable for the totality of the Agreement’s terms.
Binding nature clause with continuing obligations
This variation ensures the continuation of obligations even after termination.
The obligations under this Agreement are binding upon the Parties and shall remain in effect even after the termination or expiration of the Agreement. Any continuing obligations related to confidentiality, non-compete, or indemnity will survive the termination of the Agreement.
Binding nature clause with consent to jurisdiction
This variation requires consent to jurisdiction for disputes.
This Agreement is binding upon the Parties, and both Parties consent to the exclusive jurisdiction of the courts in [specified jurisdiction] for any disputes arising from this Agreement. Both Parties waive any objection to the jurisdiction and venue of such courts.
Binding nature clause with specific term extension
This variation extends the binding nature to a specific term.
This Agreement is binding on the Parties for the duration of [specified term] and automatically extends for successive terms unless either Party provides written notice of termination [specified number of days] prior to the end of the current term.
Binding nature clause with third-party beneficiary rights
This variation includes third-party beneficiary rights.
This Agreement is binding upon the Parties and their successors and assigns. Certain provisions of this Agreement may be enforceable by [third-party beneficiaries], who are explicitly recognized as having rights under the Agreement.
Binding nature clause with financial guarantee provision
This variation includes a financial guarantee.
This Agreement is binding on the Parties and includes a financial guarantee from [Party A] for [specified amount]. The guarantee ensures that the terms of the Agreement will be met, and in case of default, the guarantee will be invoked to fulfill the obligations.
Binding nature clause with non-transferability
This variation prevents the transfer of obligations.
This Agreement is binding upon the Parties and is non-transferable. Neither Party may assign its rights or obligations to any third party without prior written consent from the other Party, except in the case of a merger or acquisition.
Binding nature clause with clause severability
This variation includes a severability provision.
This Agreement is binding upon the Parties, and should any provision of this Agreement be deemed unenforceable, the remaining provisions will remain in full force and effect. Both Parties agree to renegotiate any unenforceable provisions in good faith.
Binding nature clause with specific performance remedy
This variation includes a remedy for breach of contract.
This Agreement is binding upon both Parties, and in the event of a breach, the Parties acknowledge that damages may not be an adequate remedy. Both Parties agree that the non-breaching Party may seek specific performance to enforce the terms of this Agreement.
Binding nature clause with waiver of claims provision
This variation includes a waiver of claims provision.
By executing this Agreement, both Parties agree that it is binding, and any prior claims or disputes related to the subject matter of the Agreement are waived. The Parties further waive any right to challenge the enforceability of the Agreement based on any prior understandings or oral agreements.
Binding nature clause with confidentiality continuation
This variation continues confidentiality obligations after termination.
This Agreement is binding upon the Parties, and both Parties agree that any confidentiality obligations will remain in effect even after the termination of the Agreement. These obligations extend to all confidential information exchanged during the term of the Agreement.
Binding nature clause with force majeure provision
This variation includes a force majeure provision.
This Agreement is binding on both Parties, but neither Party will be held liable for failure to perform due to force majeure events, including but not limited to natural disasters, wars, or other unforeseen events. The Party affected by the force majeure will notify the other Party promptly and make reasonable efforts to resume performance.
Binding nature clause with continuing warranties
This variation includes continuing warranties from both Parties.
This Agreement is binding upon the Parties, and both Parties continue to warrant their obligations and representations throughout the duration of the Agreement. Any breach of warranty will result in liabilities that the breaching Party must address, and the warranty obligations will survive termination.
Binding nature clause with written amendment requirement
This variation requires written amendments to the Agreement.
This Agreement is binding upon both Parties and may only be amended, modified, or supplemented through written agreement signed by authorized representatives of both Parties. Any verbal modifications or agreements will not be recognized as part of the Agreement.
Binding nature clause with indemnity for breach
This variation includes indemnity provisions for breaches of the Agreement.
This Agreement is binding on both Parties, and each Party agrees to indemnify the other Party for any losses, damages, or legal fees incurred due to a breach of the terms of the Agreement. This indemnity will apply whether the breach was committed by the Party or by its affiliates or agents.
Binding nature clause with defined dispute resolution
This variation defines a clear dispute resolution process.
This Agreement is binding on both Parties, and any disputes arising from or related to this Agreement will be resolved through [specified dispute resolution process, e.g., binding arbitration, mediation]. The rules of [specified institution] will govern the process, and the decision will be final and binding on both Parties.
Binding nature clause with no conflict of interest provision
This variation includes a conflict of interest provision.
This Agreement is binding on both Parties, and each Party agrees that there are no conflicts of interest that would prevent them from fulfilling the obligations outlined in this Agreement. In the event of a conflict arising, both Parties agree to resolve the issue in good faith within [specified time].
Binding nature clause with exclusive jurisdiction
This variation specifies exclusive jurisdiction for legal disputes.
This Agreement is binding on the Parties, and both Parties consent to the exclusive jurisdiction of the courts in [specified jurisdiction] for all disputes arising from this Agreement. Neither Party may contest the jurisdiction or venue of these courts in any future proceedings.
Binding nature clause with compliance with regulations
This variation specifies compliance with relevant regulations.
This Agreement is binding upon both Parties, and each Party agrees to comply with all applicable local, state, and federal regulations governing the performance of the Agreement. Failure to comply with these regulations will be considered a breach, and remedies will be pursued accordingly.
Binding nature clause with restriction on waiver of rights
This variation restricts the waiver of rights.
This Agreement is binding on both Parties, and neither Party may waive any rights or obligations under this Agreement unless explicitly stated in writing. The failure to enforce any provision will not constitute a waiver of the right to enforce that provision in the future.
Binding nature clause with continuing obligations post-termination
This variation ensures certain obligations continue after termination.
This Agreement is binding on the Parties and will remain in effect until terminated as per the termination clauses. However, certain obligations, including but not limited to confidentiality and indemnity, will continue to be binding even after the Agreement is terminated.
Binding nature clause with legal enforcement in case of breach
This variation includes provisions for legal enforcement.
This Agreement is binding upon both Parties, and any failure to comply with the terms of the Agreement will be subject to legal enforcement. The Parties agree that in the event of a breach, the non-breaching Party may seek appropriate legal remedies, including specific performance and damages.
Binding nature clause with third-party rights
This variation includes third-party beneficiaries.
This Agreement is binding upon the Parties, their successors, and assigns. Certain provisions may confer third-party rights, and the Parties agree that those third parties may enforce the terms of the Agreement, even if they are not signatories to it.
Binding nature clause with confirmation of authority
This variation confirms the authority of the Parties.
This Agreement is binding on both Parties, who confirm that they are duly authorized to enter into this Agreement and that all obligations are within their legal authority to perform. The Parties agree that any unauthorized action taken under the Agreement is not binding.
Binding nature clause with notification of material changes
This variation includes a notification of material changes provision.
This Agreement is binding upon both Parties, and each Party agrees to notify the other Party of any material changes that may affect the terms of the Agreement. Notification must be made in writing and provided within [specified time] to ensure continued binding effectiveness.
Binding nature clause with no oral modification
This variation prevents oral modifications.
This Agreement is binding on both Parties, and no oral modifications or agreements shall be valid unless made in writing and signed by both Parties. Any attempted oral changes to this Agreement will be considered invalid and unenforceable.
Binding nature clause with equitable remedies
This variation includes the option for equitable remedies.
This Agreement is binding on both Parties, and in the event of a breach, the Parties acknowledge that monetary damages may not be an adequate remedy. Both Parties agree that the non-breaching Party may seek equitable remedies, including injunctions, to enforce the terms of the Agreement.
Binding nature clause with condition precedent
This variation includes a condition precedent for binding effect.
This Agreement is binding on both Parties, subject to the fulfillment of [specified condition(s)]. If the conditions precedent are not satisfied within [specified time], the Agreement will not become effective, and neither Party will be bound by its terms.
Binding nature clause with confirmation of binding effect upon signature
This variation confirms the binding nature upon execution.
This Agreement is binding upon both Parties upon execution and delivery of the signed Agreement. Each Party acknowledges that they fully understand and accept the terms set forth in this Agreement and are legally bound by them upon signing.
Binding nature clause with no enforcement of unenforceable provisions
This variation addresses unenforceable provisions.
This Agreement is binding on both Parties, but if any provision is found to be unenforceable, the remaining provisions shall remain in full force and effect. The unenforceable provision will be amended or replaced by a valid provision that most closely reflects the Parties’ intentions.
Binding nature clause with continuation of rights
This variation continues the rights of the Parties even after the Agreement ends.
This Agreement is binding upon both Parties and will remain in effect until terminated as per the terms herein. Rights and obligations that by their nature continue after termination, including confidentiality and indemnity obligations, will remain binding post-termination.
Binding nature clause with delegation of responsibilities
This variation includes delegation of responsibilities to affiliates.
This Agreement is binding upon both Parties and may be delegated or assigned to affiliates or subsidiaries of either Party, provided that the assigning Party ensures that the assignee will comply with the terms of this Agreement.
Binding nature clause with third-party involvement
This variation includes third-party parties to the binding nature.
This Agreement is binding upon the Parties and, to the extent applicable, third-party beneficiaries identified in this Agreement. Any rights or obligations granted to third parties will be enforceable by those third parties as if they were Parties to the Agreement.
Binding nature clause with termination rights subject to obligations
This variation ties termination rights with remaining obligations.
This Agreement is binding on both Parties, but termination rights are subject to the fulfillment of any remaining obligations. Both Parties agree that upon termination, they will continue to honor any obligations that, by their nature, survive termination, such as confidentiality and indemnification.
Binding nature clause with mutual consent for amendments
This variation requires mutual consent for any changes.
This Agreement is binding upon both Parties, and any amendments, modifications, or changes to the Agreement will only be valid with the mutual written consent of both Parties. No Party may unilaterally alter the Agreement without the express written agreement of the other Party.
Binding nature clause with execution by legal representatives
This variation includes legal representatives in the binding nature.
This Agreement is binding upon both Parties and their respective legal representatives, heirs, and assigns. Both Parties confirm that their authorized representatives have the legal capacity to bind them to the terms of this Agreement.
Binding nature clause with acknowledgment of full understanding
This variation includes acknowledgment of understanding.
By executing this Agreement, both Parties confirm that they have read, understood, and voluntarily agreed to be bound by all the terms and conditions. The Parties acknowledge that they have had the opportunity to seek legal counsel before signing the Agreement.
Binding nature clause with continuation of obligations despite dispute
This variation continues obligations despite a dispute.
This Agreement is binding upon both Parties, and each Party agrees to continue fulfilling its obligations under this Agreement even in the event of a dispute. Only upon resolution of the dispute will either Party be relieved of their contractual duties.
Binding nature clause with advance notice of breach
This variation includes a requirement for advance notice of breach.
This Agreement is binding on both Parties, and each Party agrees to provide advance written notice if they anticipate a breach of any term of the Agreement. Both Parties agree to take reasonable steps to mitigate any potential damages resulting from the breach.
Binding nature clause with force majeure conditions
This variation includes force majeure as a binding exception.
This Agreement is binding upon both Parties, but neither Party shall be held liable for failure to perform due to a force majeure event. The affected Party must provide prompt notice of the force majeure event, and the Parties will cooperate to mitigate its impact on the performance of the Agreement.
Binding nature clause with confidentiality continuation
This variation includes continued confidentiality after termination.
This Agreement is binding upon the Parties, and both Parties agree that confidentiality obligations will remain in effect after the termination or expiration of this Agreement. Any confidential information disclosed during the term must continue to be protected, regardless of the Agreement’s status.
Binding nature clause with exclusive contractual relationship
This variation defines the exclusive nature of the relationship.
This Agreement is binding on both Parties and establishes an exclusive contractual relationship between the Parties for the services outlined. Neither Party will enter into a similar Agreement with another party during the term of this Agreement without prior written consent from the other Party.
Binding nature clause with waiver of claims provision
This variation includes a waiver of certain claims.
This Agreement is binding upon both Parties, and each Party waives any claims against the other related to any provision in the Agreement unless expressly stated otherwise. The waiver applies only if no breach or material misrepresentation has occurred.
Binding nature clause with consent to assignment
This variation requires consent for assignment of the Agreement.
This Agreement is binding upon both Parties, and neither Party may assign or transfer its rights or obligations under this Agreement to any third party without the prior written consent of the other Party. Any assignment made without such consent will be void and unenforceable.
Binding nature clause with clear definition of parties
This variation includes a clear definition of the parties involved.
This Agreement is binding upon the Parties, namely [Party A] and [Party B], as well as their respective successors, affiliates, and permitted assigns. The Parties confirm that they are authorized to enter into this Agreement and assume all associated obligations and rights.
Binding nature clause with notice provision for breach
This variation includes a notice provision in case of breach.
This Agreement is binding on both Parties, and any breach of the terms must be notified in writing by the non-breaching Party to the breaching Party within [specified number] days. The Parties will take immediate steps to resolve any identified breach upon receipt of notice.
Binding nature clause with succession and assignment
This variation extends binding nature to successors.
This Agreement is binding on the Parties and their respective successors, assigns, and legal representatives. Both Parties agree that the obligations and benefits of this Agreement will be enforceable by and against any successor or assignee.
Binding nature clause with waiver of non-performance
This variation waives claims for non-performance.
This Agreement is binding upon both Parties, and each Party agrees not to claim non-performance as a breach if the failure to perform is due to a valid and previously notified force majeure event. The Parties acknowledge that such failure will not affect the binding nature of the Agreement.
Binding nature clause with relationship between clauses
This variation ensures all clauses are enforceable.
This Agreement is binding upon both Parties, and all clauses, terms, and conditions contained herein are integral and enforceable. If one clause is found to be unenforceable, the remaining clauses will remain in full effect, and the Parties will negotiate a replacement for the unenforceable clause.
Binding nature clause with conditions for termination
This variation specifies conditions under which termination can occur.
This Agreement is binding upon both Parties until terminated in accordance with the provisions outlined in Section [X]. If either Party terminates the Agreement, they agree to fulfill all obligations incurred up to the date of termination and to notify the other Party in writing within [number] days.
Binding nature clause with confidentiality continuation post-termination
This variation extends confidentiality obligations beyond the Agreement’s termination.
This Agreement is binding upon both Parties, and confidentiality obligations will continue even after the termination or expiration of this Agreement. Both Parties agree to protect confidential information disclosed during the term of the Agreement indefinitely, as required by law.
Binding nature clause with legal action for breach
This variation includes legal action for breach of the Agreement.
This Agreement is binding on both Parties, and any Party that fails to fulfill their obligations under this Agreement will be liable for legal action. The Parties agree that the non-breaching Party may seek remedy through legal action, including but not limited to monetary damages, specific performance, or injunctive relief.
Binding nature clause with ongoing obligations
This variation ensures the continuation of obligations after termination.
This Agreement is binding on both Parties, and certain obligations, such as confidentiality, indemnification, and dispute resolution, will continue to be enforceable after the termination of the Agreement. The Parties agree to uphold these obligations regardless of the Agreement’s termination.
Binding nature clause with acknowledgement of authority
This variation confirms the authority of the Parties to enter into the Agreement.
This Agreement is binding on both Parties, and each Party acknowledges that they have the requisite authority to enter into this Agreement and to bind their respective organizations to the terms contained herein. This Agreement will not be deemed valid unless executed by authorized representatives.
Binding nature clause with enforceability in multiple jurisdictions
This variation extends enforceability across multiple jurisdictions.
This Agreement is binding on both Parties, and both Parties agree that it is enforceable in any jurisdiction where legal action may be initiated. The terms of this Agreement will apply consistently regardless of the jurisdiction in which enforcement is sought.
Binding nature clause with specified breach notification timeline
This variation includes a timeline for notifying breaches.
This Agreement is binding upon both Parties, and any breach of this Agreement must be notified to the other Party within [specified number] days of occurrence. If no notice is provided within the specified period, the right to claim breach will be waived.
Binding nature clause with survivor provisions
This variation includes survivor provisions for certain clauses.
This Agreement is binding on both Parties, and certain clauses, such as confidentiality, non-compete, and indemnification, will survive the termination or expiration of the Agreement. These survivor clauses will continue to be binding even after the Agreement is no longer in effect.
Binding nature clause with legal enforceability of amendments
This variation confirms the legal enforceability of amendments.
This Agreement is binding upon both Parties, and any amendments, modifications, or revisions to the terms of this Agreement must be executed in writing and signed by both Parties to be legally enforceable.
Binding nature clause with mutual recognition of obligations
This variation includes mutual recognition of each Party’s obligations.
This Agreement is binding upon both Parties, who mutually recognize the obligations set forth in this Agreement. Both Parties agree to fulfill their respective duties as outlined, and failure to do so will result in legal consequences.
Binding nature clause with unilateral termination option
This variation allows for unilateral termination while maintaining binding obligations.
This Agreement is binding upon both Parties. However, either Party may terminate the Agreement unilaterally with written notice of [specified number] days. Upon termination, the terminating Party will remain responsible for all obligations incurred prior to termination, and both Parties agree to fulfill these obligations in good faith.
Binding nature clause with due diligence requirement
This variation includes a due diligence requirement.
This Agreement is binding on both Parties, and each Party agrees to conduct due diligence as required under the terms outlined. Both Parties commit to ensuring that all obligations, representations, and warranties are met throughout the term of this Agreement.
Binding nature clause with compliance obligations
This variation includes compliance obligations for both Parties.
This Agreement is binding upon the Parties, and each Party agrees to comply with all applicable laws, regulations, and policies during the term of this Agreement. Any non-compliance will be deemed a breach, and the breaching Party will be held liable for any resulting damages.
Binding nature clause with non-compete provision
This variation includes a non-compete provision.
This Agreement is binding on both Parties, and both Parties agree to refrain from engaging in any competitive activities directly related to the subject of this Agreement for the duration of the Agreement and for [specified number] years thereafter.
Binding nature clause with specific performance remedy
This variation includes specific performance as a remedy for breach.
This Agreement is binding upon both Parties, and in the event of a breach, either Party may seek specific performance as a remedy. The Parties acknowledge that damages may not be sufficient to remedy the breach, and specific performance may be required to enforce the terms of the Agreement.
Binding nature clause with jurisdictional limitation
This variation limits the jurisdiction for enforcement.
This Agreement is binding on both Parties, and the Parties agree that any legal action or dispute related to this Agreement shall be brought exclusively in the courts of [specified jurisdiction]. Both Parties waive any objections to this venue.
Binding nature clause with no oral modification provision
This variation ensures no oral modifications are valid.
This Agreement is binding upon both Parties, and any modifications, amendments, or changes must be made in writing and signed by both Parties. No oral modifications or informal agreements will be considered valid under this Agreement.
Binding nature clause with liquidated damages provision
This variation includes a liquidated damages provision for breach.
This Agreement is binding upon both Parties, and in the event of a breach, the breaching Party agrees to pay liquidated damages in the amount of [specified amount] to the non-breaching Party. These damages are agreed upon as a fair estimate of the loss that would be incurred due to the breach.
Binding nature clause with confidentiality continuation
This variation extends confidentiality obligations beyond the Agreement’s term.
This Agreement is binding on both Parties, and the confidentiality provisions contained within the Agreement shall remain in full force and effect even after the termination or expiration of this Agreement. Both Parties agree to maintain confidentiality indefinitely regarding sensitive information shared during the term.
Binding nature clause with force majeure provision
This variation includes force majeure events as exceptions.
This Agreement is binding on both Parties, except in the event of a force majeure occurrence, such as natural disasters or other uncontrollable events. If a force majeure event occurs, the affected Party will notify the other Party and will not be held liable for non-performance due to such events.
Binding nature clause with financial reporting obligation
This variation includes a financial reporting obligation.
This Agreement is binding on both Parties, and each Party agrees to provide regular financial reports in accordance with the terms outlined in the Agreement. These reports will be made available to the other Party on a quarterly basis for review and verification.
Binding nature clause with retroactive applicability
This variation makes the Agreement applicable retroactively.
This Agreement is binding upon both Parties and applies retroactively to [specified date]. Both Parties agree that all actions taken prior to the execution of this Agreement are subject to the terms and conditions outlined in this document.
Binding nature clause with termination fee provision
This variation includes a termination fee for early exit.
This Agreement is binding upon both Parties, and if either Party terminates the Agreement before the agreed end date, the terminating Party agrees to pay a termination fee of [specified amount] to the other Party to compensate for any losses or expenses incurred as a result of the early termination.
Binding nature clause with limitation of liability
This variation includes a limitation of liability provision.
This Agreement is binding on both Parties, and each Party agrees that their liability for any damages arising from a breach will be limited to the amount of [specified amount]. Neither Party will be liable for consequential or indirect damages under this Agreement.
Binding nature clause with waiver of claims
This variation includes a waiver of future claims.
This Agreement is binding on both Parties, and each Party waives any future claims or disputes related to the subject matter of the Agreement unless the breach occurred due to willful misconduct or gross negligence.
Binding nature clause with continuation of rights after termination
This variation includes rights that survive after termination.
This Agreement is binding upon both Parties, and certain rights and obligations, including confidentiality, intellectual property, and indemnity, will continue in full force after the termination or expiration of the Agreement. The Parties agree to uphold these obligations as required.
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.