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Application of funds clause: Copy, customize, and use instantly

Defines how funds will be allocated or used under the agreement.

Specifies the circumstances under which a party may lose rights or assets due to non-compliance or other breaches.

Requires compliance with laws and regulations aimed at preventing money laundering activities.

Establishes the procedures for disclosing information to ensure transparency and compliance with regulations.

Grants decision-making authority to the majority of parties or shareholders involved in the agreement.

Specifies additional fees or charges that may apply beyond the primary contract terms.

Defines the specific ways in which a party is permitted to use assets, resources, or intellectual property under the agreement.

Specifies the format and terms under which a warrant can be exercised or transferred.

Requires proof of outstanding debt to be provided, typically in the form of a document or statement.

Outlines the process and criteria for assessing the performance of parties under the agreement.