An "Agreement null and void" clause stipulates that the contract or certain provisions within it will have no legal effect if specific conditions or contingencies are not met. This clause serves to protect the parties by voiding the agreement entirely or partially if predetermined circumstances arise, ensuring neither party is bound under such situations.
Any failure by the Company to make any payment set forth in this Section 3 on or prior to the applicable payment deadline shall (a) constitute an Event of Default under the Note and the Partnership Agreement; and (b) render all waivers set forth in Sections 1-5 of the Second Waiver Agreement and Sections 1-2 of this Third Waiver Agreement null and void.
If the Investor fails to comply with this Section 2(d), then the Company, at the Company’s sole discretion, may declare this Agreement null and void and of no further force or effect.
If (i) the Company fails to comply with Section 1(c) or 1(m) of this Agreement at any time on or after the Effective Date, or (ii) an event of default occurs under Section 3.2, 3.5, 3.7, or 3.8 of any of the Notes, then the Investor, at the Investor’s sole discretion, may declare this Agreement null and void and of no further force or effect, provided, however, that Sections 2(b), 2(e), and 2(f) of this Agreement shall survive and be in full force and effect even if the Investor’s declares this Agreement as null and void.
The lawsuit seeks, inter alia, an order rescinding the transaction consummated under the Agreement and declaring the Agreement null and void ab initio.
Any failure to make the Payments within the cure period or from the Capital Raise Payments by the required date shall make this Agreement null and void.
If I materially violate any of my duties to the Company, or engage in any material misconduct, before my anticipated separation from the Company, the Company may in its sole discretion revoke this Agreement, rendering this Agreement null and void;
If, after being offered the opportunity to execute this Agreement but before this Agreement becomes effective, I separately quit or am terminated from my employment with Ford, the Company may in its sole discretion revoke this Agreement, rendering this Agreement null and void;.
I understand that, in deciding to enter into this Agreement, the Company has relied upon representations made by me herein, including without limitation those in paragraphs 6 and 9, each of which are hereby made material. I further understand that, should the Company discover that any such representation is false or inaccurate before the Effective Date, the Company may in its sole discretion revoke this Agreement, rendering this Agreement null and void.
Any unauthorized disclosure of the existence or terms of this letter agreement will render this letter agreement null and void.
WHEREAS, Buyer failed to pay $500,000 of the Purchase Price by January 31, 2018; and WHEREAS, on August 16, 2018, since Buyer still had not paid the remaining $500,000 of Purchase Price, Seller elected to hold Buyer in default of the Agreement and elected to retain all of the Purchase Price paid to Seller as liquidated damages, and declare the Agreement null and void as to Buyer’s rights to purchase the Stock; copy of which election letter sent to Buyer is attached hereto and incorporated herein as Exhibit B; and
The Purchaser’s failure to close when required shall render the remainder of the Agreement null and void.
C. The Parties have determined that certain terms and conditions of the Exchange Agreement cannot be met, thereby rendering the Exchange Agreement null and void.
In addition, any payout under the Transition Agreement shall make the Change of Control Agreement null and void, and there shall be no payment, continuation or duplication of payment under the Transition Agreement and the Change of Control Agreement.
Grantee understands and acknowledges that his/her failure to timely execute the acknowledgement of receipt and acceptance in accordance with Section 9 of the Agreement shall render the Award and this Agreement null and void and of no force and effect.
Employee understands that Employee has seven (7) days following Employee’s execution of this Agreement to revoke in writing his release of ADEA claims, and in the event of such revocation the Company shall have the option, in its sole discretion, to deem the Agreement null and void in its entirety.
Upon the Initial Closing of this transaction, failure to meet the requirement to pay any sum when due shall render this Agreement null and void
Failure to meet the requirement to pay such sum when due shall render this Agreement null and void and thereafter any, and/ or all, funds that may have been paid to Seller in payment any interest or work on this Agreement shall default to Seller.
Participant’s failure to execute the acknowledgement of receipt and acceptance shall render the Award and this Award Agreement null and void and of no force and effect.
An “agreement null and void” refers to a contract or portion of a contract that is deemed unenforceable and invalid from the outset, as if it never existed. This typically occurs when an agreement lacks one or more of the essential elements required to form a legally binding contract, such as mutual consent, lawful object, or capacity of parties involved. Additionally, an agreement can be rendered null and void if it involves illegal activities, fraud, or any other factor that contravenes public policy.
You should consider invoking the concept of an agreement being null and void when:
Understanding when an agreement is void will protect the parties involved from unintended liabilities.
To draft a declaration or clause that renders an agreement null and void, you should:
Identify the reason: Clearly state the grounds for rendering the agreement null and void, ensuring it aligns with applicable laws.
Include relevant details: Provide specific details about the agreement, including parties involved, dates, and the particular provisions that are void.
Cite legal basis: Reference applicable laws or legal principles that support the nullification.
Example:
“The parties hereby acknowledge that this agreement is deemed null and void due to [reason], as per [applicable law]. Consequently, neither party shall hold any obligations or liabilities under this agreement as it is rendered non-binding, having no legal effect from its inception.”
Remember, it is advisable to consult with a legal professional when drafting such declarations to ensure compliance with local laws and regulations.
While theoretically any contract could involve clauses rendering it null and void under the right circumstances, some contracts are more prone to such conditions:
These contracts often need careful drafting to avoid being nullified and should be reviewed frequently to ensure enforceability under current laws.
Try our AI contract analysis and extract important clauses and information from existing contracts.
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
An AIP (Annual Incentive Plan) bonus clause typically outlines the conditions under which an employee is eligible to receive a performance-based bonus, usually tied to achieving specific individual, departmental, or company-wide goals within a fiscal year. This clause may detail criteria such as performance metrics, payout percentages, timing of disbursement, and any contingencies that could affect bonus eligibility or amounts.
The clause "All other terms unchanged" indicates that, despite any amendments or additions to the contract, all other original terms and conditions will remain in effect and unaltered. It ensures that modifications are limited to specific clauses, preserving the integrity of the rest of the agreement.
Alternative dispute resolution (ADR) clauses in contracts stipulate that parties will use methods like mediation or arbitration to resolve disputes instead of turning to litigation. These clauses aim to expedite conflict resolution, reduce legal costs, and maintain more amicable business relationships.
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