The "General Terms and Conditions" clause outlines the foundational rules and principles governing a contractual agreement, ensuring both parties understand their rights, responsibilities, and the procedural framework of the contract. It typically includes provisions on payment terms, confidentiality, liability limitations, and dispute resolution mechanisms.
The rent will be adjusted annually as per 1 April, for the first time as per 1 April 2020 in accordance with article 17.1. up to and including 17.4 of the General Terms and Conditions.
“General Terms and Conditions”—General Terms and Conditions of Car Lease Agreement No. RC-FB683330-2, dated 14.01.2019, signed by the authorized representatives of the Lessee and the Lessor.
Other terms and definitions used herein with a capital letter shall have the same meaning as in the General Terms and Conditions (according to clause 1 of the General Terms and Conditions), except as otherwise provided by this Agreement.
2. The Subject of the Agreement. GENERAL TERMS AND CONDITIONS. 2.1 The Subject of the Agreement. Subject to the Application, the Lessor shall undertake to acquire the Leased Item, as specified in Annex No. 2 hereto, from the Seller, to provide it to the Lessee for temporary possession and use for business purposes in accordance with the Purpose of the Leased Item, for a fee, for a period and on the terms specified herein, taking into account the General Terms and Conditions, with subsequent return of the Leased Item to the Lessor. 2.2 General Terms and Conditions. This Agreement has been concluded subject to the General Terms and Conditions, which are an integral part thereto. When executing this Agreement, the Parties shall be guided by the General Terms and Conditions as if the provisions of these General Terms and Conditions were included in the text of this Agreement (taking into account their respective interpretation for the purposes of this Agreement), besides, when executing this Agreement, the Parties shall bear the obligations and have the rights, as provided for by the General Terms and Conditions.
These are the general terms and conditions (the “General Terms and Conditions”) for the 2021 board incentive program (the “Board Incentive Program”) of Orphazyme A/S, CVR no. 32266355 (the “Company”).
The General Terms and Conditions apply to grants of restricted share units (“Restricted Share Units” or “RSUs”) under the Board Incentive Program awarded to members of the Company’s board of directors (the “Board of Directors”) (such members of the Board of Directors referred to as “Participants” and each a “Participant”).
12 Amendment of the General Terms and Conditions etc. 12.1 The Board of Directors is at its sole discretion entitled to amend the Board Incentive Program, including these General Terms and Conditions and the Individual Grant Letter, subject to applicable law. This includes, but is not limited to, changes in order to comply with local legislation and adjusting the method for granting RSUs. Amendments must be in compliance with the Company’s remuneration policy in force at the time of amendment. 12.2 The Board of Directors may at its sole discretion and by giving written notice to a Participant amend the number of RSUs or other terms of an individual grant under the Board Incentive Program, including acceleration of vesting, in case of extraordinary, material or unforeseen events or circumstances.
13 Choice of law and venue 13.1 The Individual Grant Letters and these General Terms and Conditions are governed by Danish law. 13.2 Any dispute shall be finally and exclusively settled by the Danish courts.
By signing the Individual Grant Letter, the Participant confirms having received and read these General Terms and Conditions.
Where local legislation prevents the enforcement of one or more Clauses of these General Terms and Conditions, such particular Clause(s) will be void while the remaining provisions of these General Terms and Conditions shall remain valid to the extent possible.
Unless otherwise stated in in these General Terms and Conditions and the Company’s internal guidelines, any costs incurred in connection with the grant and/or vesting of RSUs shall be paid by the Company.
These General Terms and Conditions have been adopted by the Board of Directors on March 25, 2021.
The below General Terms and Conditions are, in all essential respects, a translation of the Swedish original version of the “General Terms and Conditions for Swedish Depository Receipts representing common shares in Autoliv, Inc., kept in safe custody with Skandinaviska Enskilda Banken AB (publ) (Sw: Allmänna villkor för svenska depåbevis avseende stamaktier i Autoliv. Inc., deponerade hos Skandinaviska Enskilda Banken AB (publ))”. In the event of any difference between this translation and the Swedish original, the Swedish version shall govern.
Terms and Conditions 2.1 The ‘GENERAL TERMS AND CONDITIONS FOR LEASE AGREEMENT FOR OFFICE PREMISES’ and other commercial premises in the meaning of Section 7:230a Civil Code’, filed with the court registry of the District Court at The Hague on 17-2-2015 and registered there under number 15/21, hereinafter referred to as the ‘General Terms and Conditions’, form part of this Lease Agreement. The Parties are cognisant of the contents of these General Terms and Conditions. The Lessee and Lessor have received a copy of these General Terms and Conditions. 2.2 The General Terms and Conditions referred to in Article 2.1 shall apply unless and insofar as this Lease expressly deviates from the same or where application of the same is impossible as regards the Leased Property.
These General Terms and Conditions for General Banking Facilities and Loan Facility(ies) (as amended and in force from time to time) ("these General Terms and Conditions") shall apply to all general banking facilities and loan facility(ies) (the "Facilities") which Bank of China (Hong Kong) Limited (including its successors and assigns, the "Bank") may from time to time grant to you as the Borrower.
These general terms and conditions (the “General Terms and Conditions”) apply to non-performance based restricted share units granted by Noble Corporation plc, a company registered in England and Wales under company registration no. 12958050 (the “Company”) in accordance with the terms and conditions set out in this executive long-term incentive programme (the “RSU Executive LTIP”). These General Terms & Conditions are intended to constitute an employees’ share scheme for the purposes of Section 1166 of the UK Companies Act 2006.
General Terms and Conditions, often abbreviated as T&Cs or GTCs, refer to the standardized information and rules that govern the contractual relationship between parties, typically used in business transactions. They detail the rights and obligations of each party, helping to ensure clear communication and minimize misunderstandings. These terms can include payment terms, delivery conditions, liability clauses, and procedures for handling disputes, among other things.
General Terms and Conditions should be used whenever you are entering into a formal agreement or contract, especially when dealing with:
Using GTCs can help protect your interests, establish clear guidelines, and contribute to preventing potential disputes by outlining expectations upfront.
To write General Terms and Conditions (GTCs):
General Terms and Conditions are commonly found in a wide variety of contracts, including:
By including GTCs in these types of contracts, parties can help solidify mutual understanding and set the foundation for a legally enforceable agreement.
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
A good faith deposit is an initial sum paid by a buyer to demonstrate their genuine intent to complete a transaction and secure the terms of a contract. This deposit is typically credited towards the total purchase price upon successful completion of the agreement or may be forfeited if the buyer fails to fulfill their obligations.
The "Good Faith Negotiation" clause mandates that all parties involved in a contract engage in sincere and honest discussions to resolve any disputes or issues that arise, endeavoring to reach a mutually acceptable agreement without resorting to litigation. This clause ensures that parties commit to cooperative problem-solving and maintain transparent communication throughout the negotiation process.
The "Governing Law and Jurisdiction" clause specifies which region's legal framework will be applied in interpreting and enforcing the terms of a contract and designates the location where any legal disputes will be resolved. This clause is crucial for determining procedural and substantive legal matters, ensuring both parties are aware of the legal standards and courts that will have authority in case of conflicts.
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