Interpretations of Article 1

 1.2 Interpretations

(i) The terms referred to in this Agreement shall, unless defined otherwise or inconsistent with the context or meaning thereof, bear the meaning ascribed to it under the relevant statute/legislation.

(ii) All references in this Agreement to statutory provisions shall be construed as meaning and including references to:


(a) Any statutory legislation, rules, regulations or notification of the Ministry of ...............consolidation or re-enactment (whether before or after the date of this Agreement) for the time being in force;

(b) All statutory instruments or orders made pursuant to a statutory provision, and

(c) Any statutory provision of which these statutory provisions are a consolidation or re-enactment.

(iii) Words denoting the singular shall include the plural and words denoting any gender shall include all genders.

(iv) Headings to clauses, sub-clauses and paragraphs are for information only and shall not form part of the operative provisions of this Agreement or the Exhibits and shall be ignored in construing the same.

(v) References to recitals, clauses or schedules are, unless the context otherwise requires, to recitals, clauses of or schedules to this Agreement.

Comments

Post a Comment

Popular posts from this blog

Q: Article 3 : Activities of Joint Venture Agreement Scope of content 1 ?

Article 3. Activities of JVC Scope and Content 3.1 The parties hereto mutually agree that the activities of JVC will comprise of at least the following: a) Manufacture in [•][Specific country] of the XYZ System, at plants to be located in [•][Specific country] at such places as may be mutually agreed upon; and b) Marketing, sale, distribution and servicing of the XYZ System as may be mutually agreed upon in the Marketing Agreement.
Read more

Q: Joint Venture Agreement between the companies

 Ans:  THIS joint venture agreement is made at [•] on this [•] day of the [•][Year in words], 20_(the "Agreement") BY AND BETWEEN: [•][Company A] a company established under the laws of [•][Relevant court/country/act] with its registered office at [•][Address] hereinafter referred to as "Company A", which expression shall unless excluded by or repugnant to the context or meaning thereof, be deemed to include its successors and permitted assigns; AND [•][Company B] a company established under the laws of [•][Relevant court/country/act] with its registered office at [•][Address] hereinafter referred to as "Company B" which expression shall unless excluded by or repugnant to the context or meaning thereof, be deemed to include his legal representatives and permitted assigns. WHEREAS Company A has long experience and knowledge in manufacturing [•] systems and possesses engineering know-how, technical information relating to the design, manufacture, and operati...
Read more

Q: Article 2 i.e., Incorporation of a company

Article 2. Incorporation of a company 2.1 A private limited company, organized and registered in accordance with the laws relating to bodies corporate in [•][Specific country], shall be incorporated under the name and style of [•][Name of the new company formed] or such other name as the corporate law authorities in [•][Specific country] may approve. 2.2 The registered office of the JVC shall be initially situated at [•][Address]. 2.3 The JVC shall take over, adopt and ratify all the terms and conditions of this Agreement.
Read more