Terms Of Agreement Traduction Francais
Taketake agreements can also provide an advantage to buyers and serve as a means of securing goods at a specified price. This means that prices for the buyer will be set before the start of production. This can be used as a hedge against future price changes, especially when a product becomes popular or a resource becomes scarcer, so that demand outstrips supply. It also guarantees that the requested assets will be delivered: the execution of the order is considered an obligation of the seller in accordance with the terms of the taketake contract. Taketake agreements also contain standard clauses that contain remedies – including penalties – that each party has in the event of a violation of one or more clauses. Taketake agreements are often used in the development of natural resources, where the cost of capital for resource extraction is high and the company wants to be guaranteed that part of its product will be sold. Taketake agreements are generally used to help the distributor acquire financing for future construction, expansion or new equipment projects, promising future revenues and demonstrating existing demand for goods. Most agreements contain force majeure clauses. These clauses allow the buyer or seller to terminate the contract if certain events occur outside the control of one of the parties and when one of the other parties encounters unnecessary difficulties. Add the framework agreement to one of your lists below or create a new list. The Framework Agreement on the Financial Partnership and the Specific Grant Agreement fully meet the requirements of Article 201 In order to create a mechanism for long-term cooperation with beneficiaries, the possibility of signing framework financing agreements should be provided. .
– grants can be granted annually or on the basis of a framework partnership agreement with the Commission on a renewable basis. Your comment could not be sent due to a problem. In the case of Section 178 partnerships, this review is conducted prior to the signing of the Partnership Framework Agreement or notification of the Partnership Framework Decision. Quarter, Partnership Framework Agreements and Financial Partnerships 2016 Work Program Respecting the objectives and nature of the activities defined in the Partnership Framework Agreement. The EIT may enter into a framework partnership agreement with an ICC for an initial period of seven years. . A financial partnership framework agreement aims to facilitate the achievement of the Union`s political objectives by stabilizing the contractual terms of cooperation. . On behalf of the member institutions, the Commission concludes a framework partnership agreement with the IUE.