Section 1. Definitions and recitals. The foregoing recitals should be incorporated and interpreted as part of this Agreement. 1. The parties have concluded one (type and date of the agreement). 1. Inclusion of recitals. The above recitals, the service agreement referred to therein and its annexes are incorporated by reference as if they were fully set out in the main part of this seventh amendment. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Service Agreement. The preamble to a contract usually consists of one to five paragraphs that describe the entire business. For most relatively standardised types of contracts, the list of recitals is limited to a few. On the other hand, settlement agreements and highly tailored (complex) agreements may contain a dozen or more recitals detailing any fact or event, the uncertainty to be resolved or the position of each party on a dispute.
Party Considerations – one or more recitals/where clauses may be included to reflect the relevant business activities for each party. 1. Inclusion of recitals. The recitals of this amendment are inserted as if they were fully set out here. An author should also refrain from filling in the recitals with additional non-essential definitions (e.B shares, company or product) or a multiple of references “(as defined in Article 1)” immediately after each defined term. 1. Recitals. The foregoing recitals are true and correct and are hereby incorporated by this reference. Types of recitals. The recitals provide general information on the parties, the context of the agreement and an introduction to the agreement itself.
There are different types of While: Presentation clauses. The recitals of European-style treaties are often listed by capital numbering (A), (B), (C), etc. or Roman numbering. Recitals should not be bullet points. ==References===== External links ===Stylistic contracts often begin each recital with the word “In consideration,. In addition, recitals are generally treated as an enumeration: each recital ends with a semicolon, while the first recital is read as a continuation of the opening credits (which could be the title of the preamble `where`). See also section 5.2(d) (enumerations). Contractual considerations precede the main text of a contract and are called “during” clauses. A recital gives the reader a general idea of the subject matter of the contract, the parties involved and the reasons why they sign it.3 Min.
Reading The recitals are formulated as traditional paragraphs with grammatically complete sentences and not as several clauses emanating from the original preamble. It is therefore not necessary to limit the recitals to a single sentence. It is advisable to end each recital with a period and not a semicolon. This is also preferable for contract assembly software, where paragraphs are automatically inserted or omitted. For example, do not write: title of the preamble. The preamble is usually titled Recitals or Context, probably written in capital letters or bold. They deal with certain key features of the agreement, related transaction or transactions of the parties and help the reader understand the context before delving into the definitions. Considerations of contracts. Most contracts contain a group of paragraphs under the title and block of parts, but before the body of the agreement, also known as “preamble”, “recitals” or “recital clauses”.
Context or context considerations – This type of clause describes the circumstance or event that led to the transaction. This can include things like sales, trademarks, or patent licenses. Compliance considerations – in these, relevant parties may wish to specify certain requirements or conditions that must be met before signing the contract. An example would be whether the required approval from an external party for the transaction must be met before signing the contract. Once approval has been granted, the recital clause explaining the measures taken would be included in the contract. The Biological Weapons Convention has the meaning defined in the recitals. For the avoidance of doubt, references to BWC do not imply that BWC Holding Inc. BWC Holding Inc.
was renamed BancWest Corporation on April 1, 2016 as part of the reorganization. Considerations relating to the structure of the transaction – these are non-standardised and complex transactions for which contractual measures have been taken. . . .