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The Term Of This Agreement Shall Be

“A problem with [the American Industrial Real Estate Association] Standard Form is the beginning. Parties should look beyond paragraph 1.3, which provides a gap to be filled for the beginning of the lease term. Elsewhere in the tenancy agreement, paragraph 3.3, a delay in possession, provides that if the lessor does not deliver the premises to the tenant at the planned beginning of the lease, no penalty will be imposed unless the landlord delays the delivery of the premises by 60 days. In this case, a tenant only terminated the contract. This section also provides that the lease will automatically end if the premises are not delivered within 120 days of the start of the contract. These two paragraphs can become problems in the event of a dispute over construction delays for the improvement of the premises, especially when the lessor is responsible for the work.¬†Fair market value. If [PARTY A] opts to acquire assets in accordance with paragraph [PARTY A`S OPTION], [PARTY A] pays for each asset the fair value of the assets determined at the time of the acquisition and to take into account reasonable amortization and the status of the asset. Resignation for good reason. If the submitted entity informs that it knows how to obtain a clause in that agreement from a trading partner, the covered unit offers the counterparty the opportunity to heal or terminate the violation.

The covered unit may terminate the agreement if the counterparty does not complete or terminate the violation within the time indicated by the insured entity. Disputes over the purchase price. If the parties fail to agree on the fair value of the assets to make use of the call option within 30 business days of receiving the [PARTY A] notification, fair value is determined by three professionally certified appraisers, one of whom is chosen by each party, and by the two selected parties. If you choose the term to end in one condition, make sure that the condition is clearly defined, either in that term clause or in a separate appendix to the agreement. The termination effect highlights the impact of the end of the agreement on each party`s obligations and how shared documents and documents must be returned at the end of the agreement. As a general rule, the end of the agreement ends with all the obligations of the parties.

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Datum: Tuesday, 13. April 2021 10:27
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