What is collectively party?

What is collectively party?

Examples of Party or, collectively, Parties in a sentence Party: or collectively Parties refers to the entities that have entered into this Contract including the Contractor and the City.

Are collectively referred to herein as?

81 (collectively referred to herein as the “Parties”). The parties hereby. enter into this Agreement as of the date of execution for the purposes and under the terms contained herein. RECITALS. WHEREAS, each of the Parties is a duly constituted public agency, as that term is defined.

What is a mutual confidentiality agreement?

A mutual confidentiality agreement, or sometimes called a mutual non-disclosure agreement, that requires both parties to keep certain information confidential. These agreements can last for a certain period of time or indefinitely, depending on the terms of the agreement.

How do you write a mutual NDA?

  1. Step 1 – Identify Each Other’s Confidential Information. An NDA can either broadly state the information that is confidential, e.g. business plans, client lists, trade secrets, etc., or write the specific details that are not to be shared.
  2. Step 2 – Enter the Duration of the NDA.
  3. Step 3 – List the Consequences.

What is counterparty in NDA?

The Counterparty acknowledges that the Confidential Information that may be disclosed by the Company or its Representatives may contain material, non-public information.

What is the difference between mutual and unilateral non-disclosure agreement?

A unilateral agreement will state the name of the disclosing party, as well as the name of the receiving party. Conversely, a mutual NDA will somehow specify that both parties are disclosers and receivers, and that the sharing of confidential information will go both-ways.

What does collectively mean in a contract?

collectively means this Agreement, the Letters of Credit, the Notes, each Rate Protection Agreement, the Interco Subordination Agreement, the Fee Letter, the Administrative Agent’s Fee Letter, each agreement pursuant to which the Administrative Agent is granted a Lien to secure the Obligations, each Credit Extension …

How do you use collectively in a contract?

It has been my understanding that when defining terms in an agreement, it is standard to use the word “together” when referring to two entities only, and to use the word “collectively” when referring to three or more entities.

Who is first party and second party in agreement?

First party means the seller, owner, etc. Second party details (name, address, phone number, PAN and pincode). Second party means the buyer, tenant, transferee, etc.

How do you use hereinafter referred to as?

The lawyer reads the letter: “Being my sole living human heir, hereinafter referred to as heir, you are heir of my estate, in the value of $1,000,000. As heir, you will receive all remaining money after allowances and maintenance are paid out.”

Is a confidentiality agreement a contract?

A confidentiality agreement (also called a nondisclosure agreement or NDA) is a legally binding contract in which a person or business promises to treat specific information as a trade secret and promises not to disclose the secret to others without proper authorization.

What does a mutual agreement mean?

A mutual agreement is a binding contract between two or more parties and can cover any contingency. The difference between a mutual agreement and a settlement not creating a trust, is determined by the operative words, ie “mutually agrees” or “settles”.

What is the purpose of a mutual NDA?

Non-disclosure agreements are common for businesses entering into negotiations with other businesses. They allow the parties to share sensitive information without fear that it will end up in the hands of competitors. In this case, it may be called a mutual non-disclosure agreement.

Can an NDA be between two individuals?

What is a Non-disclosure Agreement? A non-disclosure agreement or NDA is a written contract between two parties (people or organisations) that prohibits the sharing of confidential information shared between both ends.

What is counterparty group?

Related to Counterparty Group. Counterparty means a Participant or a Participant’s Account or Customer whose Legal Entity Identifier is reported by BSEF to an SDR as a counterparty to a Trade. Hedging Counterparty means a broker-dealer registered under Section 15(b) of the Exchange Act or an Affiliate thereof.

What is a legal counterparty?

Introduction: Counterparties are those parties that are a part of a monetary transaction. Each transaction will have a counterparty without which the transaction can not go through. For example, a purchaser of an asset will be up against the seller who is looking to sell his asset, the vice verse as well holds good.

Does a mutual NDA protect both parties?

Mutual or Unilateral A unilateral NDA means only one party is agreeing to protect the other party’s confidential information; while a mutual NDA means both parties are agreeing to do so.

Should an NDA be signed by both parties?

Both parties will sign the NDA after they finish drafting it. Like any business contract, unilateral NDAs require someone with authority (i.e., a C-suite executive) to sign the agreement on behalf of each party. Then, one party will disclose the confidential information and designate it as confidential.

What does collectively mean in legal terms?

Collective means any association, affiliation, or establishment jointly owned and operated by its members that facilitates the collaborative efforts of qualified patients and primary caregivers, as described in the Attorney General Guidelines.

When to use “together” and “collectively” when defining terms in an agreement?

It has been my understanding that when defining terms in an agreement, it is standard to use the word “together” when referring to two entities only, and to use the word “collectively” when referring to three or more entities.

Do you prefer’together’or’collectively’in English law agreements?

I am probably more used to seeing “together” rather than “collectively” in English law agreements, but this is an instinctive reaction as I have never consciously thought about choosing between them. A Google search of “together, the parties” throws up some examples; admittedly some are settlement agreements.

Who are the parties to a non-disclosure agreement?

Buyer and Seller shall be collectively known as the “ Parties .” The Parties. This Non- Disclosure Agreement, hereinafter known as the “Agreement”, created on the day of , 20 is by and between, hereinafter known as “1st Party ”, and, hereinafter known as “2nd Party”, and collectively known as the “ Parties ”.

Who are the parties to the balabbo Yogi settlement agreement?

The Parties. This Settlement Agreement is entered into by and between Precila Balabbo (“Balabbo”) and Yogi International, LLC (“Yogi”). Together, Balabbo and Yogi are collectively referred to as the “ Parties .”

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