Example ContractsClausesSufficiency of Consideration
Sufficiency of Consideration
Sufficiency of Consideration contract clause examples

Sufficiency of Consideration. Employee agrees that Severance Package is made in exchange for, and constitutes good and valuable consideration for Employee's execution of this Agreement.

Sufficiency of Consideration for Release. Employee acknowledges that: # the Severance Pay constitutes full-time executive-level compensation; # Employee will not be performing full-time executive-level duties during the Transition Term; and # her execution of the general release is a material inducement for the Company to provide the Severance Pay and she would not be entitled to the Severance Pay but for her execution of the general release.

Sufficiency of Consideration. Executive hereby acknowledges and agrees that Executive has received good and sufficient consideration for every promise, duty, release, obligation, agreement and right contained in this Release.

Sufficiency of Consideration. Employee agrees that Severance Package is made in exchange for, and constitutes good and valuable consideration for Employee's execution of this Agreement.

. During any Cash Management Period in which Cash Flow is disbursed pursuant to the Cash Management Period Waterfall:

Sufficiency of Consideration. Executive agrees that the Severance Package is made in exchange for, and constitutes good and valuable consideration for Executive's execution of this Agreement.

Sufficiency of Consideration. Employee agrees that Severance Package is made in exchange for, and constitutes good and valuable consideration for Employee's execution of this Agreement.

Sufficiency. as of the Effective Date, # INCY has the rights to grant the license granted herein, and it has not granted any license or other right under the INCY Patents and INCY Technology inconsistent with this Agreement, and # all employees, officers, contractors, agents and consultants of INCY who are or were involved in the creation of any INCY Patents or INCY Technology have executed an assignment of inventions agreement that vests in INCY or its Affiliates exclusive ownership of all right, title and interest in and to such Patents or Technology, to the extent not already provided by law.

Sufficiency of Consideration. Each Acquired Company and each Seller Company acknowledges and agrees that the entry into the Purchase Agreement by Seller and Purchaser and the covenants contained therein and in this Release provide good and sufficient consideration for every promise, duty, release, obligation, agreement and right contained in this Release.

Sufficiency of Assets. The Acquired Assets include all of the operating assets of Seller necessary for the operation of the Seller’s Business as currently conducted and constitute all of the assets, tangible and intangible, of any nature whatsoever, # necessary to operate the Business in the manner presently operated by Seller, except for the Excluded Assets, and # pertaining to technology, processes, plans, and other items under development used in Seller’s Business. EPI International has no assets.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.