Contract Clause Clarification

Summary

To address managements concerns, clarify the clause by defining prejudicial to the interests with specific examples or conditions. Implement a dispute resolution process for the service provider to contest the companys opinion before termination. Ensure Article 9 includes a fair termination procedure with specified notice periods and grounds for termination. These additions can provide clarity and fairness, potentially satisfying managements requirements.

Full Conversation

i will provide one clause that management gave comment to it, please reveiw and give your best suggestion to understand explanation to that clause that can satisfy the management "Intimate the Company in advance before taking up any responsibility other than that of the Clearing & Forwarding SP for the Company in terms of this Agreement. If the Company is of the opinion that such conduct on the part of SP is prejudicial to the interests of the Company, Company shall be entitled to forthwith terminate this Agreement pursuant to Article * hereof." for this clause If the Company is of the opinion that such conduct on the part of SP is prejudicial to the interests of the Company, Company shall be entitled to forthwith terminate this Agreement pursuant to Article * hereof they are not accepting please suggest and also find article * for your refence
To address management's concerns about the clause, consider the following suggestions:
- Clarify "prejudicial to the interests" by defining specific actions or conditions that would trigger termination.
- Include a process for SP to dispute the Company's opinion before termination.
- Ensure Article * outlines a fair termination procedure, including notice periods and grounds for termination.
For a detailed explanation of Article *, please provide its content.
suggest the best comment to address to management
To address management's concerns about the clause, consider the following suggestions:
- Clarify "prejudicial to the interests" by defining specific actions or conditions that would trigger termination.
- Include a process for SP to dispute the Company's opinion before termination.
- Ensure Article * outlines a fair termination procedure, including notice periods and grounds for termination.
For a detailed explanation of Article *, please provide its content.
ARTICLE *: REPRESENTATIONS, WARRANTIES, UNDERTAKINGS, AND CONVENANTS BY THE PARTIES it obliges all the represents, warrants, undertakes and covenants please add one proper and admissiable as per legal eye comment into paragraph to address management as i will email to the management
To address management's concerns, here’s a suggestion for the clause:
- Define "prejudicial to the interests" with clear examples or conditions.
- Implement a dispute resolution process for SP to contest the Company's opinion before termination.
- Ensure Article * includes a fair termination procedure with specified notice periods and grounds for termination.
These additions can provide clarity and fairness, which may satisfy management.