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LICENSING |
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Notices |
Example Clauses
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All notices given pursuant to this Agreement shall be in writing
and may be hand delivered, or shall be deemed received within [time period]
after mailing if sent by registered or certified mail, return receipt
requested. If any notice is sent by facsimile, confirmation copies must be
sent by mail or hand delivery to the specified address. Either party may from
time to time change its Notice Address by written notice to the other party. |
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Commentary: Notifying the other side is the first step for many actions a party may wish to take under a contract, but "any old notice" will not do. In order to give effective notice, for example, to start the clock running on time periods that are set out in the agreement, the parties must follow exactly the details of proper notice spelled out in the notice provision. Be sure that the institutional contact person named in the notice provision is the right person to receive notice and will know how to handle business and legal matters. Also review the methods for sending and receiving notice to be sure they include methods you will use. Many clauses have not been updated to include electronic communication tools. See, e.g., Term; Renewal; Early Termination; Perpetual License. |
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