Covenant clause: Copy, customize, and use instantly
Introduction
A covenant clause outlines the responsibilities each party agrees to under the contract. It ensures both parties are clear on their duties and commitments throughout the life of the agreement. This clause is crucial for maintaining trust and ensuring that specific actions or inactions are legally enforceable.
Below are covenant clause templates tailored to various scenarios. Copy the one you need, customise it, and add it to your contract.
Standard covenant clause
This clause sets out basic obligations that both parties must adhere to under the contract.
Each party agrees to perform its obligations under this agreement in good faith and in a manner that does not materially breach any of the terms specified herein. Each party will also promptly notify the other party of any events or circumstances that may affect the performance of its obligations.
Negative covenant clause
This clause restricts certain actions or behaviors from either party.
[Party A] agrees that, during the term of this agreement, it will not engage in any activities that directly compete with [Party B]'s business, without prior written consent from [Party B]. [Party A] will also refrain from any actions that could harm [Party B]'s interests, including but not limited to disclosing confidential information or soliciting [Party B]'s customers.
Financial covenant clause
This clause requires a party to maintain certain financial metrics or conditions.
[Party A] agrees to maintain a minimum level of operating capital of [insert dollar amount] and to provide quarterly financial statements to [Party B] that reflect this requirement. Failure to comply with this financial covenant will result in [insert consequences, e.g., termination of the agreement, penalties].
Operational covenant clause
This clause specifies performance-related obligations for one or both parties.
[Party A] agrees to provide [Party B] with regular updates on the status of its services, including monthly reports on [specific operational metrics, e.g., production output, service performance]. [Party A] will also ensure that its staff is adequately trained to meet the performance standards outlined in this agreement.
Covenant of non-disclosure clause
This clause requires parties to keep specific information confidential.
[Party A] agrees not to disclose any proprietary or confidential information provided by [Party B], except as necessary to fulfill its obligations under this agreement. This covenant of non-disclosure will remain in effect for a period of [insert time period] after the termination of this agreement.
Time-bound covenant clause
This clause sets a timeline for performance or actions to be taken.
[Party A] agrees to complete the [specific task or service] within [insert time period] from the execution of this agreement. If [Party A] fails to meet this timeline, [Party B] will have the right to [insert consequences, e.g., terminate the agreement, assess penalties].
Covenant of compliance clause
This clause ensures that parties comply with applicable laws and regulations.
Each party agrees to comply with all applicable laws and regulations in performing its obligations under this agreement. This includes, but is not limited to, compliance with [insert specific laws or regulations relevant to the agreement, e.g., data protection laws, environmental regulations].
Exclusivity covenant clause
This clause provides exclusive rights to one party for certain activities.
[Party B] agrees that it will not enter into similar agreements with other companies that provide [insert service or product] during the term of this agreement. This exclusivity covenant will be valid for [insert time period] from the date of execution.
Covenant of good faith and fair dealing clause
This clause ensures that both parties act honestly and fairly throughout the contract’s duration.
Each party agrees to perform its obligations under this agreement in good faith, ensuring that neither party unreasonably hinders the other from performing its obligations. Both parties also agree to work cooperatively to resolve any disputes that may arise during the term of the agreement.
Subcontracting covenant clause
This clause outlines the terms for subcontracting services under the agreement.
[Party A] agrees not to subcontract any of its obligations under this agreement without the prior written consent of [Party B]. Any subcontractor used by [Party A] will be held to the same standards and requirements as [Party A] under this agreement.
Covenants with penalties clause
This clause specifies penalties for failure to meet obligations.
If [Party A] fails to meet any covenant specified in this agreement, including [insert specific covenants], [Party B] will be entitled to impose a penalty of [insert dollar amount or percentage] for each instance of non-compliance. This penalty will be due within [insert time period] of written notification of the breach.
Termination covenant clause
This clause defines obligations upon the termination of the agreement.
Upon termination of this agreement, [Party A] agrees to return or destroy all confidential information and intellectual property belonging to [Party B]. [Party A] also agrees to fulfill any outstanding obligations, including payment of fees due, within [insert time period].
Continuous performance covenant clause
This clause requires ongoing performance over the term of the contract.
[Party A] agrees to continuously meet performance standards outlined in this agreement, ensuring that all services are provided in a manner that meets or exceeds industry norms. This covenant will remain in effect throughout the duration of this agreement and any extensions.
Covenant of non-compete clause
This clause restricts a party from engaging in competing activities during the term and after the contract ends.
[Party A] agrees that during the term of this agreement and for a period of [insert time period] following termination, it will not directly or indirectly engage in any business that competes with [Party B]'s business in [insert specific industry or market].
Environmental compliance covenant clause
This clause ensures parties meet environmental standards.
[Party A] agrees to comply with all applicable environmental laws and regulations in connection with its obligations under this agreement. Any failure to meet environmental standards will result in immediate corrective action, at [Party A]'s expense.
Ownership rights covenant clause
This clause defines the ownership rights of intellectual property or assets created under the contract.
[Party A] agrees that any intellectual property, inventions, or materials developed during the term of this agreement will be the exclusive property of [Party B]. [Party A] will execute any necessary documents to transfer ownership to [Party B].
Financial reporting covenant clause
This clause requires regular financial reporting.
[Party A] agrees to provide [Party B] with quarterly financial statements showing the full details of its financial position. These reports will be provided within [insert number] days of the end of each quarter.
Compliance with third-party agreements covenant clause
This clause ensures the party complies with third-party contractual obligations.
[Party A] agrees to comply with all applicable third-party agreements that relate to its performance under this contract. Any failure to comply with these third-party agreements will be deemed a breach of this agreement.
Good standing covenant clause
This clause ensures the party maintains good standing with relevant authorities or entities.
[Party A] agrees to maintain its good standing with all regulatory bodies, including [insert relevant authorities], and provide proof of compliance upon request from [Party B].
Restricted use covenant clause
This clause limits how the goods or services under the contract can be used.
[Party B] agrees that it will only use the goods/services provided under this agreement for the purposes specified herein. Any use outside of these specified purposes requires written consent from [Party A].
Personal performance covenant clause
This clause specifies that a party must personally fulfill its obligations under the contract.
[Party A] agrees that it will personally fulfill all obligations under this agreement and will not delegate these duties to others without the express written consent of [Party B].
Indemnification covenant clause
This clause requires one party to indemnify the other for certain actions.
[Party A] agrees to indemnify and hold harmless [Party B] from any claims, damages, or liabilities arising from [Party A]'s breach of any of its covenants under this agreement.
Compliance with privacy laws covenant clause
This clause ensures compliance with privacy regulations.
[Party A] agrees to comply with all applicable privacy and data protection laws, including but not limited to [insert law/regulation], in the processing and handling of any personal data under this agreement.
Non-solicitation covenant clause
This clause restricts the parties from soliciting each other’s employees or clients.
[Party A] agrees not to solicit or hire [Party B]'s employees or contractors, or directly solicit [Party B]'s clients, for a period of [insert time period] following termination of this agreement.
Covenant of timely notification clause
This clause obligates a party to notify the other of any issues or delays.
[Party A] agrees to promptly notify [Party B] in writing of any event or circumstance that may cause a delay in fulfilling its obligations under this agreement. The notification must be made within [insert time period] of becoming aware of the issue.
Conflict of interest covenant clause
This clause requires parties to avoid conflicts of interest.
[Party A] agrees to promptly disclose to [Party B] any potential conflicts of interest that may arise during the term of this agreement. [Party A] will not engage in any activities that could interfere with its duties under this agreement.
Specific performance covenant clause
This clause requires parties to perform specific duties or obligations under the contract.
[Party A] agrees to specifically perform its obligations as outlined in this agreement. If [Party A] fails to meet its obligations, [Party B] has the right to request specific performance through legal means.
Compliance with industry standards covenant clause
This clause ensures adherence to industry-specific standards.
[Party A] agrees to meet all relevant industry standards in the performance of its obligations under this agreement. This includes, but is not limited to, compliance with [insert industry standards, e.g., ISO standards, safety regulations].
Covenant of non-disruption clause
This clause prevents a party from interfering with the other's business operations.
[Party A] agrees not to take any actions that will disrupt, interfere with, or harm [Party B]'s operations or relationships with its employees, customers, or partners.
Performance bond covenant clause
This clause requires a bond to ensure performance of obligations.
[Party A] agrees to secure a performance bond in the amount of [insert dollar amount] to guarantee the fulfillment of its obligations under this agreement. Failure to deliver as agreed will result in the forfeiture of the bond.
No-transfer covenant clause
This clause restricts the transfer of certain rights or obligations under the agreement.
[Party A] agrees not to transfer or assign any of its rights or obligations under this agreement to any third party without the prior written consent of [Party B].
Maintenance covenant clause
This clause specifies ongoing maintenance or support obligations.
[Party A] agrees to provide maintenance and support services for the products/services provided under this agreement for a period of [insert time period]. This includes regular updates and troubleshooting as needed.
Covenant of non-interference clause
This clause restricts interference with the other party’s business relationships.
[Party A] agrees not to interfere with or disrupt the business relationships of [Party B], including but not limited to, relationships with customers, suppliers, and employees.
Confidential information covenant clause
This clause ensures protection of confidential information.
[Party A] agrees to protect all confidential information shared under this agreement and will not disclose, share, or use such information for any purpose other than the performance of obligations under this contract.
Compliance with environmental regulations covenant clause
This clause requires compliance with environmental laws.
[Party A] agrees to comply with all applicable environmental regulations in the performance of its obligations under this agreement, including those concerning waste disposal, emissions, and resource use.
Change of control covenant clause
This clause addresses the impact of a change of control in a party’s business.
[Party A] agrees to notify [Party B] of any change of control in its ownership or management within [insert time period]. Such a change may be grounds for termination or renegotiation of this agreement.
Insurance maintenance covenant clause
This clause mandates the maintenance of insurance coverage.
[Party A] agrees to maintain insurance coverage sufficient to cover potential liabilities arising from the performance of this agreement, with coverage limits of no less than [insert dollar amount].
Unforeseen event covenant clause
This clause addresses actions required in response to unforeseen events.
[Party A] agrees to notify [Party B] promptly of any unforeseen event that prevents or delays its ability to perform its obligations under this agreement. Parties will work in good faith to mitigate any adverse effects.
Minimum sales covenant clause
This clause requires a party to meet minimum sales or revenue thresholds.
[Party A] agrees to achieve minimum sales of [insert amount] annually under this agreement. If [Party A] fails to meet this threshold for two consecutive years, [Party B] may terminate the agreement.
Covenant of exclusivity in performance clause
This clause requires exclusivity for certain services or products.
[Party A] agrees to provide exclusive services to [Party B] in [specific area or region], and will not provide similar services to other parties in this territory for the duration of this agreement.
Covenant for timely delivery clause
This clause ensures that services or products are delivered within the agreed timeframes.
[Party A] agrees to deliver [insert goods/services] to [Party B] on or before [insert date]. Failure to meet this delivery deadline will result in a [insert penalty or alternative remedy].
Non-hire covenant clause
This clause prevents one party from hiring the other party’s employees.
[Party A] agrees not to hire or solicit the employees of [Party B] for a period of [insert time period] following the termination of this agreement, unless written consent is obtained.
Covenant of operational transparency clause
This clause requires openness about business operations and activities.
[Party A] agrees to provide [Party B] with access to relevant records, data, and operations as necessary for the performance and oversight of this agreement. Full transparency will be maintained at all times.
Covenant of dispute resolution clause
This clause mandates the use of dispute resolution mechanisms.
[Party A] and [Party B] agree to resolve any disputes arising from this agreement through mediation or arbitration before resorting to litigation. Both parties commit to engaging in a good-faith attempt to resolve conflicts amicably.
Covenant to maintain business operations clause
This clause ensures that a party keeps its business running in a manner that supports the agreement’s requirements.
[Party A] agrees to maintain its business operations and not suspend, close, or significantly alter its operations without the prior written consent of [Party B]. This covenant ensures that the agreement can continue to be fulfilled without disruption.
Covenant to perform in accordance with specifications clause
This clause ensures that the performance of obligations adheres to agreed specifications.
[Party A] agrees to perform all services and provide products in strict accordance with the specifications set out in this agreement, ensuring the quality and standards outlined are consistently met.
Covenant of timely payment clause
This clause ensures that all financial obligations under the agreement are met on time.
[Party A] agrees to make all payments due under this agreement on time, without delay. Any overdue payments will incur a late fee of [insert percentage] for each day the payment is delayed.
Covenant of indemnification for intellectual property clause
This clause requires one party to indemnify the other against intellectual property infringement.
[Party A] agrees to indemnify and hold harmless [Party B] from any claims, damages, or expenses arising from a third party’s claim of intellectual property infringement related to the products or services provided under this agreement.
Covenant to avoid conflicts of interest clause
This clause ensures that a party avoids any conflict of interest while performing its obligations under the contract.
[Party A] agrees to avoid any conflicts of interest that could interfere with the performance of its duties under this agreement. [Party A] will immediately disclose any potential conflict of interest to [Party B].
Covenant to meet industry standards clause
This clause ensures that all services or products meet the relevant industry standards.
[Party A] agrees to provide services and products that comply with all applicable industry standards and regulations, and to meet the minimum quality expectations outlined by [insert relevant authority].
Covenant to maintain confidentiality of sensitive data clause
This clause ensures that a party protects sensitive information disclosed during the contract period.
[Party A] agrees to maintain the confidentiality of any sensitive or proprietary data disclosed by [Party B], ensuring that such information is not disclosed to third parties without prior written consent.
Covenant of full disclosure clause
This clause ensures full disclosure of relevant information between the parties.
[Party A] agrees to fully disclose any material information that may affect the execution of this agreement, including any circumstances that may prevent or delay the performance of its obligations.
Covenant to ensure compliance with anti-bribery laws clause
This clause ensures that the parties comply with anti-bribery and corruption regulations.
[Party A] agrees to comply with all applicable anti-bribery laws, ensuring that no bribes, kickbacks, or illegal payments are made during the performance of this agreement. [Party A] will implement measures to ensure compliance with these laws.
Covenant of non-disparagement clause
This clause prevents either party from making negative statements about the other.
[Party A] agrees not to make any negative or disparaging statements about [Party B], its employees, or its services, either publicly or privately, during the term of this agreement and for a period of [insert time period] following its termination.
Covenant to notify of changes in business structure clause
This clause requires a party to notify the other party of any major changes to its business structure.
[Party A] agrees to notify [Party B] of any material changes to its business structure, including mergers, acquisitions, or any substantial change in ownership, within [insert time period] of such change.
Covenant to ensure adequate staffing clause
This clause ensures that sufficient staff is assigned to fulfill the contract’s obligations.
[Party A] agrees to maintain an adequately staffed team to fulfill its obligations under this agreement. If [Party A] is unable to meet staffing requirements, it will immediately inform [Party B] and work with [Party B] to find a solution.
Covenant to deliver services with due care clause
This clause ensures that services are provided with professional care and attention.
[Party A] agrees to deliver all services under this agreement with due care, skill, and professionalism, ensuring that all deliverables meet the standards expected by [Party B].
Covenant to comply with regulatory approvals clause
This clause ensures that regulatory approvals are obtained when required.
[Party A] agrees to obtain and maintain all necessary regulatory approvals, licenses, or permits required to fulfill its obligations under this agreement. Any failure to obtain such approvals will be considered a breach of contract.
Covenant to limit subcontracting clause
This clause restricts the use of subcontractors to ensure quality control.
[Party A] agrees not to subcontract any of its obligations under this agreement without the prior written consent of [Party B]. [Party A] is responsible for ensuring that any subcontractors comply with the terms of this agreement
Covenant to perform in good faith
This clause ensures that both parties act honestly and with fairness in all dealings.
[Party A] agrees to perform its obligations under this agreement in good faith, ensuring that all actions taken in relation to the agreement are honest, fair, and in the best interests of [Party B].
Covenant to preserve business records
This clause mandates that business records related to the contract be kept and maintained.
[Party A] agrees to preserve all records related to the performance of this agreement for a period of [insert time period] after its completion, making them available to [Party B] upon request.
Covenant of non-circumvention
This clause prevents a party from bypassing the other in business dealings.
[Party A] agrees not to circumvent or bypass [Party B] to conduct business directly with any party introduced through this agreement for a period of [insert time period].
Covenant to indemnify against third-party claims
This clause ensures that one party covers the other for claims made by third parties.
[Party A] agrees to indemnify and hold harmless [Party B] from any third-party claims, damages, or liabilities arising from [Party A]'s breach of its obligations under this agreement.
Covenant to maintain security standards
This clause requires a party to follow security protocols to protect data or assets.
[Party A] agrees to maintain appropriate security measures to protect [Party B]'s sensitive data and intellectual property, in accordance with industry standards and legal requirements.
Covenant of exclusivity in supply
This clause ensures that a party will not supply the same goods or services to competitors.
[Party A] agrees to exclusively supply [Party B] with the goods or services specified in this agreement for the duration of the contract. [Party A] will not supply the same goods or services to any competitor of [Party B] during this period.
Covenant to comply with all applicable laws
This clause ensures that a party follows all relevant laws and regulations.
[Party A] agrees to comply with all applicable local, state, and national laws in the performance of its obligations under this agreement, including but not limited to, tax regulations, labor laws, and environmental standards.
Covenant to maintain product quality
This clause ensures that products meet agreed standards of quality.
[Party A] agrees to maintain the agreed-upon quality standards for all products supplied under this agreement. Any deviation from these standards will result in immediate corrective action, at [Party A]'s expense.
Covenant to avoid material misrepresentation
This clause ensures that all representations made are accurate and truthful.
[Party A] agrees not to make any material misrepresentation or omit critical information in the execution of this agreement. Any false statements discovered will be grounds for immediate termination of this agreement.
Covenant to allow for periodic audits
This clause gives one party the right to audit the other party's compliance.
[Party A] agrees to allow [Party B] or its representatives to conduct periodic audits of its operations, financial records, and performance to ensure compliance with the terms of this agreement.
Covenant to act within legal limits
This clause ensures all actions taken by a party are within legal limits.
[Party A] agrees to perform all obligations under this agreement within the legal limits, ensuring no actions taken by [Party A] violate any applicable laws or regulations.
Covenant to meet deadlines
This clause holds a party to agreed-upon timelines.
[Party A] agrees to meet all deadlines as specified in the project schedule or agreed upon by both parties. Any delays must be communicated to [Party B] immediately, along with an action plan to mitigate the delay.
Covenant to provide regular updates
This clause requires a party to regularly update the other on progress.
[Party A] agrees to provide [Party B] with regular updates on the progress of all tasks related to this agreement. Updates will be provided on a [insert frequency] basis and include status reports and any challenges encountered.
Covenant of non-disclosure
This clause restricts the sharing of confidential information.
[Party A] agrees not to disclose any confidential information shared by [Party B] during the term of this agreement, unless authorized in writing by [Party B]. The non-disclosure obligation will continue for [insert time period] after the termination of the agreement.
Covenant to mitigate risks
This clause ensures that a party takes reasonable steps to minimize risks during the agreement.
[Party A] agrees to take all reasonable steps to mitigate any risks that could impact the successful execution of its obligations under this agreement, including implementing preventive measures and addressing potential issues proactively.
Covenant to allow inspections
This clause gives one party the right to inspect the other's facilities or operations.
[Party A] agrees to allow [Party B] or its representatives to inspect its facilities, operations, or any assets involved in the execution of this agreement at reasonable times, with prior notice.
Covenant to maintain operational capacity
This clause ensures that a party maintains the capacity to perform its obligations.
[Party A] agrees to maintain sufficient resources, infrastructure, and personnel to ensure the timely and efficient performance of its obligations under this agreement throughout the contract term.
Covenant to comply with safety standards
This clause requires adherence to safety regulations.
[Party A] agrees to comply with all relevant safety regulations, including those required by local authorities, industry standards, and internal policies, to ensure a safe working environment for all personnel involved in the execution of this agreement.
Covenant to protect intellectual property
This clause mandates that a party protects the intellectual property rights involved in the agreement.
[Party A] agrees to protect and safeguard any intellectual property created, provided, or used in connection with this agreement and will not infringe upon the intellectual property rights of others during the performance of its obligations.
Covenant to ensure customer satisfaction
This clause emphasizes ensuring satisfaction for customers or clients.
[Party A] agrees to take all necessary actions to ensure customer satisfaction in relation to the products or services provided under this agreement, addressing any concerns or complaints promptly and effectively.
Covenant of full cooperation
This clause requires both parties to work together towards successful execution.
[Party A] and [Party B] agree to fully cooperate with each other to ensure the smooth and timely performance of all obligations under this agreement, sharing necessary information and resources as required.
Covenant to maintain confidentiality of pricing and terms
This clause restricts the disclosure of pricing or contractual terms to third parties.
[Party A] agrees to keep the pricing structure, payment terms, and other contractual details confidential and not disclose them to any third party without the prior written consent of [Party B].
Covenant of equitable treatment
This clause ensures fair treatment of all parties involved.
[Party A] agrees to treat [Party B] and its affiliates with fairness and equity throughout the term of this agreement, ensuring that neither party is unfairly disadvantaged or favored in any business dealings or decisions.
Covenant to ensure product compliance
This clause mandates that products meet regulatory and quality standards.
[Party A] agrees to ensure that all products provided under this agreement comply with applicable regulatory requirements, quality standards, and specifications, and to notify [Party B] immediately if any product does not meet such requirements.
Covenant to meet confidentiality obligations
This clause ensures that parties meet confidentiality expectations outlined in the agreement.
[Party A] agrees to fully comply with all confidentiality obligations set forth in this agreement, ensuring that no confidential information is disclosed to unauthorized individuals or entities during and after the term of the agreement.
Covenant to provide warranties
This clause includes the warranty requirements for goods or services.
[Party A] agrees to provide warranties for all products or services delivered under this agreement, guaranteeing that they will be free from defects in material or workmanship for a period of [insert time period] after delivery.
Covenant to abide by termination notice period
This clause requires adherence to the notice period before contract termination.
[Party A] agrees to provide a notice of termination [insert number of days] days in advance, as specified in the termination section of this agreement, and will honor all obligations during this notice period.
Covenant to avoid soliciting clients or employees
This clause prevents one party from poaching employees or clients.
[Party A] agrees not to solicit or hire employees, contractors, or clients of [Party B] for a period of [insert time period] following the termination of this agreement, without prior written consent.
Covenant to meet delivery timelines
This clause emphasizes adherence to set timelines for deliveries.
[Party A] agrees to deliver all products, services, or deliverables under this agreement on or before the agreed-upon delivery dates, and to notify [Party B] immediately of any potential delays or issues.
Covenant to disclose material changes
This clause requires parties to disclose significant changes that may affect the contract.
[Party A] agrees to immediately inform [Party B] of any material changes to its financial condition, operations, or any other aspect of its business that could impact its ability to meet the obligations under this agreement.
Covenant to allow third-party evaluations
This clause mandates that third-party evaluations of performance may occur.
[Party A] agrees to allow an independent third party, selected by [Party B], to assess the performance and compliance of [Party A] under this agreement, at [Party B]’s request and expense.
Covenant to maintain qualifications
This clause requires a party to keep necessary qualifications or certifications up to date.
[Party A] agrees to maintain all required qualifications, certifications, and licenses necessary to perform the obligations under this agreement throughout its term. If any required qualification expires, [Party A] will notify [Party B] immediately.
Covenant to keep confidential pricing terms
This clause ensures the confidentiality of specific pricing or terms within the agreement.
[Party A] agrees to keep all pricing terms and related financial information confidential, not disclosing such terms to any third party except as required by law or with the prior written consent of [Party B].
Covenant to mitigate damages
This clause requires parties to take reasonable steps to mitigate damages caused by a breach.
[Party A] agrees to take all reasonable steps to mitigate any damages resulting from its breach of this agreement and will promptly notify [Party B] of any event that may lead to such damages.
Covenant to prevent fraud
This clause ensures that the parties avoid fraudulent activity in fulfilling the contract.
[Party A] agrees to take all necessary measures to prevent fraud or misrepresentation in the execution of this agreement and will immediately notify [Party B] of any suspicious activities.
Covenant to maintain health and safety standards
This clause mandates compliance with relevant health and safety regulations.
[Party A] agrees to comply with all applicable health and safety laws and regulations and to ensure that its employees, contractors, and agents adhere to these standards in the performance of their duties under this agreement.
Covenant to meet environmental obligations
This clause ensures that environmental standards are upheld.
[Party A] agrees to fully comply with all relevant environmental laws, including the management, disposal, and treatment of waste materials, and will bear the cost of any violations resulting from its actions.
Covenant to provide performance reports
This clause requires one party to submit regular performance reports.
[Party A] agrees to provide [Party B] with monthly performance reports detailing the progress, challenges, and results of its obligations under this agreement.
Covenant to adhere to ethical business practices
This clause ensures ethical conduct in business dealings.
[Party A] agrees to conduct all its business activities under this agreement in an ethical manner, adhering to high standards of integrity and avoiding any form of corruption or unethical conduct.
Covenant to provide customer support
This clause mandates that customer support services be available.
[Party A] agrees to provide [Party B] and its customers with customer support services, including troubleshooting and issue resolution, for a period of [insert time period] following the delivery of the products/services under this agreement.
Covenant to refrain from entering conflicting agreements
This clause ensures that the party does not enter into agreements that conflict with the terms of this one.
[Party A] agrees not to enter into any agreement with a third party that directly conflicts with its obligations under this agreement, including competing or overlapping obligations.
Covenant to respect non-compete
This clause ensures that one party refrains from competing with the other.
[Party A] agrees not to engage in any business activities that directly compete with [Party B] within [insert geographic region] for a period of [insert time period] after the termination of this agreement.
Covenant to avoid conflicts of interest
This clause prevents conflicts of interest during the agreement.
[Party A] agrees to avoid any personal or financial conflicts of interest that could impair its ability to fulfill its obligations under this agreement, and will disclose any potential conflicts to [Party B] immediately.
Covenant to notify of force majeure events
This clause requires immediate notification of force majeure events.
[Party A] agrees to notify [Party B] immediately upon the occurrence of any event of force majeure that may impact its ability to perform its obligations under this agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.