Parties to the Agreement

Read the following  Parties to the Agreement section of a contract, then select the correct option from the list to complete (1) ….. to (10) ….. 

Parties to the Agreement

This Agreement („Agreement”) is ___1___ as of [Effective Date], by and between:

[Party A’s Full Legal Name], having its registered office at [Party A’s Address], Tax ID: 123456789, represented by John Smith (hereinafter referred to as „Party A”);

and

[Party B’s Full Legal Name], registered office at [Party B’s Address] Tax ID: 987654321, represented by Jane Doe  (hereinafter referred to as „Party B”).

___2____ referred to herein as the „Parties” and ___3___ as a „Party.”

1. Authority: Each Party ___4___ that it has the full power and authority to enter into this Agreement and to ___5___ its obligations hereunder.

2. Due Organization: Each Party represents and warrants that it is duly organized, validly existing, and ___6___ under the laws of the jurisdiction of its incorporation or formation and has the ___7___ power and authority to conduct its business as it is presently being conducted.

3. ___8___ of Parties
3.1 Party A: For the purposes of this Agreement, the term „Party A” shall include its subsidiaries, affiliates, successors, and assigns.
3.2 Party B: For the purposes of this Agreement, the term „Party B” shall include its subsidiaries, affiliates, successors, and assigns.

4.Changes in Control
4.1. Each Party agrees to ___9___ the other Party in writing within [number] days of any change in control of its ___10___ that could reasonably be expected to affect its ability to perform its obligations under this Agreement.

Now, press the START button to select the correct option from the list to complete (1) ….. to (10) ….. .