FURTHER ASSURANCES
Other Names: Necessary Acts • Cooperation
Sample Clause Language:
Each party agrees to perform such further acts and execute further documents as are necessary to effectuate the purposes hereof.
Source: JPMorgan Trust IV (2015, December 2). Form Schedule 13D. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml
Description:
Further Assurances clauses require a party to take actions not expressly specified in the agreement to carry out the intentions of the contract. The sample clause here is drafted to be neutral and applies mutually. Both parties agree to cooperate and perform actions at the request of the other to carry out the intentions of the contract.
Common Contracts with this Clause:
- All Commercial Agreements
What you'll see with Lawgood:
Three (3) Alternative Positions
- Mutual (Simplified)
- Mutual
- Unilateral
Draft better contracts with Lawgood.