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Jun 9, 2024 · A sunset clause, also referred to as a termination clause or sunset provision, is a contractual provision that outlines the circumstances under which an agreement, law, or regulation will expire or cease to be in effect.
- Definition
- Advantages
- Drawbacks
- Sunset Clause Insurance
- Sunset Clause Share Conversion
- Sunset Clause Real Estate
- What Are Sunset Laws?
- What Is A Sunset Clause?
- What Is A Sunset Date?
- What Is A Sunset Clause in A Contract?
According to Investopedia, a sunset clauseis defined as: What is notable with this definition is that a statute or contractual clause automatically expireswith the passing of time.
The advantage of a sunset clause in a contract is that the obligations of a party (or both parties) automatically will expire. In other words, a contractual party does not have to formally trigger the termination of the contract or invoke rights under the contract to no longer be legally bound by certain provisions. Another advantage is that a suns...
Sunset provisions can also have drawbacks as well. In many cases, when a contract is signed, the contractual parties store the contract somewhere and rarely come back to it. A contractual party may forget that certain obligations are slated to “sunset” or expire after a certain period of time. As such, if they are not notified that the sunset provi...
Parties to an insurance contract can include a sunset date for certain coverages to automatically expire or not include any sunset provision. Here is the description of insurance coverage where the parties have specifically agreed not to include any sunset provision:
Corporations may use a sunset clause or provision to convert certain classes of shares to another within their capital stock. Here is an example where the Counsil for Institutional Investors recommending a time-based sunset clause to deal with certain voting rights related to the Facebook stocks:
Parties to a real estate transaction can use a sunset clause to provide that they must conclude the transaction by no later than a certain date. If the deal is not “closed” by that date, the buyer and seller can walk away from the deal. For example: Here are a couple of fictional sunset clauses we’ve drafted to give you an idea of how they may be p...
Sunset lawsor a sunset rule are statutes, regulators or other legislative provisions that will automatically be repealed by a certain date or within a certain timeline. Typically, a sunset law is enacted when the government needs to act quicklyand did not have time to study the appropriateness or consequences for the adoption of certain laws. The g...
A sunset clause is a contractual provision stipulating that the obligations of the contract or specific provisions will cease to produce legal effectsafter a certain time. For example: In 2015, Goldcorp announced such a plan of arrangement whereby the stockholders were given a deadline to exchange their shares.
A sunset date is a date past which a contract is automatically terminated or a statute or regulation is automatically repealed. A sunset date is like an “expiration date” or “termination date”. The legal obligations of a party to a contract will stop, cease to have legal effect or will no longer be enforceable after the sunset date.
A sunset clause in a contract provides for a date past which the same clause, other clauses or the entire contract will terminate. The termination of the contract can be linked to a specific date or to an event. Here is an example of a sunset clause linked to a defined date: The parties may also sunset certain contractual obligations with the occur...
Aug 1, 2019 · Sunset Contract: Directed by Marc Conen. With Peter Nicholas, Paris Jefferson, Anna Nightingale. A mysterious woman appears before social media CEO Brad and tempts him into signing a privacy-violating contract before the end of the day.
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- Drama, Mystery, Thriller
- Marc Conen
- 2019-08-01
A sunset clause, or a sunset provision, is a contract in a regulation that will automatically expire on a specific date. A good sunset clause example is if the sunset clause date is reached, the sunset clause will provide an automatic appeal of the entire law.
Aug 18, 2023 · Welcome to the Sunset Silhouettes! In this post, you’re going to learn: How sunset clauses set end dates for legal agreements. How their wording affects your rights. Tactics for negotiating to protect your interests. I’ll also share examples of their use in real estate deals and prenuptial agreements.
Dec 23, 2021 · A sunset clause provides for a set period of time, after the termination or expiration of a contract, during which one party continues to receive certain benefits (such as a share of revenue) under the contract.
May 19, 2020 · Social media CEO Brad meets a mysterious woman in his new beach villa, where she confronts him with a contract to be executed before sunset.Unaware of her si...
- 2 min
- 737
- Indiepend Pictures
