CoPreRis asbl
CoPreRis asbl
BE 810.028.390
BE 810.028.390
Contract for the transfer of usufruct of prestigious assets, real estate and/or furniture, and/or works of art
Contract for the transfer of usufruct of prestigious assets, real estate and/or furniture, and/or works of art
xxxxxx/2022xxx
xxxxxx/2022xxx
Between
Between
The non-profit organisation CoPreRis, having its registered office in Belgium, in Ougrée, avenue du beau site, 99, represented by ir Jean COIGNON, managing director,
The non-profit organisation CoPreRis, having its registered office in Belgium, in Ougrée, avenue du beau site, 99, represented by ir Jean COIGNON, managing director,
Hereinafter referred to as the Foundation,
Hereinafter referred to as the Foundation,
And
And
……..………………………………….,
……..………………………………….,
Hereinafter referred to as the private Client,
Hereinafter referred to as the private Client,
It has been previously explained :
It has been previously explained :
Preamble
Preamble
The Foundation considers that Culture is an invisible but essential constituent of well-being at work, and wishes to promote the dissemination of contemporary artists in companies and institutions. The private Client shares this feeling but also wants to optimize the costs of a concrete commitment in this direction. The agreement reached is justified here.
The Foundation considers that Culture is an invisible but essential constituent of well-being at work, and wishes to promote the dissemination of contemporary artists in companies and institutions. The private Client shares this feeling but also wants to optimize the costs of a concrete commitment in this direction. The agreement reached is justified here.
Having said that, it was agreed that the following.
Having said that, it was agreed that the following.
Article 1 : affiliation
Article 1 : affiliation
The private Client, by bringing, directly or eventually, property to the Foundation, participates in the achievement of its corporate purpose and becomes an affiliate member, at its request and upon the approval of its application as provided for in the statutes, with a right, like any other affiliated member, to the financial support of the Foundation to the extent of its efforts.
The private Client, by bringing, directly or eventually, property to the Foundation, participates in the achievement of its corporate purpose and becomes an affiliate member, at its request and upon the approval of its application as provided for in the statutes, with a right, like any other affiliated member, to the financial support of the Foundation to the extent of its efforts.
Article 2 : cession
Article 2 : cession
The private Client will assign the usufruct of the goods that He will bring, directly or in the long term, to the Foundation until the termination of the rental contract of said goods which will be concluded with the chosen professional Client.
The private Client will assign the usufruct of the goods that He will bring, directly or in the long term, to the Foundation until the termination of the rental contract of said goods which will be concluded with the chosen professional Client.
Article 3 : properties
Article 3 : properties
The Foundation will lease to the professional Client the properties transferred in usufruct to the Foundation. These properties will be evaluated by the Foundation, in agreement with the Experts possibly required by the private Client.
The Foundation will lease to the professional Client the properties transferred in usufruct to the Foundation. These properties will be evaluated by the Foundation, in agreement with the Experts possibly required by the private Client.
Article 4 : rent
Article 4 : rent
The private Client and the Foundation will jointly determine the duration and amount of the rental to the professional Client.
The private Client and the Foundation will jointly determine the duration and amount of the rental to the professional Client.
Article 5: delegation
Article 5: delegation
The private Client, an autonomous affiliated member of the Foundation, will be entrusted with tax-free cash from the Foundation to develop it internationally via its private networks, for an amount corresponding to the financial cost of the Professional Client's commitment, and will resume, thanks to this sum, on its own account, its own project of action, within the framework of the objectives of the Foundation, but according to its own ways and means, in the strictest confidentiality.
The private Client, an autonomous affiliated member of the Foundation, will be entrusted with tax-free cash from the Foundation to develop it internationally via its private networks, for an amount corresponding to the financial cost of the Professional Client's commitment, and will resume, thanks to this sum, on its own account, its own project of action, within the framework of the objectives of the Foundation, but according to its own ways and means, in the strictest confidentiality.
Article 5b: prevention
Article 5b: prevention
The private Client will receive preventive compensation for the risks related to the exhibition of the works in public, up to a two-digit return linked to the chosen rent of the placement of his property, calculated on the value of the property ceded in usufruct.
The private Client will receive preventive compensation for the risks related to the exhibition of the works in public, up to a two-digit return linked to the chosen rent of the placement of his property, calculated on the value of the property ceded in usufruct.
Obligations of the Foundation
Obligations of the Foundation
Article 6 : performance of the service
Article 6 : performance of the service
The Foundation undertakes to advise the private Client in its implementation of the purpose of this contract, in accordance with the rules of the art and in the best way.
The Foundation undertakes to advise the private Client in its implementation of the purpose of this contract, in accordance with the rules of the art and in the best way.
To this end, It will constitute the team necessary for the realization of the mission and will solicit from the private Client all the elements necessary for its proper execution.
To this end, It will constitute the team necessary for the realization of the mission and will solicit from the private Client all the elements necessary for its proper execution.
Article 7 : extension of time
Article 7 : extension of time
The Parties may agree an deadlines for the execution of the planned missions.
The Parties may agree an deadlines for the execution of the planned missions.
Article 8 : nature of the obligations
Article 8 : nature of the obligations
For the performance of the due diligence and services provided for in Article 6 above, the Foundation undertakes to give its best care, in accordance with the rules of the art, but this obligation is, by express agreement, only pure obligation of means.
For the performance of the due diligence and services provided for in Article 6 above, the Foundation undertakes to give its best care, in accordance with the rules of the art, but this obligation is, by express agreement, only pure obligation of means.
Article 9 : obligation of confidentiality
Article 9 : obligation of confidentiality
The Foundation will consider as strictly confidential, and refrains from disclosing, any information, document, data or concept, of which It may become aware on the occasion of this contract. For the application of this clause, the Foundation is responsible for its team as well as for Itself. The Foundation, however, cannot be held responsible for any disclosure if the disclosed material was in the public domain at the time of disclosure, or if It became aware of it, or obtained it from third parties through legitimate means.
The Foundation will consider as strictly confidential, and refrains from disclosing, any information, document, data or concept, of which It may become aware on the occasion of this contract. For the application of this clause, the Foundation is responsible for its team as well as for Itself. The Foundation, however, cannot be held responsible for any disclosure if the disclosed material was in the public domain at the time of disclosure, or if It became aware of it, or obtained it from third parties through legitimate means.
Obligations of the private Client
Obligations of the private Client
Article 10 : obligation to cooperate
Article 10 : obligation to cooperate
The private Client will keep at the disposal of the Foundation all the information that can contribute to the proper realization of the purpose of this contract.
The private Client will keep at the disposal of the Foundation all the information that can contribute to the proper realization of the purpose of this contract.
Article 11 : obligation not to solicit collaborators
Article 11 : obligation not to solicit collaborators
The private Client is prohibited from hiring, or making work in any way, without the agreement of the Foundation, any present or future collaborator of the Foundation. This clause will apply, regardless of the specialization of the employee in question, and even in the event that the solicitation is at the initiative of the said employee. This clause will develop its effects throughout the execution of this contract, and for six months from its extinction.
The private Client is prohibited from hiring, or making work in any way, without the agreement of the Foundation, any present or future collaborator of the Foundation. This clause will apply, regardless of the specialization of the employee in question, and even in the event that the solicitation is at the initiative of the said employee. This clause will develop its effects throughout the execution of this contract, and for six months from its extinction.
Various
Various
Article 12 : ownership of search results
Article 12 : ownership of search results
By express agreement, the results of a search to allow the performance of the service according to Article 6 will be in the full control of the private Client who will be able to dispose of them as he sees fit. The Foundation, for its part, refrains from reporting the results in question and using them in any way, unless It obtains the prior authorization of the private Client.
By express agreement, the results of a search to allow the performance of the service according to Article 6 will be in the full control of the private Client who will be able to dispose of them as he sees fit. The Foundation, for its part, refrains from reporting the results in question and using them in any way, unless It obtains the prior authorization of the private Client.
Article 13 : guarantee
Article 13 : guarantee
The Foundation guarantees the private Client against any claim by third parties alleged against the private Client and concerning the elements, or information, provided by the Foundation to the private Client.
The Foundation guarantees the private Client against any claim by third parties alleged against the private Client and concerning the elements, or information, provided by the Foundation to the private Client.
Article 14 : responsabilities
Article 14 : responsabilities
The private Client agrees that, whatever the basis of his claim, and the procedure followed to implement it, the possible liability of the Foundation for the performance of the obligations provided for in this contract will always be subject to arbitration.
The private Client agrees that, whatever the basis of his claim, and the procedure followed to implement it, the possible liability of the Foundation for the performance of the obligations provided for in this contract will always be subject to arbitration.
In addition, the private Client waives the right to seek the responsability of the Foundation in the event of damage to the files, or to any document he has entrusted to It.
In addition, the private Client waives the right to seek the responsability of the Foundation in the event of damage to the files, or to any document he has entrusted to It.
The Foundation disclaims its liability for material damage that may affect the buildings, installations, equipment, furniture of the private Client, excluding fraud.
The Foundation disclaims its liability for material damage that may affect the buildings, installations, equipment, furniture of the private Client, excluding fraud.
The private Client agrees that the Foundation will not incur any liability for any loss of profits, commercial disturbance, or demands that the private Client may suffer, subject tothe guarantee set out in Article 13 above.
The private Client agrees that the Foundation will not incur any liability for any loss of profits, commercial disturbance, or demands that the private Client may suffer, subject tothe guarantee set out in Article 13 above.
Article 15 : penalties
Article 15 : penalties
Any breach of the firm deadlines that would be stipulated according to Article 7 above will give rise to the obligation for the Foundation to compensate the private Client via arbitration.
Any breach of the firm deadlines that would be stipulated according to Article 7 above will give rise to the obligation for the Foundation to compensate the private Client via arbitration.
Article 16 : termination-sanction
Article 16 : termination-sanction
Any serious breach by one of the Parties of the obligations it has in charge of will result, if the creditor of the obligation not performed, as it sees fit, the automatic termination of this contract, fifteen days after formal notice to execute by registered letter with acknowledgment of receipt remained without effect, without prejudice to any damages and interests.
Any serious breach by one of the Parties of the obligations it has in charge of will result, if the creditor of the obligation not performed, as it sees fit, the automatic termination of this contract, fifteen days after formal notice to execute by registered letter with acknowledgment of receipt remained without effect, without prejudice to any damages and interests.
Article 17 : termination through no fault
Article 17 : termination through no fault
This contract may be terminated at any time by each of the Parties, but with extinction of the only commitments not yet performed.
This contract may be terminated at any time by each of the Parties, but with extinction of the only commitments not yet performed.
Article 18 : subcontracting
Article 18 : subcontracting
The Foundation may subcontract the performance of ancillary tasks to third parties who have better know-how, which the private Client acknowledges and accepts.
The Foundation may subcontract the performance of ancillary tasks to third parties who have better know-how, which the private Client acknowledges and accepts.
Article 19 : assignment of contract
Article 19 : assignment of contract
This contract is concluded in consideration of the person of the Foundation who may only assign it to a third party with the agreement of the private Client.
This contract is concluded in consideration of the person of the Foundation who may only assign it to a third party with the agreement of the private Client.
Article 20 : referencing
Article 20 : referencing
The private Client accepts that the Foundation may include among its references the work carried out under this contract, withou any derogation from the Foundation's obligations in terms of confidentiality under Article 9.
The private Client accepts that the Foundation may include among its references the work carried out under this contract, withou any derogation from the Foundation's obligations in terms of confidentiality under Article 9.
Article 21 : interpretation of the contract
Article 21 : interpretation of the contract
This contract contains all the commitments of the Parties, and correspondence, offers or proposals prior to the signing hereof, are considered null and void.
This contract contains all the commitments of the Parties, and correspondence, offers or proposals prior to the signing hereof, are considered null and void.
Article 22 : mediation
Article 22 : mediation
The Parties undertake to try to resolve amicably any dispute that may arise between Them, on the occasion of this contract.
The Parties undertake to try to resolve amicably any dispute that may arise between Them, on the occasion of this contract.
Article 23 : jurisdiction
Article 23 : jurisdiction
Any dispute that may arise between the Parties, concerning the formation, execution, or interpretation of this contract, will be the exclusive jurisdiction of the court of Liège.
Any dispute that may arise between the Parties, concerning the formation, execution, or interpretation of this contract, will be the exclusive jurisdiction of the court of Liège.
Article 24 : arbitration
Article 24 : arbitration
Any dispute that may arise between the Parties, as to the formation, execution, or on the occasion of this contract, will first be submitted, on the initiative of the most diligent Party, to an arbitral tribunal composed of three persons. To this end, each Party shall appoint its own arbitrator. The one who will take the initiative of the procedure informing the other Party by registered letter with acknowledgment of receipt of the name of the arbitrator chosen; the other Party informing the first Party, within fifteen days of receipt of the letter, in the same form, of the name of the second arbitrator chosen. In the event of failure to appoint the second arbitrator, within the above-mentioned period, the Party which has taken the initiative of the arbitration shall request the appointment of the president of the court of Liège, ruling on simple request. The two arbitrators appointed within fifteen days of their joint referral will agree on the appointment of the third. In the absence of an agreement between the two arbitrators, the third shall be appointed by order of the president of the aforementioned court, at the request of the most diligent Party. The arbitral panel will decide, on appeal, in accordance with the provisions of the code of civil procedure.
Any dispute that may arise between the Parties, as to the formation, execution, or on the occasion of this contract, will first be submitted, on the initiative of the most diligent Party, to an arbitral tribunal composed of three persons. To this end, each Party shall appoint its own arbitrator. The one who will take the initiative of the procedure informing the other Party by registered letter with acknowledgment of receipt of the name of the arbitrator chosen; the other Party informing the first Party, within fifteen days of receipt of the letter, in the same form, of the name of the second arbitrator chosen. In the event of failure to appoint the second arbitrator, within the above-mentioned period, the Party which has taken the initiative of the arbitration shall request the appointment of the president of the court of Liège, ruling on simple request. The two arbitrators appointed within fifteen days of their joint referral will agree on the appointment of the third. In the absence of an agreement between the two arbitrators, the third shall be appointed by order of the president of the aforementioned court, at the request of the most diligent Party. The arbitral panel will decide, on appeal, in accordance with the provisions of the code of civil procedure.
Made on ………………., in duplicate,
Made on ………………., in duplicate,
The private Client :
The private Client :
The Foundation :
The Foundation :
CoPreRis asbl
CoPreRis asbl
BE 810.028.390
BE 810.028.390
Rental contract for prestigious assets, real estate and/or furniture, and/or works of art
Rental contract for prestigious assets, real estate and/or furniture, and/or works of art
xxxxxx/2022xxx
xxxxxx/2022xxx
Between
Between
The non-profit organisation CoPreRis, having its registered office in Belgium, in Ougrée, avenue du beau site, 99, represented by ir Jean COIGNON, managing director,
The non-profit organisation CoPreRis, having its registered office in Belgium, in Ougrée, avenue du beau site, 99, represented by ir Jean COIGNON, managing director,
Hereinafter referred to as the Foundation,
Hereinafter referred to as the Foundation,
And
And
The economic entity xxxxxx, having its registered office in ……..………………………………….,
The economic entity xxxxxx, having its registered office in ……..………………………………….,
Hereinafter referred to as the professional Client,
Hereinafter referred to as the professional Client,
represented by ………………….,
represented by ………………….,
It has been previously explained :
It has been previously explained :
Preamble
Preamble
The Foundation considers that Culture is an invisible but essential constituent of well-being at work, and wishes to promote the dissemination of contemporary artists in companies and institutions. The professional Client shares this feeling but also wants to optimize the costs of a concrete commitment in this direction. The agreement reached is justified here.
The Foundation considers that Culture is an invisible but essential constituent of well-being at work, and wishes to promote the dissemination of contemporary artists in companies and institutions. The professional Client shares this feeling but also wants to optimize the costs of a concrete commitment in this direction. The agreement reached is justified here.
.
.
Having said that, it was agreed that the following.
Having said that, it was agreed that the following.
Article 1 : will
Article 1 : will
The professional Client, by choosing, directly or in the future, goods offered by the Foundation, consciously participates in the achievement of its corporate purpose in a partly patronage framework but also to meet European requirements in terms of well-being at work.
The professional Client, by choosing, directly or in the future, goods offered by the Foundation, consciously participates in the achievement of its corporate purpose in a partly patronage framework but also to meet European requirements in terms of well-being at work.
Article 2 : renting
Article 2 : renting
The professional Client will rent, for professional purposes, within the limits of the monthly rent that He will set in agreement with the Foundation, the properties he has chosen.
The professional Client will rent, for professional purposes, within the limits of the monthly rent that He will set in agreement with the Foundation, the properties he has chosen.
Article 3 : rent
Article 3 : rent
The professional Client will pay the Foundation the rent fixed monthly, as soon as the contract is signed, for the expertise of the Foundation at its service in the search for the properties that will be brought to term, for the enjoyment of the properties in its facilities, and until its extinction, in agreement with the Foundation but at its sole and absolute discretion.
The professional Client will pay the Foundation the rent fixed monthly, as soon as the contract is signed, for the expertise of the Foundation at its service in the search for the properties that will be brought to term, for the enjoyment of the properties in its facilities, and until its extinction, in agreement with the Foundation but at its sole and absolute discretion.
Article 4 : proposals
Article 4 : proposals
The Foundation will propose properties among those It holds in usufruct.
The Foundation will propose properties among those It holds in usufruct.
Article 5 : sponsorship
Article 5 : sponsorship
The professional Client is aware of the fact that this rental is part of a patronage but also of European obligations which justify its amount and its use.
The professional Client is aware of the fact that this rental is part of a patronage but also of European obligations which justify its amount and its use.
Obligations of the Foundation
Obligations of the Foundation
Article 6 : performance of the service
Article 6 : performance of the service
The Foundation undertakes to advise the professional Client in its implementation of the purpose of this contract, in accordance with the rules of the art and in the best way.
The Foundation undertakes to advise the professional Client in its implementation of the purpose of this contract, in accordance with the rules of the art and in the best way.
To this end, It will constitute the team necessary for the realization of the mission and will solicit from the professional Client all the elements necessary for its proper execution.
To this end, It will constitute the team necessary for the realization of the mission and will solicit from the professional Client all the elements necessary for its proper execution.
Article 7 : extension of time
Article 7 : extension of time
The Parties may agree an deadlines for the execution of the planned missions.
The Parties may agree an deadlines for the execution of the planned missions.
Article 8 : nature of the obligations
Article 8 : nature of the obligations
For the performance of the due diligence and services provided for in Article 6 above, the Foundation undertakes to give its best care, in accordance with the rules of the art, but this obligation is, by express agreement, only pure obligation of means.
For the performance of the due diligence and services provided for in Article 6 above, the Foundation undertakes to give its best care, in accordance with the rules of the art, but this obligation is, by express agreement, only pure obligation of means.
Article 9 : obligation of confidentiality
Article 9 : obligation of confidentiality
The Foundation will consider as strictly confidential, and refrains from disclosing, any information, document, data or concept, of which It may become aware on the occasion of this contract. For the application of this clause, the Foundation is responsible for its team as well as for Itself. The Foundation, however, cannot be held responsible for any disclosure if the disclosed material was in the public domain at the time of disclosure, or if It became aware of it, or obtained it from third parties through legitimate means.
The Foundation will consider as strictly confidential, and refrains from disclosing, any information, document, data or concept, of which It may become aware on the occasion of this contract. For the application of this clause, the Foundation is responsible for its team as well as for Itself. The Foundation, however, cannot be held responsible for any disclosure if the disclosed material was in the public domain at the time of disclosure, or if It became aware of it, or obtained it from third parties through legitimate means.
Obligations of the professional Client
Obligations of the professional Client
Article 10 : obligation to cooperate
Article 10 : obligation to cooperate
The professional Client will keep at the disposal of the Foundation all the information that can contribute to the proper realization of the purpose of this contract.
The professional Client will keep at the disposal of the Foundation all the information that can contribute to the proper realization of the purpose of this contract.
Article 11 : obligation not to solicit collaborators
Article 11 : obligation not to solicit collaborators
The professional Client is prohibited from hiring, or making work in any way, without the agreement of the Foundation, any present or future collaborator of the Foundation. This clause will apply, regardless of the specialization of the employee in question, and even in the event that the solicitation is at the initiative of the said employee. This clause will develop its effects throughout the execution of this contract, and for six months from its extinction.
The professional Client is prohibited from hiring, or making work in any way, without the agreement of the Foundation, any present or future collaborator of the Foundation. This clause will apply, regardless of the specialization of the employee in question, and even in the event that the solicitation is at the initiative of the said employee. This clause will develop its effects throughout the execution of this contract, and for six months from its extinction.
Various
Various
Article 12 : ownership of search results
Article 12 : ownership of search results
By express agreement, the results of a search to allow the performance of the service according to Article 6 will be in the full control of the professional Client who will be able to dispose of them as he sees fit. The Foundation, for its part, refrains from reporting the results in question and using them in any way, unless It obtains the prior authorization of the professional Client.
By express agreement, the results of a search to allow the performance of the service according to Article 6 will be in the full control of the professional Client who will be able to dispose of them as he sees fit. The Foundation, for its part, refrains from reporting the results in question and using them in any way, unless It obtains the prior authorization of the professional Client.
Article 13 : guarantee
Article 13 : guarantee
The Foundation guarantees the professional Client against any claim by third parties alleged against the professional Client and concerning the elements, or information, provided by the Foundation to the professional Client .
The Foundation guarantees the professional Client against any claim by third parties alleged against the professional Client and concerning the elements, or information, provided by the Foundation to the professional Client .
Article 14 : responsabilities
Article 14 : responsabilities
The professional Client agrees that, whatever the basis of his claim, and the procedure followed to implement it, the possible liability of the Foundation for the performance of the obligations provided for in this contract will always be subject to arbitration.
The professional Client agrees that, whatever the basis of his claim, and the procedure followed to implement it, the possible liability of the Foundation for the performance of the obligations provided for in this contract will always be subject to arbitration.
In addition, the professional Client waives the right to seek the responsability of the Foundation in the event of damage to the files, or to any document he has entrusted to It.
In addition, the professional Client waives the right to seek the responsability of the Foundation in the event of damage to the files, or to any document he has entrusted to It.
The Foundation disclaims its liability for material damage that may affect the buildings, installations, equipment, furniture of the professional Client, excluding fraud.
The Foundation disclaims its liability for material damage that may affect the buildings, installations, equipment, furniture of the professional Client, excluding fraud.
The professional Client agrees that the Foundation will not incur any liability for any loss of profits, commercial disturbance, or demands that the professional Client may suffer, subject tothe guarantee set out in Article 13 above.
The professional Client agrees that the Foundation will not incur any liability for any loss of profits, commercial disturbance, or demands that the professional Client may suffer, subject tothe guarantee set out in Article 13 above.
Article 15 : penalties
Article 15 : penalties
Any breach of the firm deadlines that would be stipulated according to Article 7 above will give rise to the obligation for the Foundation to compensate the professional Client via arbitration.
Any breach of the firm deadlines that would be stipulated according to Article 7 above will give rise to the obligation for the Foundation to compensate the professional Client via arbitration.
Article 16 : termination-sanction
Article 16 : termination-sanction
Any serious breach by one of the Parties of the obligations it has in charge of will result, if the creditor of the obligation not performed, as it sees fit, the automatic termination of this contract, fifteen days after formal notice to execute by registered letter with acknowledgment of receipt remained without effect, without prejudice to any damages and interests.
Any serious breach by one of the Parties of the obligations it has in charge of will result, if the creditor of the obligation not performed, as it sees fit, the automatic termination of this contract, fifteen days after formal notice to execute by registered letter with acknowledgment of receipt remained without effect, without prejudice to any damages and interests.
Article 17 : termination through no fault
Article 17 : termination through no fault
This contract may be terminated at any time by each of the Parties, but with extinction of the only commitments not yet performed.
This contract may be terminated at any time by each of the Parties, but with extinction of the only commitments not yet performed.
Article 18 : subcontracting
Article 18 : subcontracting
The Foundation may subcontract the performance of ancillary tasks to third parties who have better know-how, which the professional Client acknowledges and accepts.
The Foundation may subcontract the performance of ancillary tasks to third parties who have better know-how, which the professional Client acknowledges and accepts.
Article 19 : assignment of contract
Article 19 : assignment of contract
This contract is concluded in consideration of the person of the Foundation who may only assign it to a third party with the agreement of the professional Client.
This contract is concluded in consideration of the person of the Foundation who may only assign it to a third party with the agreement of the professional Client.
Article 20 : referencing
Article 20 : referencing
The professional Client accepts that the Foundation may include among its references the work carried out under this contract, withou any derogation from the Foundation's obligations in terms of confidentiality under Article 9.
The professional Client accepts that the Foundation may include among its references the work carried out under this contract, withou any derogation from the Foundation's obligations in terms of confidentiality under Article 9.
Article 21 : interpretation of the contract
Article 21 : interpretation of the contract
This contract contains all the commitments of the Parties, and correspondence, offers or proposals prior to the signing hereof, are considered null and void.
This contract contains all the commitments of the Parties, and correspondence, offers or proposals prior to the signing hereof, are considered null and void.
Article 22 : mediation
Article 22 : mediation
The Parties undertake to try to resolve amicably any dispute that may arise between Them, on the occasion of this contract.
The Parties undertake to try to resolve amicably any dispute that may arise between Them, on the occasion of this contract.
Article 23 : jurisdiction
Article 23 : jurisdiction
Any dispute that may arise between the Parties, concerning the formation, execution, or interpretation of this contract, will be the exclusive jurisdiction of the court of Liège.
Any dispute that may arise between the Parties, concerning the formation, execution, or interpretation of this contract, will be the exclusive jurisdiction of the court of Liège.
Article 24 : arbitrage
Article 24 : arbitrage
Any dispute that may arise between the Parties, as to the formation, execution, or on the occasion of this contract, will first be submitted, on the initiative of the most diligent Party, to an arbitral tribunal composed of three persons. To this end, each Party shall appoint its own arbitrator. The one who will take the initiative of the procedure informing the other Party by registered letter with acknowledgment of receipt of the name of the arbitrator chosen; the other Party informing the first Party, within fifteen days of receipt of the letter, in the same form, of the name of the second arbitrator chosen. In the event of failure to appoint the second arbitrator, within the above-mentioned period, the Party which has taken the initiative of the arbitration shall request the appointment of the president of the court of Liège, ruling on simple request. The two arbitrators appointed within fifteen days of their joint referral will agree on the appointment of the third. In the absence of an agreement between the two arbitrators, the third shall be appointed by order of the president of the aforementioned court, at the request of the most diligent Party. The arbitral panel will decide, on appeal, in accordance with the provisions of the code of civil procedure.
Any dispute that may arise between the Parties, as to the formation, execution, or on the occasion of this contract, will first be submitted, on the initiative of the most diligent Party, to an arbitral tribunal composed of three persons. To this end, each Party shall appoint its own arbitrator. The one who will take the initiative of the procedure informing the other Party by registered letter with acknowledgment of receipt of the name of the arbitrator chosen; the other Party informing the first Party, within fifteen days of receipt of the letter, in the same form, of the name of the second arbitrator chosen. In the event of failure to appoint the second arbitrator, within the above-mentioned period, the Party which has taken the initiative of the arbitration shall request the appointment of the president of the court of Liège, ruling on simple request. The two arbitrators appointed within fifteen days of their joint referral will agree on the appointment of the third. In the absence of an agreement between the two arbitrators, the third shall be appointed by order of the president of the aforementioned court, at the request of the most diligent Party. The arbitral panel will decide, on appeal, in accordance with the provisions of the code of civil procedure.
Made on ………………., in duplicate,
Made on ………………., in duplicate,
The professional Client :
The professional Client :
The Foundation :
The Foundation :