Advantages and Disadvantages Clause Samples

The 'Advantages and Disadvantages' clause outlines the positive and negative aspects associated with a particular agreement, product, or service. It typically lists the benefits, such as cost savings or increased efficiency, alongside potential drawbacks like higher risk or additional obligations. By clearly presenting both sides, this clause helps parties make informed decisions and ensures transparency about what to expect, thereby reducing misunderstandings and managing expectations.
Advantages and Disadvantages. One reason for why corporations decide not to use an APA is that while the APA submission serves to determine the arm’s length remuneration for specific transactions, in practice the Dutch tax authority might try to resolve audit issues which are not directly related to the APA submission simultaneously and leverage the final agreement. Netherlands competitive position and its image as a favorable jurisdiction for international business can be greatly enhanced by a tax authority which politely, competently and appropriately determines in an APA whether the corporation has operated at arm’s length principle within the existing legal framework as declared in article 8b of the Corporate Income Tax Act (▇▇▇▇▇▇, 2002). The APA process in the Netherlands is well established and accessible to all corporations. There are approximately 230 to 280 of APA applications every year and the average duration of the APA process is 54 days (▇▇▇▇▇ and ▇▇▇▇▇, 2009).
View Source
Advantages and Disadvantages. The game can motivate students (▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇, 2014), because ▇▇▇▇▇▇▇ and ▇▇▇▇▇ (2009) found that games, like Connect Four, can ▇▇▇▇▇▇ student interest. They also found that the game can be used across multiple courses and promotes reflective thinking, meaning that students can solve a problem that has many solutions instead of just one. It also makes students think more critical in terms of being ‘ethical’ and ‘professional’. A disadvantage of this method is that the number of participants should be limited in order to let them all participate. In large classes, this can be solved by playing the same game in different groups at the same time.
View Source
Advantages and Disadvantages. The use of tools like Excel and Word has the advantage of them not being too complicated to use and being widely available. (▇▇▇▇▇▇, 2005) The excel version had the advantage that it was easier to keep up with the scores. The assessment part of the game made it possible for the instructor to see where additional attention was needed in the material. The advantage for the students is being able to determine where they are at with their knowledge of the material prior to an exam. Another advantage is that there is only one version of the game needed, which can save preparation time for the instructor. The Excel version is also easier to alter during the class.
View Source
Advantages and Disadvantages. The advantages and disadvantages of using SLA depend not only on general conditions but also on conditions that are specific for each company. We shall describe few of them in order to make SLA decision process easier. Major benefits of SLA are clear definitions of [▇▇▇▇▇▇▇, ▇▇. 133-134]: (1) accountabilities and responsibilities of IT unit and its users; (2) performance standards for IT unit and (3) user requirements and expectations. SLA makes basis for objective evaluation, transparent processing and control, as well as IT unit auditing. Another advantage of SLA is controllability. It makes basis for independent evaluation and audit. Auditing SLA is important for IT governance audit [ISACA-AG6]. When reviewing Board activities, IS auditor should consider whether minutes from Board meetings and Board committee meetings include monitoring of performance against service level agreements. IS auditor should also review the information received by business process owners (such as reports on performance against agreed service levels) and assess its reliability, integrity and potential for management override. SLA makes IT audit easier. The benefits of internal SLA can be of great importance for IT units with low credibility. SLA is also a communication tool. In time, the customer perception of the delivered IT service should improve and credibility should increase. On the other hand, IT specialists’ understanding of what is expected of them should improve as well. SLA defines common language for problem resolution. SLA is a two-way process which formalizes relationships between IT unit and its users, making it transparent and controllable. However, there are some disadvantages of SLA. There might be companies where informal agreement can be as effective and efficient as SLA, since the informal nature of organizations can be very powerful [▇▇▇▇, pg. 497]. In this type of companies, SLA would not get sufficient support from management. But, for smaller companies SLA might really not be necessary, since control is easily maintained through informal process. Another disadvantage of SLA is that it can be costly to negotiate and maintain [▇▇▇▇▇▇▇, ▇▇. 476]. Therefore, some companies made decision to define only service level objectives (SLO) instead of SLA. Some SLA management tools (for example internet SLA tools) automatically measure performance level and produce SLA compliance reports for business and IT management, as well as reports. Even though SLA is closely...
View Source
Advantages and Disadvantages. We understand that there are advantages as well as disadvantages to the Collaborative Law Process. i. Among the disadvantages of the Process are that (a) if the Process breaks down and litigation ensues, we will likely incur additional expense because of the need to hire new counsel; (b) by agreeing not to go to court, we cannot use formal discovery procedures and therefore must trust in each other’s good faith in exchanging pertinent documents and information; and (c) without the ability to use the authority of the court to prevent the transfer or dissipation of marital assets, we must trust in each other’s compliance with this Agreement regarding those assets. ii. Among the advantages of the Process are that (a) our privacy will be protected; (b) we will be represented by counsel throughout the Process; (c) we will not the use the threat of litigation as a way to force settlement; and (d) we will be supported by a coach and other neutral professionals, as needed.
View Source
Advantages and Disadvantages. The game that ▇▇▇▇ et al. (2001) designed makes it possible to include active learning in a structured lecture environment. The game also allows each student to participate in an equal way. Other advantages are: it facilitates the understanding of the students their material; can be used in large classes; the opportunity to follow-up discussions afterwards; stimulates students to think on their own cultural choices; the game can be used for different topics in the same subject and in various ways; can be used for a wide range of group sizes (groups of 100-350 students or smaller groups of 15-100 students). The downside of this method is the potential lack of control that an instructor could face because of the variance in the potential issues that students might raise. The disadvantages of the potential discussion afterwards can situate itself in the form of non-response, selective response, anonymity or truth telling.
View Source
Advantages and Disadvantages 
View SourceView Similar (2)

Related to Advantages and Disadvantages

  • Permitted Use and Disclosures Each Party hereto may use or disclose Confidential Information disclosed to it by the other Party to the extent such information is included in the Pharmacopeia Technology, Schering Technology or Collaboration Technology, as the case may be, and to the extent (i) such use or disclosure is reasonably necessary and permitted in the exercise of the rights granted hereunder in filing or prosecuting patent applications, prosecuting or defending litigation, (ii) such disclosure is reasonably required to be made to any institutional review board of any entity conducting clinical trials with Agreement Compound(s) and/or Agreement Product(s), or to any governmental or other regulatory agency, in order to gain approval to conduct clinical trials or to market Agreement Compound(s) and/or Agreement Products, (iii) such disclosure is required by law, regulation, rule, act or order of any governmental authority, court, or agency, or is made in connection with submitting required information to tax or other governmental authorities, or (iv) such disclosure or use is reasonably required in conducting clinical trials, or making a permitted sublicense or otherwise exercising license rights expressly granted to it by the other Party pursuant to the terms of this Agreement; in each case, provided that if a Party is required to make any such disclosure of another Party’s Confidential Information, other than pursuant to a confidentiality agreement, it will give reasonable advance notice to the other Party of such disclosure and, save to the extent inappropriate in the case of patent applications, will use its reasonable diligent efforts to secure confidential treatment of such Confidential Information in consultation with the other Party prior to its disclosure (whether through protective orders or otherwise) and disclose only the minimum necessary to comply with such requirements.

  • Permitted Uses and Disclosures i. Business Associate shall use and disclose PHI only to accomplish Business Associate’s obligations under the Contract. i. To the extent Business Associate carries out one or more of Covered Entity’s obligations under Subpart E of 45 C.F.R. Part 164, Business Associate shall comply with any and all requirements of Subpart E that apply to Covered Entity in the performance of such obligation. ii. Business Associate may disclose PHI to carry out the legal responsibilities of Business Associate, provided, that the disclosure is Required by Law or Business Associate obtains reasonable assurances from the person to whom the information is disclosed that: A. the information will remain confidential and will be used or disclosed only as Required by Law or for the purpose for which Business Associate originally disclosed the information to that person, and; B. the person notifies Business Associate of any Breach involving PHI of which it is aware. iii. Business Associate may provide Data Aggregation services relating to the Health Care Operations of Covered Entity. Business Associate may de-identify any or all PHI created or received by Business Associate under this Agreement, provided the de-identification conforms to the requirements of the HIPAA Rules.

  • Permitted Uses and Disclosures of PHI and the third party notifies the Business Associate of any instances of which it is aware in which the confidentiality of the information has been breached.

  • DISCIPLINE AND DISMISSAL 27.01 The Employer may discipline, suspend or dismiss an employee for just cause only, except for the dismissal of a probationary Employee. Unsatisfactory conduct or performance by an Employee which is considered by the Employer to be serious enough to be entered on the Employee's record but not serious enough to warrant suspension or dismissal shall result in a written warning to the Employee and a copy to the Union within fifteen (15) days of the date the Employer first became aware of, or reasonably should have become aware of the occurrence of the act. The Union shall not deny a request by the Employer to extend the timelines due to availability of persons identified by the Employer to be interviewed. A written warning that is grieved and determined to be unjustified shall be removed from the Employee's record. 27.02 In the event an Employee is suspended or dismissed, the Employer shall provide written reasons for the suspension or dismissal to the Employee and the Union forthwith and in any event not later than five (5) days of the action being taken. The action or suspension or dismissal shall be within fifteen (15) days of the date the Employer first became aware of, or reasonably should have become aware of the occurrence of the act, giving rise to the suspension or dismissal. The Union shall not deny a request by the Employer to extend the timelines due to unavailability of persons identified by the Employer to be interviewed. When action involves a suspension, the notice shall specify the time period of the suspension. 27.03 An Employee who has been subject to disciplinary action may after two (2) years of continuous service from the date the disciplinary measure was invoked, request in writing that their personnel file be cleared of any record of the disciplinary action. Such request shall be granted provided the Employee's file does not contain any further record of disciplinary action during the two (2) year period of which the Employee is aware. The Employer shall confirm in writing to the Employee that such action has been effected. 27.04 The procedures stated in Articles 27.01, 27.02 and 27.03 do not prevent immediate suspension or dismissal for just cause. (a) An Employee required by the Employer to attend an investigation meeting or a disciplinary discussion shall be paid at the applicable rate of pay for time spent in that meeting. (b) Where circumstances permit, the Employer shall schedule a disciplinary discussion with the Employee by giving reasonable advance notice which shall not be less than twenty-four (24) hours. At such discussion an Employee may be accompanied by a representative of the Union. 27.06 In the event that an Employee is reported to their licensing body by the Employer, the Employee shall be so advised, and unless otherwise requested a written copy shall be forwarded to the Union forthwith. In the event, an Employee is reported to their licensing body, by someone other than the Employer, the Employee shall advise the Employer of such and the Employee may copy the Union on such notification. 27.07 An Employee absent for three (3) consecutive work days without good and proper reason and without notifying the Employer shall be considered to have terminated their Employment with the Employer. 27.08 For the purposes of this Article, periods of time referred to in days shall be deemed to mean consecutive calendar days exclusive of Saturdays, Sundays and Named Holidays, which are specified in Article 19.

  • Rights and discretions (a) The Agent may rely on: (i) any representation, notice or document (including, without limitation, any notice given by a Lender pursuant to paragraph (b) or paragraph (c) of Clause 28.2 (Disenfranchisement on Debt Purchase Transactions entered into by Investor Affiliates)) believed by it to be genuine, correct and appropriately authorised; and (ii) any statement made by a director, authorised signatory or employee of any person regarding any matters which may reasonably be assumed to be within his knowledge or within his power to verify. (b) The Agent may assume (unless it has received notice to the contrary in its capacity as agent for the Lenders) that: (i) no Default has occurred (unless it has actual knowledge of a Default arising under Clause 26.1 (Non-payment)); (ii) any right, power, authority or discretion vested in any Party or the Majority Lenders has not been exercised; (iii) any notice or request made by the Company (other than a Utilisation Request) is made on behalf of and with the consent and knowledge of all the Obligors; and (iv) no Notifiable Debt Purchase Transaction: (A) has been entered into; (B) has been terminated; or (C) has ceased to be with an Investor Affiliate. (c) The Agent may engage, pay for and rely on the advice or services of any lawyers, accountants, surveyors or other experts. (d) The Agent may act in relation to the Finance Documents through its personnel and agents. (e) The Agent may disclose to any other Party any information it reasonably believes it has received as agent under this Agreement. (f) Without prejudice to the generality of paragraph (e) above, the Agent may disclose the identity of a Defaulting Lender to the other Finance Parties and the Company and shall disclose the same upon the written request of the Company or the Majority Lenders. (g) Notwithstanding any other provision of any Finance Document to the contrary, none of the Agent or the Arranger is obliged to do or omit to do anything if it would or might in its reasonable opinion constitute a breach of any law or regulation or a breach of a fiduciary duty or duty of confidentiality. (h) The Agent is not obliged to disclose to any Finance Party any details of the rate notified to the Agent by any Lender or Base Reference Bank or the identity of any such Lender or Base Reference Bank for the purpose of Clause 14.2(a)(ii) (Market Disruption).