Common use of Industry Practice Clause in Contracts

Industry Practice. Standards and customs in the industries in which the companies do business will often determine record retention policies. These standards and customs, coupled with accrued experience within the companies, often provide a basis for decisions made concerning the relative utility of competing policies.

Appears in 4 contracts

Sources: Distribution Agreement (Bei Technologies Inc), Technology Transfer and Distribution Agreement (Opticnet Inc), Distribution Agreement (Bei Electronics Inc)