Industry Standard Practices Clause Samples

The 'Industry Standard Practices' clause defines the expectation that parties will perform their obligations in accordance with the generally accepted methods and standards commonly used within the relevant industry. In practice, this means that services, products, or conduct must meet the quality and diligence typically observed among reputable businesses in the same field, such as adhering to safety protocols or using materials of a standard quality. This clause ensures that both parties have a clear, objective benchmark for performance, reducing ambiguity and helping to resolve disputes over what constitutes acceptable conduct or quality under the agreement.
Industry Standard Practices. The origination and collection practices relating to the Mortgage used by the PFI, and in the case of any Acquired Mortgage, all prior servicers and holders of such Mortgage, have been legal, proper, prudent and customary in origination and servicing of residential first mortgage loans.
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Industry Standard Practices. All mining, exploration and development activities on the properties of the Company have been conducted in all respects in accordance with good mining and engineering practices and all applicable material workers’ compensation and health and safety and workplace laws, regulations and policies have been complied with;
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Industry Standard Practices. All mining, exploration and development activities conducted by the Corporation or the Miata Subsidiaries on the Material Properties of the Corporation and the Miata Subsidiaries have been conducted in all material respects in accordance with good mining and engineering practices and all applicable material workers’ compensation and health and safety and workplace laws, regulations and policies have been complied with;
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Related to Industry Standard Practices

  • STANDARD PRACTICES 47.1 Standard Practices may incorporate by reference various industry, OBF, and other standards referred to throughout this Agreement, which may be implemented to satisfy any CenturyLink obligations under this Agreement. 47.2 If CLEC desires notice of changes made to CenturyLink’s Standard Practices, CLEC may make such a request during the Agreement implementation process or at any subsequent time during the term of this Agreement.

  • Policies and Practices The employment relationship between the Parties shall be governed by this Agreement and the policies and practices established by the Company and the Board of Directors (hereinafter referred to as the “Board”). In the event that the terms of this Agreement differ from or are in conflict with the Company’s policies or practices or the Company’s Employee Handbook, this Agreement shall control.

  • Data Practices Supplier and Sourcewell acknowledge Sourcewell is subject to the Minnesota Government Data Practices Act, Minnesota Statutes Chapter 13. As it applies to all data created and maintained in performance of this Agreement, Supplier may be subject to the requirements of this chapter.

  • Good Industry Practice all applicable Standards; and

  • Best Practices The Recipient acknowledges they may or may not have access to the Owner’s Confidential Information and agrees that it shall not directly or indirectly divulge, disclose, or communicate any of the Confidential Information to any third party, except as may be required during any formal business association or dealings on behalf of the Owner for any event, with the prior written approval of the Owner. The Recipient acknowledges that no license of the Confidential Information, by implication or otherwise, is granted to the Recipient by reason of this Agreement. Additionally, the Recipient acknowledges that it may only use the Confidential Information in connection with its business dealings with the Owner and for no other purpose without the prior written consent of the Owner.