Interpretive Differences Sample Clauses

The "Interpretive Differences" clause defines how disagreements over the meaning or interpretation of contract terms are to be resolved. Typically, this clause will specify a method for resolving ambiguities, such as prioritizing one party's interpretation, referring to the contract's plain language, or using external standards like industry norms. Its core function is to provide a clear mechanism for addressing and settling interpretive disputes, thereby reducing the risk of prolonged disagreements and ensuring smoother contract administration.