Joint arrangements Sample Clauses
The 'Joint arrangements' clause defines how two or more parties collaborate to undertake a specific project or business activity, sharing control and responsibilities. In practice, this clause outlines the structure of the joint arrangement, such as whether it is a joint venture or a joint operation, and specifies each party's rights, obligations, and contributions. Its core function is to ensure that all parties clearly understand their roles and liabilities, thereby preventing disputes and facilitating effective cooperation.
Joint arrangements. (a) The Council may establish joint arrangements with one or more local authorities and/or their executives to exercise functions which are not executive functions in any of the participating authorities. Such arrangements may involve the appointment of a joint committee with these other local authorities.
(b) The Executive may establish joint arrangements with one or more local authorities to exercise functions which are executive functions. Such arrangements may involve the appointment of joint committees with these other local authorities.
(c) The Executive may appoint only Executive members to a joint committee under paragraph (b) above, and those members need not reflect the political composition of the local authority as a whole.
(d) Details of any joint arrangements including any delegations to joint committees will be found in the Council’s scheme of delegations in Part 3 of this Constitution.
Joint arrangements. The Local Government Act 2000 and regulations enable local authorities to make use of joint arrangements with other authorities and delegate to other local authorities.10
Joint arrangements. As a result of the adoption of AASB 11 Joint Arrangements, the Group has changed its accounting policy for its interests in joint arrangements. The Group has classified its interests in joint arrangements as either joint operations or joint ventures taking into consideration the structure of the arrangement. Joint operations give the venturers a right to the underlying assets and obligations of the venture and are accounted for by recognising the Group’s share of those assets and obligations. Joint ventures give the venturers a right to the net assets of the venture and are accounted for using the equity method. The adoption of AASB 11 had no impact on the financial position or the consolidated financial statements of the Group.
Joint arrangements. It is acknowledged that this agreement would be supported by funders working together during subsequent years to develop shared funding arrangements, such as funding agreements and inflation. As this will require time and resources a phased development is realistic. A Statement of Local Arrangements will be agreed following CVS/VB* performance reviews and funding rounds.
Joint arrangements. AFAR: Joint Arrangements by Mskem’s Accounting Corner 2 months ago 52 minutes 1,159 views Hey! Here is the link of the PWC Practical Guide for PFRS ...
Joint arrangements. 1. The Parties agreed that the reservation period, during which Party 2 undertakes under the terms of this agreement, to reserve a train for its possible sale to Party 1 begins on the day of payment of the reservation fee by Party 1 to the account of Party 2 and terminates on the day:
a) expiration of the deadline for submitting bids in the event that Party 2 does not submit a bid for the sale of the train within the specified deadline in accordance with the published call
b) the date of publication of the results of the public procurement in the event that the bid of Party 2 was not evaluated as winning
c) the date of entry into force and effect of the purchase agreement in the event that the bid of Party 2 was evaluated as winning
2. The contracting parties have agreed that, in the event that Party 2 is evaluated as the winning bidder and concludes a purchase agreement with Party 1, the paid reservation fee of € 30,000 will be returned to Party 1 within 7 days of signing the agreement.
Joint arrangements. IFRS 11 focuses on the rights and obligations of an arrangement rather than its legal form, as is currently the case. The standard distinguishes between joint operations, where the joint operator accounts for the assets, liabilities, revenues, and expenses relating to its involvement, and joint ventures, which must be accounted for using the equity method.
Joint arrangements. The Vendor is not, in relation to the Business :
(a) party to any agreement under which it is or will be bound to share the profits of the Business, pay any royalties relating to the Business or waive or abandon any rights;
(b) a member of any joint venture, partnership or unincorporated association; or
(c) does not conduct and has not conducted any part of the Business through a branch, agency or permanent establishment outside Malaysia
Joint arrangements. (a) The Council may establish joint arrangements with one or more local authorities to exercise functions which are non-executive functions.
(b) The Council may arrange for the discharge of non-executive functions by another authority or the executive of another authority.
(c) The Mayor may establish joint arrangements with one or more authorities or their executives to exercise executive functions.
(d) The Mayor may arrange for the discharge of executive functions by another authority or the executive of another authority.
(e) All joint arrangements or decisions relating to the exercise of functions by one authority on behalf of another will be taken in accordance with the Local Authorities (Arrangements for the Discharge of Functions) (England) Regulations 2012 or other relevant legislation in force from time to time.
Joint arrangements. The Local Government Act 2000 and regulations enable local authorities to make use of joint arrangements with other authorities and delegate to other local authorities.12
11.01 Arrangements to promote well being
(a) enter into arrangements or agreements with any person or body;
(b) co-operate with, or facilitate or co-ordinate the activities of, any person or body; and
(c) exercise on behalf of that person or body any functions of that person or body.