Minimal Business Impact Clause Samples
The Minimal Business Impact clause is designed to ensure that any disruptions or issues arising from the agreement have the least possible negative effect on the normal operations of the parties involved. In practice, this clause may require parties to implement contingency plans, maintain backup systems, or promptly notify each other of potential problems to minimize operational downtime. Its core function is to protect business continuity and reduce the risk of significant operational or financial harm resulting from unforeseen events or contractual breaches.
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Minimal Business Impact. A secondary partial function of the software is impaired. The impairment does not restrict utilisation or functionality on clients’ systems. The reaction times are: Severity 1 – Critical Business Impact as a rule within 8 hours Severity 2 – Significant Business Impact as a rule within 24 hours Severity 3 – Some Business Impact as a rule within 3 working days Severity 4 – Minimal Business Impact as a rule within 5 working days Classification of a problem and/or fault into one of the classes is done by the Support at GBS. The registered resellers immediately notify GBS of faults and/or problem events experienced by end clients.
Minimal Business Impact. Customer submits a Software information request, software enhancement or documentation clarification which has no operational impact. The implementation or use of the Software by the Customer is continuing and there is no negative impact on productivity. Revcord will provide an initial response regarding the request within one (1) business week.
Minimal Business Impact. Licensee requests information or documentation clarification regarding the Software, but there is no impact on the operation of the Software. NS8 will provide an initial response regarding the requested information or documentation clarification within forty-eight (48) hours of notification.
8. PHYSICAL MATERIALS
Minimal Business Impact. Product features are unavailable but a workaround exists and the majority of software functions are still useable. Minor function/feature failure that the customer can easily circumvent or avoid. Customer's work has minor loss of operational functionality. Severity Level 3 problems could have the following characteristics: Error message with workaround Minimal performance degradation Incorrect product behavior with minor impact Questions on product functionality or configuration during implementation Within 1 Business Day