Mutual trust and cooperation Sample Clauses

The "Mutual trust and cooperation" clause establishes an obligation for both parties to act honestly and collaboratively throughout the duration of their agreement. In practice, this means each party is expected to communicate openly, share relevant information, and work together to resolve issues or achieve shared objectives. By fostering a spirit of partnership, this clause helps prevent misunderstandings and disputes, ensuring smoother project execution and a more positive working relationship.
POPULAR SAMPLE Copied 1 times
Mutual trust and cooperation. (a) Each Authority shall at all times cooperate fully and be open and trusting in its dealings with each other Authority to achieve the most practical and economically advantageous methods of working together for the successful management of the Joint Contract in accordance with the terms of this Agreement. (b) While respecting the mutual need for commercial confidentiality, each Authority undertakes to be transparent in its dealings with each other Authority and, without prejudice to the foregoing, each Authority undertakes to respect matters of confidentiality and potential sensitivity.
View SourceView Similar (3)
Mutual trust and cooperation a) Each Council shall at all times cooperate fully and be open and trusting in its dealings with each other Council to achieve the most practical and economically advantageous methods of working together for the successful delivery of the Project in accordance with the Project Milestones. b) While respecting the mutual need for commercial confidentiality, each Council undertakes to be transparent in its dealings with each other Council and, without prejudice to the foregoing, each Council undertakes to respect matters of confidentiality and political sensitivity.
View Source

Related to Mutual trust and cooperation

  • Access and Cooperation Each Party will, and will cause its Other Indemnified Persons to, cooperate and assist in all reasonable respects regarding such Third Party Claim, including by promptly making available to such other Party (and its legal counsel and other professional advisers with a reasonable need to know) all books and records of such Person relating to such Third Party Claim, subject to reasonable confidentiality precautions.

  • Mutual Cooperation In any contest of a tax or fee by one Party, the other Party shall cooperate fully by providing records, testimony and such additional information or assistance as may reasonably be necessary to pursue the contest. Further, the other Party shall be reimbursed for any reasonable and necessary out- of-pocket copying and travel expenses incurred in assisting in such contest.

  • General Cooperation The Parties shall each cooperate fully (and each shall cause its respective Subsidiaries to cooperate fully) with all reasonable requests in writing from another Party hereto, or from an agent, representative or advisor to such Party, in connection with the preparation and filing of Tax Returns, claims for Refunds, Tax Proceedings, and calculations of amounts required to be paid pursuant to this Agreement, in each case, related or attributable to or arising in connection with Taxes of any of the Parties (including matters related to a Party’s qualification as a “real estate investment trust” under the Code) or their respective Subsidiaries covered by this Agreement and the establishment of any reserve required in connection with any financial reporting (a “Tax Matter”). Such cooperation shall include the provision of any information reasonably necessary or helpful in connection with a Tax Matter and shall include, without limitation, at each Party’s own cost: (a) the provision of any Tax Returns of the Parties and their respective Subsidiaries, books, records (including information regarding ownership and Tax basis of property), documentation and other information relating to such Tax Returns, including accompanying schedules, related work papers, and documents relating to rulings or other determinations by Taxing Authorities; (b) the execution of any document (including any power of attorney) in connection with any Tax Proceedings of any of the Parties or their respective Subsidiaries, or the filing of a Tax Return or a Refund claim of the Parties or any of their respective Subsidiaries; (c) the use of the Party’s reasonable best efforts to obtain any documentation in connection with a Tax Matter; and (d) the use of the Party’s reasonable best efforts to obtain any Tax Returns (including accompanying schedules, related work papers, and documents), documents, books, records or other information in connection with the filing of any Tax Returns of any of the Parties or their Subsidiaries. Each Party shall make its employees, advisors, and facilities available, without charge, on a reasonable and mutually convenient basis in connection with the foregoing matters.

  • Information/Cooperation Executive shall, upon reasonable notice, furnish such information and assistance to the Bank as may be reasonably required by the Bank, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; provided, however, that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank or any other subsidiaries or affiliates.

  • Industrial cooperation 1. The Parties agree that industrial cooperation shall promote the modernisation and restructuring of Andean industry and individual sectors, as well as industrial cooperation between economic operators, with the objective of strengthening the private sector under conditions that ensure that the environment is protected. 2. Industrial cooperation initiatives shall reflect the priorities determined by both Parties. They shall take into account the regional aspects of industrial development, promoting trans-national partnerships where relevant. Initiatives shall seek in particular to establish a suitable framework for improving management know-how and promoting transparency as regards markets and conditions for business undertakings.