OPEN AND TRANSPARENT VALUATION Clause Samples
The Open and Transparent Valuation clause establishes that the process of determining the value of an asset, property, or business interest will be conducted in a manner that is clear, accessible, and free from hidden methods or undisclosed assumptions. Typically, this involves sharing all relevant valuation data, methodologies, and calculations with the parties involved, and may require the use of independent third-party valuers or open communication channels for review and discussion. The core purpose of this clause is to ensure fairness and build trust between parties by preventing disputes that could arise from secretive or biased valuation practices.
OPEN AND TRANSPARENT VALUATION. The parties intend this valuation to be undertaken in an open and transparent manner, and for all dealings and discussions to be undertaken in good faith. In particular, you must:
OPEN AND TRANSPARENT VALUATION. The governance entity and the land holding agency intend this valuation to be undertaken in an open and transparent manner, and for all dealings and discussions to be undertaken in good faith. In particular, you must copy any questions you have or receive with regard to the property, together with the responses, to the governance entity and the land holding agency. ( NGATI KUIA TE WHAKATAU I DEED OF SETTLEMENT PROPERTY REDRESS SCHEDULE NGATI KUIA TE WHAKATAU I DEED OF SETTLEMENT PROPERTY REDRESS SCHEDULE
OPEN AND TRANSPARENT VALUATION. The parties intend this valuation to be undertaken in an open and transparent manner, and for all dealings and discussions to be undertaken in good faith. In particular, you must copy any questions you have or receive with regard to the valuation, together with the responses, to the governance entity and the land holding agency. Yours faithfully [Name of signatory] [Position] [Governance entity] [Name of signatory] [Position] [Land holding agency] [Note: These instructions may be modified to apply to more than one separate valuation property. ] [Valuer’s name] [Address] INTRODUCTION [Name] (the governance entity) has the right under a deed of settlement to purchase properties from [name] (the land holding agency). This right is given by part 4 of the property redress schedule to the deed of settlement (part 4). The governance entity has given the land holding agency a valuation notice for – [describe the property including its legal description] A copy of the deed of settlement is enclosed and your attention is drawn to part 4. All references in this letter to subparts or paragraphs are to subparts or paragraphs of part 4. A term defined in the deed of settlement has the same meaning when used in these instructions. The property is a separate valuation property for the purposes of part 4. Subpart C of part 4 applies to the valuation of separate valuation properties.
OPEN AND TRANSPARENT VALUATION. The parties intend this valuation to be undertaken in an open and transparent manner, and for all dealings and discussions to be undertaken in good faith. In particular, you must copy any questions you have or receive with regard to the valuation, together with the responses, to the governance entity and the land holding agency. Yours faithfully [Name of signatory] [Position] [Governance entity/Land holding agency][delete one]