Referrals and Budgets Clause Samples

The 'Referrals and Budgets' clause defines how referrals are managed and how associated budgets are allocated or tracked within an agreement. Typically, this clause outlines the process for one party to refer clients or business opportunities to another, and specifies how financial limits or spending caps are set for such referrals. For example, it may detail how much can be spent on referred projects or how referral fees are calculated and paid. The core function of this clause is to ensure transparency and control over referral activities and related expenditures, preventing misunderstandings and managing financial risk between the parties.
Referrals and Budgets i. Unless ofherwise agreed by fhe parties, FAFAA expects Outside Counsel to prepare and provide FAFAA's Legal Deparhnent wifh a brief written legal sh'ategy or case plan for all legal matters, as well as a budget for fhe handling of such matter, within the first fifteen (15) days following its referral to Outside Counsel. The case plan, when applicable, should include: a. An estimated budget of fhe legal fees and expenses fhat could potentially be incurred; b. A preliminary assessment of FAFAA's exposure and possible liability; c. A plan for fhe discovery process; d. Potential defenses for FAFAA, and the practicability and potential for early disposition of the case by reaching a favorable settlement wifh fhe ofher party. Outside Counsel should seek a dispositive resolution or early settlement, where possible, if such course of action is in fhe best interests of FAFAA; e. Written insh'uctions regarding who should be covered by any applicable litigation hold, and fhe type of data fhat should be preserved by fhe different areas of fhe FAFAA, Outside Counsel should be responsible for ensuring fhat litigation holds are diligently placed on potentially relevant documents and fhose potentially relevant employees are notified of fhese holds as soon as possible. Furthermore, Outside Counsel should make sure fhat fhe holds are periodically reiterated so fhat all potentially relevant employees are aware of and remember the holds, and all potentially relevant documents are included in fhe holds. ii. FAFAA may refer to Outside Counsel a particular matter which may require extended work or research or may seek fhe advice or assistance of Outside Counsel in special projects. In any such case, Outside Counsel shall prepare and provide FAFAA with an estimated budget of the legal fees and expenses that could potentially be incurred FAFAA for fhe handling of such matter. It is expected of Outside Counsel to reflect its best judgment as of fhe time fhe budget is prepared in order to avoid deviating from the estimated budget initially submitted. ▇▇ ▇▇▇ ▇▇▇▇▇ • ▇▇▇ ▇▇▇▇, PR ▇▇▇▇▇-▇▇▇▇ • Telephone (▇▇▇) ▇▇▇-▇▇▇▇ iii. Prior to undertaking any extended research on a particular matter, Outside Counsel should previously consult with FAFAA in order to get approval to proceed with the extended research project. FAFAA will not to pay for research of general or background nature and no legal research that requires more than four ✓
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Referrals and Budgets. 1. Unless otherwise agreed by the parties, FAFAA expects Consultant to prepare and provide FAFAA with a brief written plan for all rnatters, as well as a budget for the handling of such matter, within the first fifteen (15) days following its referral to Consultant. The plan, when applicable, should include an estirnated budget of the consulting fees and expenses that could potentially be incurred.
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Referrals and Budgets i. Unless otherwise agreed by the parties, FAFAA expects Consultant to prepare and provide FAFAA with a brief written plan for all matters, as well as a budget for the handling of such matter, within the first fifteen (15) days following its referral to Consultant. The plan, when applicable, should include an estimated budget of the consulting fees and expenses that could potentially be incurred. ii. FAFAA may refer to Consultant a particular matter which may require extended work or research or may seek the advice or assistance of Consultant in special projects. In any such case, Consultant shall prepare and provide FAFAA with an estimated budget of the consulting fees and expenses that could potentially be incurred in the handling of such matter. It is expected of Consultant to reflect its best judgment as of the time the budget is prepared in order to avoid deviating from the estimated budget initially submitted. iii. Prior to undertaking any extended work on a particular matter, Consultant should previously consult with FAFAA in order to get written approval to proceed with the extended work project. Consultant is expected to be familiar with the basic issue in the matter for which Consultant was retained. iv. Consultant shall provide FAFAA with monthly status reports of all pending matters (the "Monthly Status Reports"). The form of the Monthly Status Report shall be previously agreed upon by Consultant and FAFAA.
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Related to Referrals and Budgets

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.