Voluntary Compliance Clause Samples
The Voluntary Compliance clause establishes that parties agree to fulfill certain obligations or adhere to specific standards without being compelled by external enforcement or legal mandate. In practice, this means that compliance is based on the parties' own initiative, such as following industry guidelines or internal policies, rather than waiting for regulatory authorities to intervene. This clause is primarily used to encourage proactive behavior, foster trust, and demonstrate good faith, thereby reducing the likelihood of disputes or regulatory action.
POPULAR SAMPLE Copied 1 times
Voluntary Compliance. Consequential Damages for Gross Negligence or Willful Misconduct.
Voluntary Compliance. In connection with breaches of this Agreement for which a Member is liable to the Sector or other Sector Members for liquidated damages, the Sector shall provide the breaching Member fifteen (15) days prior notice of its intent to exercise its rights of collection, during which period the Member may propose an alternative method of compensating the Sector and other Sector Members for the damages suffered as the result of such Member’s breach. The Enforcement Committee may approve or disapprove any alternative form of compensation in its sole discretion, provided that if the breach at issue is an overharvest of a Member’s Harvest Share, there shall be no liquidated damages imposed if the Member in breach obtains sufficient Harvest Share from other Members to offset the overharvest, and tenders conclusive evidence to that effect to the Enforcement Committee. Such Member shall nevertheless remain liable for the costs and fees incurred by the Sector in connection with the alleged breach, and the Sector shall be entitled to collect such costs and fees if such Member fails to pay the same within ten (10) days of receiving the Sector’s demand for payment.
Voluntary Compliance. In connection with breaches of this Agreement for 11 which a Member is liable to the Sector or other Sector Members for liquidated damages, the Sector shall 12 provide the breaching Member fifteen (15) days prior notice of its intent to exercise its rights of 13 collection, during which period the Member may propose an alternative method of compensating the 14 Sector and other Sector Members for the damages suffered as the result of such Member’s breach. The 15 Enforcement Committee may approve or disapprove any alternative form of compensation in its sole 16 discretion, provided that if the breach at issue is an overharvest of a Member’s Harvest Share, there 17 shall be no liquidated damages imposed if the Member in breach obtains sufficient Harvest Share from 18 other Members to offset the overharvest, and tenders conclusive evidence to that effect to the 19 Enforcement Committee. Such Member shall nevertheless remain liable for the costs and fees incurred 20 by the Sector in connection with the alleged breach, and the Sector shall be entitled to collect such costs 21 and fees if such Member fails to pay the same within ten (10) days of receiving the Sector’s demand for 22 payment.
Voluntary Compliance. FTA encourages any Recipient that is not required to provide information for the NTD, to provide that information voluntarily.
Voluntary Compliance. 11 10.10 Liquidated Damages Collection and Related Expenses. NA
Voluntary Compliance. The Purchaser understands and agrees that the Company is not obligated to comply with any U.S. anti-money laundering requirements, but may choose to voluntarily comply with any or all of such requirements in the sole discretion of the Company and the Sponsoring Parties.
Voluntary Compliance. In connection with breaches of this Agreement for 2 which a Member is liable to the Sector or other Sector Members for liquidated damages, the Sector shall 3 provide the breaching Member fifteen (15) days prior notice of its intent to exercise its rights of 4 collection, during which period the Member may propose an alternative method of compensating the 5 Sector and other Sector Members for the damages suffered as the result of such Member’s breach. The 6 Enforcement Committee may approve or disapprove any alternative form of compensation in its sole 7 discretion, provided that if the breach at issue is an overharvest of a Member’s Harvest Share, there 8 shall be no liquidated damages imposed if the Member in breach obtains sufficient Harvest Share from 12 and fees if such Member fails to pay the same within ten (10) days of receiving the Sector’s demand for 13 payment.
Voluntary Compliance. The Purchaser understands and agrees that the Token Issuer is not obligated to comply with any U.S. anti-money laundering requirements, but may choose to voluntarily comply with any or all of such requirements in the sole discretion of the Token Issuer and the Sponsoring Parties.
Voluntary Compliance. In connection with breaches of this agreement for which a member is 47 liable to the sector or other sector members for liquidated damages, the sector shall provide the
Voluntary Compliance. The Parties agree that in the event all or any part of this Agreement is struck down by judicial proceeding or preempted by legislative action, the Parties shall continue to honor the terms and conditions of this Agreement to the extent allowed by law.