Common use of Best Industry Practice Clause in Contracts

Best Industry Practice. includes, in relation to an obligation, undertaking, activity or a service, the exercise of the degree of skill, speed, care, diligence, judgment, prudence and foresight and the use of practices, controls, systems, technologies and processes, which would be expected from a skilled, experienced and market leading service provider that is an expert in performing the same or similar obligation, undertaking, activity or service and utilising and applying skilled resources with the requisite level of expertise;

Best Industry Practice. includes, in relation to an obligation, undertaking, activity or a service, includes the exercise of the degree of skill, speed, care, diligence, judgmentjudgement, prudence and foresight and the use of practices, controls, systems, technologies and processes, which would be expected from a skilled, experienced and market leading service provider that is an expert in performing the same or similar obligation, undertaking, activity or service and utilising obligations and applying skilled resources with the requisite level of expertise;

Best Industry Practice. includes, in relation to an obligation, undertaking, activity or a service, the exercise of the degree of skill, speed, care, diligence, judgmentjudgement, prudence and foresight and the use of practices, controls, systems, technologies and processes, which would be expected from a skilled, experienced and market leading service provider that is an expert in performing the same or similar obligation, undertaking, activity or service and utilising obligations and applying skilled resources with the requisite level of expertise;