Business Practice Changes Clause Samples
The Business Practice Changes clause allows one or both parties to modify their standard operating procedures or methods during the term of an agreement. Typically, this clause outlines the process for notifying the other party of such changes and may require mutual consent if the changes materially affect the agreement's performance or obligations. Its core function is to provide flexibility for businesses to adapt to evolving industry standards or internal policies while maintaining transparency and minimizing disruption to the contractual relationship.
Business Practice Changes. In addition to the Settlement benefits described above, Filters Fast has taken numerous measures to further enhance the security of its customers’ data, including the measures set out below. These measures remain in effect as of the date of the Settlement Agreement:
Business Practice Changes. Filters Fast represents that it has taken numerous measures to further enhance the security of its website, including the measures set out below. The Parties agree that Filters Fast has taken the following measures and that such measures remain in effect as of the date of this Settlement Agreement:
Business Practice Changes. (1) Beginning on or before the Effective Date, Target agrees not to implement or assess RFPs, or any equivalent fee, in connection with TDC transactions that are less than $7.00, for a period of two years from the Effective Date. Nothing herein shall prohibit Target from continuing the practice change beyond the time period provided herein.
(2) Beginning on or before the Effective Date, Target agrees that any RFPs charged will be the lesser of the RFP as disclosed by the TDC Agreement or the amount of the TDC transaction that was returned unpaid, for a period of two years from the Effective Date. Nothing herein shall prohibit Target from continuing the practice change beyond the time period provided herein.
(3) The Parties will work collaboratively up to the time of Final Approval to amend the TDC Agreement to provide additional information to TDC Holders regarding how they may incur RPFs from Target and non-sufficient funds or overdraft fees from their banks and/or credit unions in connection with the use of the TDC, with Target maintaining final discretion regarding the amended disclosures.
Business Practice Changes. Advent Health has agreed to provide sufficient documentation to demonstrate that it either has implemented or will implement data security enhancements through December 31, 2024. Advent Health agrees to provide confirmatory discovery establishing the appropriateness of settlement terms as contemplated by Tennessee Civil Procedure Rule 23.01 et seq. Upon request, Advent Health will also provide Plaintiff’s Counsel with a good faith estimate of the cost enhancements since the Data Breach. Costs associated with these data security measures will be paid by Advent Health separate and apart from other settlement benefits.
Business Practice Changes. Defendant has submitted to Proposed Settlement Class Counsel a declaration attesting to additional data security procedures put in place since the Data Incident. None of the past or future costs associated with the development and implementation of these additional security procedures has been or will be paid by Plaintiffs and no portion of the Settlement Fund is to be used for this purpose.
Business Practice Changes. Plaintiffs have received assurances that Defendant either has undertaken or will undertake reasonable steps to further secure its systems and environments. Defendant has provided confidential discovery regarding the number of individuals in the Settlement Class, the facts and circumstances of the Data Incident and Defendant’s response thereto, and the changes and improvements that have been made or are being made to protect class members’ Private Information.
Business Practice Changes. 2.8.1 As additional consideration of the Dismissal and Release of Claims as part of this Settlement, the Settling Parties further have extensively negotiated, and Dominion National has agreed to, certain Injunctive Relief, as set forth in Exhibit 3 to this Settlement Agreement. As set forth in Exhibit 3, Dominion National has agreed to implement and continue the specified business practices for a period of two years from the date of the final approval of the Settlement Agreement, unless noted otherwise.
2.8.2 Dominion National estimates the value of this Injunctive Relief to the Settlement Class is approximately $2,679,500.00, and the Settling Parties agree that this litigation has made these remedial measures a mandatory part of Dominion’s business.
Business Practice Changes. Neiman ▇▇▇▇▇▇ represents that from January 2014, the month when it learned preliminary information about the Cybersecurity Incident and when the initial lawsuit was filed, on January 13, 2014, against Neiman ▇▇▇▇▇▇ relating to the Cybersecurity Incident, to the date of this agreement, ▇▇▇▇▇▇ ▇▇▇▇▇▇ has taken numerous measures to further enhance the security of its customers’ data, including the measures set out below. The Parties agree that ▇▇▇▇▇▇ ▇▇▇▇▇▇ has taken the following measures and that such measures remain in effect as of the date of this Settlement Agreement:
Business Practice Changes. 5.1 Notwithstanding any other obligations, as part of this Agreement, Arietis agrees to engage in certain business practice changes. Such business practice changes will include conducting due diligence of third parties that provide file transfer services to Arietis by obtaining independent security audits and requiring mutually agreed- upon dates by which third parties that provide file transfer services to Arietis will resolve audit findings. Arietis will maintain these business practices for a minimum of two (2) years following the entry of the Final Approval Order and Judgment.
Business Practice Changes. DCA represents that it has implemented information security enhancements after the Data Incident in 2020 and 2021, and that it will commit to additional information security enhancements in 2022. These potential measures are identified in a Confidential Appendix A that will be filed under seal with the Court.