Common use of Monitoring and Review Clause in Contracts

Monitoring and Review. Council will monitor the performance of the developers’ obligations under a planning agreement. This may include Council requiring the developer (at the developers’ cost) to report periodically to Council on its compliance with obligations under the planning agreement. Council may require a planning agreement to contain provisions establishing a mechanism under which the planning agreement is periodically reviewed with the involvement of all parties. Council will require a planning agreement to contain a provision requiring the parties to use their best endeavours to agree on any modification to the agreement having regards to the outcome of the review.

Monitoring and Review. Council will monitor the performance of the developers’ developers obligations under a planning agreement. This may include Council requiring the developer (at the developers’ developers cost) to report periodically to Council on its compliance with obligations under the planning agreement. Council may require a planning agreement to contain provisions establishing a mechanism under which the planning agreement is periodically reviewed with the involvement of all parties. Council will require a planning agreement to contain a provision requiring the parties to use their best endeavours to agree on any modification to the agreement having regards to the outcome of the review.