Common use of Mutual Recognition of Equivalence of Standards Clause in Contracts

Mutual Recognition of Equivalence of Standards. Where regulatory compliance is required and where there is equivalence of outcomes, each Party shall accept the standards of the other Party as equivalent to its own corresponding standards.

Mutual Recognition of Equivalence of Standards. Where 1. If regulatory compliance is required and where if there is equivalence of outcomes, each Party shall accept give positive consideration to accepting the standards of the other Party as equivalent to its own corresponding standards.