PROFESSIONAL APPRAISAL Clause Samples
The Professional Appraisal clause establishes the requirement for an independent, qualified expert to assess the value of a property, asset, or item in question. Typically, this clause outlines the process for selecting an appraiser, the standards or methodologies to be used, and how the appraisal results will be applied to the agreement—such as determining purchase price, resolving disputes, or setting insurance values. Its core practical function is to provide an objective and credible valuation, thereby reducing the potential for disagreements and ensuring fairness between the parties.
PROFESSIONAL APPRAISAL. 7-1 Professional appraisal is the systematic formal summative review instrument recommended by a joint committee made up of five (5) people appointed by the LPS Board and five persons appointed by the Lincoln Education Association. The committee shall be called the Teacher Appraisal Joint Committee.
7-2 Any proposed changes in the summative review instrument will be recommended by the Teacher Appraisal Joint Committee and shall be jointly agreed upon by the Lincoln Education Association Board and the LPS Board.
7-3 The appraisal process and summative review instrument shall be consistent with the LPS Board policy on appraisal.
7-4 a. The certificated employee may submit a written statement and/or rebuttal which must be attached to all file copies of the appraisal. Certificated employees shall have seven (7) working days after being notified of any appraisal document that has been written, submitted, and made available to them by the appraiser in which to file a response or ten (10) calendar days if after the end of the school year.
PROFESSIONAL APPRAISAL.
A. INTRODUCTION, PHILOSOPHY, AND OBJECTIVES