Record and Proceedings Clause Samples
The 'Record and Proceedings' clause defines how official records and documentation related to the agreement or a particular process will be maintained and managed. It typically outlines who is responsible for keeping accurate records, the format in which records must be kept, and the procedures for accessing or reviewing these records. For example, it may specify that meeting minutes, correspondence, or transaction logs must be preserved for a certain period and made available to relevant parties upon request. This clause ensures transparency and accountability by providing a clear framework for record-keeping and access, thereby reducing the risk of disputes over what transpired during the course of the agreement.
Record and Proceedings. A full stenographic or electronic record of all proceedings in the arbitration will be maintained, and the Arbitrator will issue rulings, a statement of decision and a judgment as if the Arbitrator were a sitting judge of the state court of California, with all of the powers (including with respect to remedies) vested in such a judge. The fees and costs of creating and maintaining a stenographic or electronic record will be initially borne by the parties to the arbitration in equal amounts, pro rata.
Record and Proceedings. A full stenographic or electronic record of all proceedings in the arbitration shall be maintained, and the Arbitrator shall issue rulings, a statement of decisions and a judgment as if the Arbitrator were a sitting Judge of the Superior Court of the State of Delaware, with all of the powers (including with respect to remedies) vested in such a judge.