Common use of STANDARD OF PRACTICE Clause in Contracts

STANDARD OF PRACTICE. Each party warrants that it has the degree of learning and skill ordinarily possessed by reputable professionals practicing in similar localities in the same profession and under similar circumstances. Each party’s duty is to exercise such care, skill and diligence as professionals engaged in the same profession ordinarily exercise under like circumstances.

STANDARD OF PRACTICE. Each party warrants that it has the degree of learning and skill ordinarily possessed by reputable professionals practicing in similar localities in the same profession and under similar circumstances. Each party’s duty is to exercise such care, skill and diligence as professionals engaged in the same profession ordinarily exercise exercised under like circumstances.