Best Industry Standards definition
Best Industry Standards means the standards which fall within the upper quartile in the relevant industry for the provision of comparable services which are substantially similar to the Services or the relevant part of them, having regard to factors such as the nature and size of the parties, the service levels, the term, the pricing structure and any other relevant factors.
Best Industry Standards means the exercise of the degree of skill, competence, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person complying with applicable laws and practice engaged in the same type of undertaking under the same or similar circumstances asthe Supplier; “Buyer” Ritter-Courivaud Limited (a private limited company incorporated in England and Wales under company number 363411, whose registered office is at Equity House, Irthlingborough Road,Wellingborough, Northamptonshire NN8 1LT); “Contract” means any and all Orders between the Buyer and the Supplier for the sale and purchase of the Products made under these Terms and Conditions; “GoodsLegislation” means any applicable statute, statutory rule, order, directive, regulation or other instrument having force of law (including any directive or order promulgated by any competent supra-national body), all British and European standards, United Kingdom Accreditation Service and all other legislation in force from time to time relating without limitation to the manufacture (including raw materials or chemicals used in the production process), packaging, delivery, carriage, storage, supply of, installation and use of the Products and such legislation shall include but not be limited to Consumer Protection Act 1987, Guidance for Traders on Pricing Practices, Food Labelling Regulations, Packaging (Essential Requirements) Regulations 2005, Sale of Goods Act 1979 (as amended), Food Safety Act 1990, Food Safety and Hygiene (England) Regulations 2013, Code of Practice for Using Plant Protection Products,Control of Pesticide Regulation 1986, General Product Safety Regulations 2005, Health and Safety at Work Act 1974 and Environmental Protection Act 1990; “Order” means the Buyer’s order for the supply of Products; “Product” means the goods which the Supplier is to provide to the Buyer pursuant to the Order in accordance with these Terms and Conditions; “Specification” means the Buyer’s specifications for the Products notified in writing to the Supplier; “Supplier” means the person or firm from whom the Buyer purchases the Products; “Terms andConditions” means these terms and conditions as amended from time to time in accordance with Condition 2.6 and includes any special terms agreed in writing between the Buyer and the Supplier.
Examples of Best Industry Standards in a sentence
However, the Supplier shall use its Best Endeavours to ensure that the relevant Service is delivered to a standard that is consistent with Best Industry Standards where this would result in a higher service level.
The Supplier shall, as part of the Learning Demand Planning Process, provide a report to HSBC that contains information regarding Best Industry Standards, research and benchmarking based on the Supplier’s own research and resources.
You shall use your best efforts to complete the Service, or any part of the Service, in accordance with Best Industry Standards and any milestones as set out in any schedule or by the date as agreed between the parties.