Contractual control definition

Contractual control means the right to direct the manner in which a party performs those contractual obligations related to the claim for damages.
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Contractual control. . That means although the partnership is 50/50, the partnership agreements contain clauses that empower the selling partner, giving him/her managing authority over daily operations and, often, authority over major decisions as well. Where the selling physician contractually retains authority over both daily management and major matters, this is akin to 51%/49%. The key where the selling partner desires to retain legal control of the practice, is negotiating the degree or control. So, for example, giving them authority over only daily management. Or if they have control over major issues, as well, limiting this to only certain matters. In all cases, the physician might desire to negotiate their own security. This would mean, for example, having veto power over a decision by the senior partner to terminate their employment. Or, for example, having veto power over the incurrence of any major liability, particularly one which the partners will be required to personally guarantee on the
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Examples of Contractual control in a sentence

  • Contractual control was deemed to have been attained in December 2016 and therefore both Hulian Xincai Information Technology Co. Ltd and Hulian Xincai Hangzhou Sport Culture Communication Ltd.

Related to Contractual control

  • Standard Contractual Clauses means the standard contractual clauses for the transfer of personal data to processors established in third countries, as approved by the European Commission in Decision 2010/87/EU, or any set of clauses approved by the European Commission which amends, replaces or supersedes these;

  • Contractual Service means the rendering by a contractor of its time and effort rather than the furnishing of specific commodities. The term applies only to those services rendered by individuals and firms who are independent contractors. Contractual Services do not include auditing services, Maintenance Services, or Professional Services as defined in Section 287.055(2)(a) of the Florida Statutes, and these Rules. Contractual Services also do not include any contract for the furnishing of labor or materials for the construction, renovation, repair, modification, or demolition of any facility, building, portion of building, utility, park, parking lot, or structure or other improvement to real property entered into pursuant to Chapter 255 of the Florida Statutes, and Rules 3.5 or 3.6.

  • EU Standard Contractual Clauses means the standard contractual clauses issued by the European Commission by implementing decision 2021/914 of June 4, 2021 on standard contractual clauses for the transfer of personal data to third countries pursuant to Regulation (EU) 2016/679 of the European Parliament and of the Council.

  • UK Standard Contractual Clauses means the Standard Contractual Clauses for data controller to data processor transfers approved by the European Commission in decision 2010/87/EU.

  • Contractual Services are defined as those specified services established within the OAG approved budget for which the Provider is to be paid upon completion at the set rate also established within the OAG approved budget, as authorized expenditures eligible for payment, or reimbursement pursuant to ARTICLE 9, AUTHORIZED EXPENDITURES, of this Agreement.