Industry Best Practice definition

Industry Best Practice means, in relation to any services, the exercise of the skill, diligence, prudence, foresight and judgement which would be expected from a highly skilled and experienced and well-resourced person engaged in the same type of undertaking under the same or similar circumstances, applying the best standards and practices currently applied in, as the circumstances require, the relevant industry;

Industry Best Practice means the standard of care, attention, diligence, expertise, knowledge, methods and practice expected of a competent and experienced professional in the IT and Cyber Security profession;

Industry Best Practice means best practices commonly recognized in the IT industry from time to time and applicable to the protection and security of sensitive information of a nature similar to Protected Information against unauthorised access, disclosure or use, or any unauthorized attempts to access, disclose or use such information.

Examples of Industry Best Practice in a sentence

• The Research Organisation will keep itself informed of Industry Best Practice in relation to information security and take steps to implement it.

• Without limiting clause 9.1, and to the extent that the parties' own information and computer systems are utilised for the purposes of this Agreement, each party must in respect of their own information and computer systems, as at the Commencement Date, and for the duration of the Term, have installed and maintain adequate security features within those information and computer systems which are at least consistent with Industry Best Practice.

• Such an election is binding on the partnership and all of its partners.

• Establish a Seafood Industry Best Practice Programme as a pathway to demonstrable improvement, with agreed specified standards developed for four key strands of sustainability: People: health, safety and wellbeing of workers at sea and on shore; healthier lives from a seafood-rich diet; value-added to local communitiesPlanet: responsible sourcing; waste reduction; carbon managementProduction: traceability, quality and integrity; fair operating practicesTransparency and and good governance.

• In the event of a change in the technical conditions or economics used in the formulation of the Development Plan, the Concessionaire may submit revisions or amendments to the ANP, accompanied by supporting reasons, and in accordance with applicable Brazilian legislation and with Oil Industry Best Practice.

More Definitions of Industry Best Practice

Industry Best Practice means the highest standards (including any relevant Australian, British, American or other international standard), practices, methods and procedures generally followed or approved by relevant industries and suppliers anywhere in the world (and no lower than the standards in Australia) for the work required under the Purchase Order and that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced supplier engaged in comparable works, including without limitation in relation to environmental management and occupational health and safety.

Industry Best Practice means with respect to any service, function or responsibility to be provided or carried out by the Supplier, means a standard of service, in terms of accuracy, reliability, completeness, quality, timeliness and efficiency, equal to or better than that being provided at the relevant time by the best managed and performing organisations providing services (in Australia) similar to the Services (or part of the Services) as the case may be.

Industry Best Practice means a practice, method, process or criteria, such as well as known security best practices supporting high standards of resilience, following acknowledged frameworks such as NIST CSF, ISO 27001/2, ISO 277001, ISO 3100, ISF that is generally accepted and followed by industry members.

Industry Best Practice means the standards (including any relevant Australian Standard), practices and methods generally followed by and that degree of skill and diligence that would ordinarily be expected of a skilled and experienced contractor in the course of supplying goods and services similar to the Goods and Services.

Industry Best Practice means the standards which fall within the upper quartile in the Provider’s industry for the provision of 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 term of the Contract and any other relevant factors.

Industry Best Practice means the utilisation of up-to-date and advanced proven processes, techniques, technology or methodologies, and will be interpreted having regard to:

Industry Best Practice means that exercise of that degree of skill, diligence and foresight that would be expected from a reasonably skilled and experienced operator engaged in the same type of business as the Supplier;