Baseline Validation Clause Samples
The Baseline Validation clause establishes a process for confirming that initial project requirements, specifications, or conditions are accurate and complete before significant work begins. Typically, this involves a review or assessment by one or more parties to ensure that the foundational assumptions and data are correct, such as verifying site conditions in a construction contract or validating technical requirements in a software agreement. By requiring this validation step, the clause helps prevent misunderstandings or disputes later in the project, ensuring that all parties have a clear and agreed-upon starting point.
Baseline Validation. Baseline Validation will commence once the final Process Take On Date has occurred and prior to [***]* to establish the actual Baseline to be used for the remaining term of the Country Agreement. Baseline Validation will establish the Baseline and resultant Base Charge to be applied following the Guaranteed Minimum Savings Date. The Baseline Validation shall cover those items included in the Due Diligence Exercise as well as other costs or items the are identified subsequent to the Due Diligence Exercise. Baseline Validation shall also include validation of the remaining Client HR Costs including the merger and harmonisation costs associated with BP and Amoco. Exult shall have the option to carry out an audit at its own cost on the Client HR Costs established during Baseline Validation. Any disagreements about the findings of this audit may be referred to an Expert pursuant to Clause 24.2 of the Framework Agreement (Dispute Resolution Procedure).
Baseline Validation. Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.