Initial confidence Clause Samples
The "Initial confidence" clause establishes the baseline level of certainty or assurance that a party must have at the outset of an agreement or project. Typically, this clause requires parties to confirm that, based on the information available at the start, they have a reasonable belief in the accuracy of key facts or the likelihood of achieving certain outcomes. For example, it may apply to representations about financial data, technical feasibility, or compliance with regulations. Its core function is to set expectations and allocate responsibility for due diligence, helping to prevent disputes arising from misunderstandings or undisclosed risks at the beginning of the relationship.
Initial confidence. 6.2.1. The Technical Agents and Aviation Authorities identified in Appendix 2 of this Annex at the time of entry into force of the Agreement meet the requirements of this Annex, following the confidence building process conducted for the purpose of entering into the Agreement.
6.2.2. When the JMCB determines that an Aviation Authority has successfully completed an assessment for compliance with the requirements of this Annex, it shall make a proposal to the Bilateral Oversight Board for the inclusion of the Aviation Authority in Appendix 2.
Initial confidence. 6.2.1. Each Technical Agent has demonstrated to the other Technical Agent the effectiveness of its respective system for the regulatory oversight of activities covered under this Annex through initial confidence building activities. The Technical Agents have also demonstrated to each other the effectiveness of their quality audits and standardisation activities, including audits of Aviation Authorities, as referred to in paragraph 6.3.