Jeopardies Clause Samples
The 'Jeopardies' clause defines situations or events that could put the agreement, its parties, or the subject matter at risk. Typically, this clause outlines specific conditions—such as legal actions, regulatory investigations, or financial instability—that may trigger certain rights or obligations, like suspension or termination of the contract. Its core function is to proactively address and manage potential threats, ensuring that both parties are aware of and prepared for circumstances that could undermine the agreement's integrity or viability.
Jeopardies. A jeopardy occurs when it appears likely that an order due date ("ODD") will be missed. For jeopardy conditions discovered at least twenty-four (24) hours prior to the ODD, Genuity will notify ▇▇▇▇ Atlantic by providing a new ODD via E-mail prior to the original ODD. Jeopardies that occur on the ODD, the jeopardy condition will be communicated immediately by Genuity to ▇▇▇▇ Atlantic via a phone call and E-mail to the designated ▇▇▇▇ Atlantic contact. Genuity will provide real time jeopardy/reason missed notification and estimated time to resolve.