Model Code Clause Samples
The Model Code clause establishes that a specific set of standardized rules or guidelines, often developed by an industry body or regulatory authority, will govern certain aspects of the agreement. In practice, this means that the parties agree to follow the procedures, definitions, or technical standards set out in the referenced model code, which could relate to areas such as construction, safety, or professional conduct. By incorporating a model code, the clause ensures consistency, reduces ambiguity, and provides a clear framework for compliance, thereby minimizing disputes and aligning expectations between the parties.
Model Code. The Issuer has adopted a code for transactions in its securities by the Directors no less stringent than the Model Code for Securities Transactions by Directors of Listed Companies set out in the Listing Rules and such code has been and will be fully complied with in connection with the Subscription and the related transactions entered into or to be entered into pursuant to this Agreement.