Nature of the Obligation. The duties and commitments of the Contractor regarding the PBCs are obligations of means rather than of results, to the extent that their success depends in part on external factors that are beyond the control of the Contractor. This circumstance must be considered when assessing its compliance. Anyhow, the Contractor is bound to act with due diligence in the process of planning, defining, executing, monitoring and measuring the effect or impact of the respective investment. Furthermore, even though it is the obligation of the Contractor to monitor and measure it during contract performance, the PBC is considered satisfactorily fulfilled once the activities have been completed and the XXX has issued a statement in this regard.
Nature of the Obligation. What is the non-disclosure agreement attempting to accomplish? What is being restricted? Many agreements have language to the effect of “recipient of the information is required to exercise the same degree of care that it would use to protect its own confidential information, but, at a minimum, the recipient of the information should be required to exercise a reasonable degree of care.”
Nature of the Obligation. 1. The Parts mutually agree that the obligations here by Tellure Rôta S.p.A. in relation to aforementioned project of research, must be understood mere obligations of means and not obligations of results.
Nature of the Obligation. The obligations of Institution under this Agreement shall be general obligations, payable from any legally available funds of Institution.
