Operation Model Clause Samples
The Operation Model clause defines the framework and procedures by which the parties will conduct their business operations under the agreement. It typically outlines roles and responsibilities, communication protocols, and the processes for decision-making and reporting between the parties. For example, it may specify how day-to-day activities are managed, how performance is monitored, and how issues are escalated. The core function of this clause is to ensure both parties have a clear, shared understanding of how the collaboration will function in practice, thereby reducing misunderstandings and operational inefficiencies.
Operation Model. 1.1 Party A provides Party B with the IE21 Interactive English course package specified in the above section. Party B will use the course package as training material for its staff members.
Operation Model. 3.1 The Joint Stock Company may submit the plan on the demand for electricity for the following year or the adjustment plan to the service items for the current year (“Annual Provision Plan”) to the Group Company before 30 November each year. Both parties shall agree unanimously on the plan before 31 December of the current year. In the event the plan on the demand for electricity of the Joint Stock Company for the following year is the same as the current year, the Group Company is obliged to satisfy the plan.
3.2 Both parties and their respective subsidiaries shall enter into specific supply contract for the provision of electricity pursuant to this agreement (including the formulation of Annual Provision Plan pursuant to this agreement).
3.3 In the course of executing the Annual Provision Plan or the specific supply contract, where necessary and agreed by both parties, the Annual Provision Plan or the specific supply contact may be adjusted.
3.4 The consideration for the provision of electricity may be settled in one lump sum or installments.
3.5 Either party shall settle the amount due to the other party or credit the account of the other party in relation to the ongoing connected transactions for the current month latest by the last business day of each calendar month. The amount incurred by the ongoing connected transactions for each calendar month shall be settled within the month immediately following, but not including the amounts involved in the transactions not completed then and the amounts under disputes.
Operation Model. 3.1 The Joint Stock Company may submit the plan on the demand for Materials & Supplies and water supply for the following year or the adjustment plan to the service items for the current year (“Annual Provision Plan”) to the Group Company before 30 November each year. Both parties shall agree unanimously on the plan before 31 December of the current year. In the event the plan on the demand for Materials & Supplies and water supply of the Joint Stock Company for the following year is the same as the current year, the Group Company is obliged to satisfy the plan.
3.2 Both parties and their respective subsidiaries shall enter into specific supply contract for the provision of Materials & Supplies and water supply pursuant to this agreement (including the formulation of Annual Provision Plan pursuant to this agreement).
3.3 In the course of executing the Annual Provision Plan or the specific supply contract, where necessary and agreed by both parties, the Annual Provision Plan or the specific supply contact may be adjusted.
3.4 The consideration for the Agreed Provision may be settled in one lump sum or installments.
3.5 Either party shall settle the amount due to the other party or credit the account of the other party in relation to the ongoing connected transactions for the current month latest by the last business day of each calendar month. The amount incurred by the ongoing connected transactions for each calendar month shall be settled within the month immediately following, but not including the amounts involved in the transactions not completed then and the amounts under disputes.
Operation Model. 3.1 The Group Company may submit the plan on the demand for products and materials and supplies for the following year or the adjustment plan to the supplies items for the current year (“Annual Provision Plan”) to the Joint Stock Company before 30 November each year. Both parties shall agree unanimously on the plan before 31 December of the current year.
3.2 Both parties and their respective subsidiaries shall enter into specific supply contract for the provision of products and materials and supplies pursuant to this agreement (including the formulation of Annual Provision Plan pursuant to this agreement).
3.3 In the course of executing the Annual Provision Plan or the specific supply contract, where necessary and agreed by both parties, the Annual Provision Plan or the specific supply contact may be adjusted.
3.4 The consideration for the agreed provision may be settled in one lump sum or installments.
3.5 Either party shall settle the amount due to the other party or credit the account of the other party in relation to the ongoing connected transactions for the current month latest by the last business day of each calendar month. The amount incurred by the ongoing connected transactions for each calendar month shall be settled within the month immediately following, but not including the amounts involved in the transactions not completed then and the amounts under disputes.
Operation Model. 3.1 The Joint Stock Company may submit the plan on the demand for equipment maintenance and repair works for the following year or the adjustment plan to the service items for the current year (“Annual Maintenance and Repair Services Plan”) to the Group Company before 30 November each year. Both parties shall agree unanimously on the plan before 31 December of the current year. In the event the plan on the demand for equipment maintenance and repair works of the Joint Stock Company for the following year is the same as the current year, the Group Company is obliged to satisfy the plan.
3.2 Both parties and their respective subsidiaries shall enter into specific equipment maintenance and repair works contract for the provision of equipment maintenance and repair works pursuant to this agreement (including the formulation of Annual Maintenance and Repair Services Plan pursuant to this agreement).
3.3 In the course of executing the Annual Maintenance and Repair Services Plan or the specific equipment maintenance and repair works contract, where necessary and agreed by both parties, the Annual Maintenance and Repair Services Plan or the specific equipment maintenance and repair works contract may be adjusted.
3.4 The consideration for the provision of equipment maintenance and repair works may be settled in one lump sum or installments.
3.5 Either party shall settle the amount due to the other party or credit the account of the other party in relation to the ongoing connected transactions for the current month latest by the last business day of each calendar month. The amount incurred by the ongoing connected transactions for each calendar month shall be settled within the month immediately following, but not including the amounts involved in the transactions not completed then and the amounts under disputes.
Operation Model. 1.1 Party A provides Party B with the Fudan New English course package specified in the above section. Party B will use the course package as training material for its staff members.