Common use of Readiness Test Clause in Contracts

Readiness Test. The Client and Exult Supplier shall agree to a specific set and schedule of Readiness Tests to be satisfied prior to Exult Supplier assuming responsibility for a Process. These tests shall be specific to each Process and shall be designed to assure the Client and Exult Supplier of the readiness of both parties to transition the Process to Exult Supplier. Each Readiness Test plan shall document the objective and measurable criteria to be tested, the expected outcomes, the governance of the test, and the results. Typical items that would appear in a Readiness Test include: [***]* In the event that either party believes that there has been a failure to complete a Readiness Test in all material respects, it shall provide the other party with a written notice specifying the grounds on which it believes the Readiness Test has been failed, within [***]* of the completion of the Readiness Test. As soon as reasonably practicable following the receipt of such notice, the parties shall meet to discuss, and if possible, agree whether and in what respects the Readiness Test has failed, and to agree a plan to conduct a further Readiness Test.

Appears in 3 contracts

Samples: Escrow Agreement (Exult Inc), Escrow Agreement (Exult Inc), Country Agreement (Exult Inc)

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Readiness Test. The Client and Exult Supplier shall agree to a specific set and schedule of Readiness Tests to be satisfied prior to Exult Supplier assuming responsibility for a Process. These tests shall be specific to each Process and shall be designed to assure the Client and Exult Supplier of the readiness of both parties to transition the Process to Exult Supplier. Each Readiness Test plan shall document the objective and measurable criteria to be tested, the expected outcomes, the governance of the test, and the results. Typical items that would appear in a Readiness Test include: [***]* In the event that either party believes that there has been a failure to complete a Readiness Test in all material respects, it shall provide the other party with a written notice specifying the grounds on which it believes the Readiness Test has been failed, within [***]* 2 days of the completion of the Readiness Test. As soon as reasonably practicable following the receipt of such notice, the parties shall meet to discuss, and if possible, agree whether and in what respects the Readiness Test has failed, and to agree a plan to conduct a further Readiness Test.

Appears in 2 contracts

Samples: Framework Agreement (Exult Inc), Country Agreement (Exult Inc)

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