Standards and definitions Sample Clauses
The "Standards and Definitions" clause establishes the specific meanings of key terms and the benchmarks or criteria that apply throughout the agreement. It typically outlines how certain words, phrases, or technical standards should be interpreted, ensuring that all parties have a shared understanding of important concepts—such as what constitutes "confidential information" or which industry standards must be met. By providing clear definitions and setting objective standards, this clause helps prevent misunderstandings and disputes over interpretation, thereby promoting consistency and clarity in the contract's application.
Standards and definitions. 13.2.1 The maintenance that the Contractor is required to perform is defined in Section 11 and Section 12.
Standards and definitions. Your certification should be conducted in accordance with:
(A) the Petroleum Resources Management System sponsored by Society of Petroleum Engineers, American Association of Petroleum Geologists, World Petroleum Council and Society of Petroleum Evaluation Engineers (PRMS); and
(B) the Guidelines for Application of the Petroleum Resources Management System November 2011 sponsored by Society of Petroleum Engineers, American Association of Petroleum Geologists, World Petroleum Council, Society of Petroleum Evaluation Engineers and Society of Exploration Geophysicists (PRMS Guidelines). Definitions that apply in the PRMS, as defined in Appendix A: Glossary of Terms Used In Resource Evaluations, of the PRMS, also apply in this letter of instruction. In addition, the following definitions apply (in priority to the PRMS to the extent of any inconsistency) in this letter of instruction unless the context requires otherwise.