Common use of Sub-contracting and Outsourcing Clause in Contracts

Sub-contracting and Outsourcing. 15.8.1 Subject to sub-clause 15.8.3 below, neither Party shall, without the prior written consent of the other Party (such consent not to be unreasonably withheld), subcontract any of its obligations under this Agreement. 15.8.2 Sub-contracting by either Party will not relieve that Party of its obligations under this Agreement and the sub-contracting Party remains fully responsible for the acts and omissions of its sub-contractors and their employees, directors and agents. 15.8.3 The consent under sub-clause 15.8.1 above shall not be required in relation to any sub-contracting which is in place as at the date of this Agreement or in relation to any sub-contracting which is not material and occurs in the normal course of that Party’s business. 15.8.4 If a Party, at any time, reasonably considers that: (i) the performance by a sub-contractor of a sub-contracting Party of its obligations is unsatisfactory; or (ii) any other performance by the sub-contractor is adversely affecting the relationship between the IPE and LCH, then that Party shall notify the sub-contracting Party and shall ensure that the subcontracting party shall address such concerns.

Appears in 2 contracts

Sources: Clearing Services Agreement (Intercontinentalexchange Inc), Clearing Services Agreement (Intercontinentalexchange Inc)