Business Initiative definition

Business Initiative means a bona-fide business opportunity described by a Statement of Work and with potential customers or markets identified and a general statement of the roles envisioned for each Party. The Party proposing the Business Initiative pledges to expend effort to research, develop, and otherwise pursue that Business Initiative. A Business Initiative must be signed by both Parties and must identify which Party is the proposing Party.
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Examples of Business Initiative in a sentence

  • Vendor affirms that in providing the goods and/or services associated with this PO, Vendor has complied with the Responsible Business Initiative (see ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/), and in particular the five sections regarding labor; health and safety; the environment, elements of an acceptable system to manage conformity with the Code; and standards relating to business ethics.

  • The Assistant Secretary of the Army (Manpower and Reserve Affairs) and the Assistant Secretary of the Army (Acquisition, Logistics and Technology) have implemented guidance to comply with this DoD Business Initiative Council (BIC) sponsored initiative.

  • If communications are initiated by the Customer directly with the Party not bringing the Business Initiative, that Party will coordinate responses with the Party who proposed the Business Initiative.

  • The Party bringing the Business Initiative to this agreement shall be responsible, unless otherwise agreed to by the Parties, for all communication with prime contract customer contacts, whether in person, in writing, by phone, or by other means.

  • Contracts that result from a Business Initiative will express the responsibility of each Party for providing the resources necessary to perform the contract.

  • Any business agreements between the Parties shall identify the details of the Business Initiative.

  • The Grantee agrees to actively work with the Wisconsin Women’s Business Initiative Corporation (WWBIC) and engage in their technical support and assistance to the Grantee.

  • Any business agreements between the Parties shall identify and details of the Business Initiative; the details shall include at a minimum the elements stated in __.

  • For each Business Initiative, the Parties will identify the equipment and materials required as this information becomes known.

  • National Business Initiative (NBI) and ▇▇▇▇▇▇▇▇ have jointly initiated and piloted a three-year programme to implement a model of TVET pathways into Installation, Repair and Maintenance (IRM) occupations across a range of sectors in the South African economy.