Fair and Reasonable definition
Fair and Reasonable means equitable terms for access to or receipt of any item pertaining to Agricultural Equipment, including any Tools, Specialty Tools, Software and Documentation, in light of relevant factors, including and subject to the limitations of Section II.A., the Manufacturer's suggested retail price and the distribution model of any respective item.
Fair and Reasonable means that the deduction is proportionate to the goods or services being provided. It must not compromise the employee’s ability to ensure a decent living income for themselves and their family, or bring their total remuneration below the minimum wage level.
Fair and Reasonable. 33 means taking into consideration the value of the Background/Foreground to which access is given and the scope (including duration) of the intended Research Use, with consequent remuneration as defined below.
Examples of Fair and Reasonable in a sentence
Access Rights to Affiliated Entities shall be granted on Fair and Reasonable conditions and upon written bilateral agreement.
Access Rights to Results if Needed for Exploitation of a Party's own Results shall be granted on Fair and Reasonable conditions.
Access Rights to Affiliated Entities shall be granted on Fair and Reasonable Conditions and upon written bilateral agreement.
Access Rights to Background if Needed for Exploitation of a Party's own Results, including for research on behalf of a third party, shall be granted on Fair and Reasonable conditions.
Access Rights to an entity under the same control shall be granted on Fair and Reasonable conditions and upon written bilateral agreement.
More Definitions of Fair and Reasonable
Fair and Reasonable has the meaning set forth in the definition of “Special Purpose Entity”.
Fair and Reasonable means the price that a prudent businessperson would pay for an item or service under competitive market conditions, given a reasonable knowledge of the marketplace. A “fair and reasonable” pricing determination must be made during every procurement prior to award.
Fair and Reasonable means appropriate, non-discriminatory, market-standard terms and conditions, taking into account the relevant circumstances, actual or potential value, proposed use, and other relevant considerations.
Fair and Reasonable means in the specific case, refer to the "Retail-Minus" approach already
Fair and Reasonable standard means one thing to an economist: rates should reflect the operation of the utility at minimum long run average cost. Costs in a competitive market naturally gravitate towards minimum long run average cost and by definition do not include charges that are unfair and unreasonable (or unjust), while this cost ensures that the regulated services are provided at a cost that promotes the overall efficiency of the economic system.
Fair and Reasonable means M12 Solutions will always act in a way which can be defended as being fair and reasonable. M12 will endeavour to provide notice, to provide reminders (written or oral) and to understand the customer’s perspective. We will provide mid-term contract reviews if requested.
Fair and Reasonable means that the proposed prices or rates charged are comparable to those that would be charged by another provider for a service of comparable quality and circumstances. This requires some level of knowledge of the market and comparison to other providers or activities. The term is used, despite its greater subjectivity, because much PDG grant funding occurs outside of an openly contestable process.