2. Compensation — A standard reciprocity allowance in which the university compensates the sponsor for negligence and the sponsor compensates the university for the performance of the protocol and the use of the results of the study by the university. So how often are the compensation clauses? It`s quite common. They are standard provisions in large commercial contracts for goods or services, as well as in commercial real estate contracts and leases. They even end up in smaller contracts for security alert services, shredding services and social media user contracts and many more. Imagine your service providers asking you to compensate them for their actions. Example 1: Here is an example of a simple compensation clause in a contract: compensation agreements are complex, laws differ in each state, and this section is not designed as legal advice. Talk to a lawyer if you are considering including a compensation contract in a contract. Most commentators suggest the use of both terms.
(See, Are «Compensate» and «Keep Harmless» the same?). Sarah Swank advises, for example, that it is «[g]enerally, it is advisable to include both compensation and harmless language because of the diversity of definitions of no-position.» www.ober.com/publications/2113-clarifying-confusing-world-indemnification-hold-harmless-defense-clauses) The same argument – that the terms cover a wider range of results – can also be interpreted as uncertainty, and that is why others strongly discourage using them. (See even more on «Indemnify» and «Hold Harmless» and revisiting «Indemnify,» Ken Adams. Compensation. [PARTY A] continues to release [PARTY B] the compensation obligations in the [INDEMNIFICATION] section of [PARTY B]`s employment contract [and the statutes or incorporation of [PARTY A] in connection with this agreement in [ATTACHMENT] They would sign a compensation agreement with the parachute company. With the signing, the compensation agreement protects the company of paratroopers from legal action. g. The promoter was immediately informed in writing of the adverse effects during the investigation as well as any complaints about the institution, the system, its regents, officers, officers, officers and members of the Institutional Review Board regarding the investigation.
The institution, at its sole discretion, will authorize the promoter to settle all claims or actions compensated by the promoter, with the agreement of the system and the institution whose authorization is not unduly denied, and, subject to the legal obligation of the Attorney General of Texas, accepts full control of that defence by the promoter. any transaction offer negotiated by the promoter pursuant to this agreement is (i) a good faith transaction offer that politically frees up all rights and commitments to the institution, the system, its regents, officers, agents, agents and members of the Institutional Review Board for whom compensation is sought; (ii) be carried out in good faith by the promoter; (iii) be reviewed and discussed with the institution and the system; and (iv) do not contain conditions that impose an obligation on the institution, the system, its regents, its senior managers, agents or members of the Institutional Review Board to conduct or refrain from performing acts with significant financial, operational or medical consequences that would not be reimbursed by the proponent under the proposed comparison (hereafter referred to as «offer»). If the promoter has obtained the applicant`s written agreement on the offer, and subsequently the institution or system does not approve the offer within 10 days of notification to the institution and system, or a shorter period of time required in the circumstances to apply such a regime (the «approval period»), the sponsor`s obligation to continue to defend that right or action ends and compensates the institution, the system, its regents, its officers, staff, representatives and members of the Institutional Review Board.