Company sole discretion
The phrases sole discretion or at its sole discretion or even in sole discretionare often used in contracts and legal writing to refer to an instance when a person or entity is given the right to make a decision or tak.
If you are looking for ain its sole discretion synonym or looking for variations of phrase “sole discretion”, here are some possibilities: 1. At its own discretion 2. In sole discret.
If you are involved in drafting contracts or you have been granted sole discretionrights under a contract, it’s a good idea to quickly evaluate what it meansto have “sole” discretion.
If the parties expressly negotiated provisions granting a party with “sole discretion” or “absolute discretion”, the courts will enforce the intention of the parties so l.
It’s important to nuance “sole and absolute” discretion from “contractual” discretion. To have a sole or absolute contractual right means to have the full and unfettered right to exercise.Sole discretion is a contractual provision that grants a party complete latitude in deciding on certain contractual elements or having the ability to make certain decisions or exercise certain rights1. It means being entitled to consider only such interests and factors as the person making such determination desires, including solely its own interests, without having any duty or obligation to give any consideration to any interest of or factors affecting the company or any other person2. Companies often enter into contractual relationships that give them “sole” or “absolute” discretion to make strategic business decisions3.
As the photovoltaic (PV) industry continues to evolve, advancements in Company sole discretion have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
6 FAQs about [Company sole discretion]
What is the sole discretion of the company?
The Company's decisions regarding the Record Date, Distribution Date, and all terms of the Distribution, including the form, structure, and terms of any transactions and/or offerings to effect the Distribution and the timing of and conditions to the consummation thereof, are in the sole and absolute discretion of the Company. (Sole Discretion of Company)
What does sole discretion mean in a contract?
The phrases sole discretion, in its sole discretion or at its sole discretion are used in contracts to define the manner a party may decide certain aspects of the contract, exercise an option or make a decision and the legal consequences that will follow from the decision of one party. For example:
What is a sole discretion clause?
The sole discretion clause or the sole and absolute discretion clause is a contractual provision granting a party complete latitude in deciding on certain contractual elements or having the ability to make certain decisions or exercise certain rights. For example:
What is sole discretion and absolute discretion?
The terms “sole discretion” and “absolute discretion” with respect to any determination to be made a Party under this Agreement shall mean the sole and absolute discretion of such Party, without regard to any standard of reasonableness or other standard by which the determination of such Party might be challenged.
What is company discretion?
Company Discretion. The Subscriber understands and agrees that the Company in its sole discretion reserves the right to accept or reject this or any other subscription for Shares, in whole or in part, notwithstanding prior receipt by the Subscriber of notice of acceptance of this subscription.
What is the difference between sole discretion and reasonable discretion?
The sole discretion rights involves a party making a decision primarily based on its own assessment and driven by its own evaluation of the circumstances. A reasonable discretion is when a party is given the right to exercise a discretion but “reasonable” in light of the factual circumstances for both parties.