vcs-vvbagreementtemplate-verifiedcarbonstandard.docVIP

Verified Carbon Standard Association and [ValidatION/VerifiCATION BODY] VCSA VVB Agreement Contents Clause Page 1. Definitions and Interpretation 1 2. VCSA Approval of Service Provider 4 3. Obligations of the Service Provider 5 4. Review of the Service Provider 6 5. Suspension of the Service Period 7 6. Representations and Warranties 8 7. Liability 9 8. Events of Default 10 9. Assignment and No Fault Termination 11 10. Payment and Notices 11 11. Confidentiality and Public Announcements 12 12. Governing Law and Dispute Resolution 13 13. Miscellaneous 14 This Agreement is made on [ ] 20[?] Between: (1) verified carbon standard Association, an association incorporated in the District of Columbia, USA whose registered office is at 1090 Vermont Avenue N.W., Suite 910, Washington, D.C., 20005, USA and whose physical office is at One Thomas Circle, N.W., Suite 1050, Washington, D.C., 20005, USA (the VCSA); and (2) [validatION/verifiCATION BODY] a [entity type] incorporated in [?] [of registered number [?]], whose registered office is at [?] (the Service Provider), each a Party and together the Parties. The Parties hereby agree: Definitions and Interpretation Definitions In this Agreement: Approved GHG Program means a GHG program that has been approved by the VCS Board, through a gap analysis, as a VCS-approved GHG program; Business Day means a day other than a Saturday or Sunday or a federal public holiday in the United States; Default means an Event of Default or any event or circumstance specified in Clause ?8.1 which would, with the expiry of a grace period or the giving of notice, become an Event of Default. Event of Default means any event or circumstance specified as such in Clause 8.1; GHG means greenhouse gas; “IAF Accreditation Body” means an accreditation body that is a member body of the International Accreditation Forum and that has established a program for accrediting Validation/Verification Bodies under ISO 14065 with scope VCS. Impr