According to the Statement of the Initiative for Breach of Contract Responsibility - World Credit Organization

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ICE8000 credit knowledge column
  • 1. "Introduction to ICE8000 Credit Knowledge"
  • 2. "Building an Integrity Unit——ICE8000 Integrity Management"
  • 3. "ICE8000 Credit Investigation, Analysis, Rating"

    • 10.12 Statement of the initiative to pursue liability for breach of contract

    In most of the ICE8000 standards, there are the following clauses: "The liability for breach of this standard shall be based on the principle of non-compliance, that is:

    (1) Only when the infringed party takes the initiative to investigate, the breaching party shall bear the corresponding liability for breach of contract;

    (2) The aggrieved party has the right to decide whether to initiate the corresponding investigation procedure for breach of contract;

    (3) The aggrieved party has the right to forgive the breaching party or reach an agreement with the breaching party. "

    This clause clearly declares the aggrieved party's initiative to pursue the liability for breach of contract, which can be called the statement of the initiative to pursue liability for breach of contract.

    The main functions of this clause are: clarifying the injured party as the subject of accountability, which is conducive to protecting the freedom of the injured party.

    What needs to be explained here is:

    1. The aggrieved party has the right not to pursue the breach of contract responsibility of the dishonest person, and has the right to compromise with the dishonest person. This will help both parties reach an understanding and resolve conflicts.

    Second, sometimes, there is not one but multiple victims of dishonesty. An aggrieved party waives its right of recourse, but other aggrieved parties still have the right to pursue it.

    3. This clause adopts the principle of "don't sue, ignore" prevailing in civil law, which is conducive to saving costs.

    The above content is excerpted from "Building an Integrity Unit - ICE8000 Integrity Management" (written by Fang Bangjian, free to use, but please indicate the source)