Guidelines on key terms for and draft template agreement between an HCX and its participants
In order to create the drafts of the templates, it is necessary to first identify the key terms of the relationship between the parties, i.e., the HCX and a participant. These key terms have been derived from the guidelines earlier specified in the business specifications:
In keeping with the endeavour to ensure rapid dispute resolution between all entities in the HCX, the drafts are being created so that they are FTA friendly. In order for the documents to be FTA friendly, they must be unambiguous and identify the potential disputes that could arise between an HCX and a Participant and the evidence needed by the parties to prove their case and, as far as possible, damage computation formulae.