Benchmarked
/ˈbɛn(t)ʃˌmɑːrkt/
Definitions
- (v. past tense) Past tense of benchmark, meaning to evaluate or measure performance or standards against a recognized norm, often in legal compliance or business contexts.
The company benchmarked its contract management system against industry standards to ensure compliance.
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Commentary
Typically used in assessing whether practices meet legal or regulatory standards; precise benchmarks can influence litigation outcomes involving standard-of-care disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.