Price variation clauses


Published by a UUÂãÁÄÖ±²¥ Commercial expert
Precedents
Commercial contracts in hard times

Price variation clauses


Published by a UUÂãÁÄÖ±²¥ Commercial expert

Precedents
Commercial contracts in hard times
imgtext

    1. 1

      Price Variation (events prior to Delivery of Goods or products)

      Confirmed Price Date

      1. •

        means [insert number] days before [delivery of the [Products OR Goods]].

      1. 1.1

        At any time prior to the Confirmed Price Date only, the Supplier may, by Notice to the Customer, increase the Price of the [Products OR Goods] to reflect any one or more of the following:

        1. 1.1.1

          any increase in cost beyond the Supplier’s reasonable control [insert details, eg ‘including the price of raw materials’, ‘including metals traded on the London Metal Exchange’ or details relating to energy costs and/or climate change

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Jurisdiction(s):
United Kingdom
Key definition:
Variation definition
What does Variation mean?

A change in the works or services to be carried out. This is usually governed by a Change Protocol which sets out parameters for making changes.

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