Common use of Buyer Changes Clause in Contracts

Buyer Changes. Upon written notice to Seller, Buyer from time to time may direct changes in design specifications relating to any order for product(s) placed thereunder. Within 30 days of receipt of Buyer's change notice, Seller shall deliver to Buyer a quotation (or a request for an extension beyond 30 days) detailing the impact of such change, if any, on price, lead-times, and ability to manufacture the product(s). Buyer retains the right to accept or reject any such quotation. Rejection of any such quotation shall have the effect of suspending Buyer's change notice. All quotations required of Seller under this paragraph 6.1 shall include only those net price increases made necessary because of Buyer's changes. All price savings resulting from buyer's changes shall be shared equally by Buyer and Seller for 12 months. After 12 months all price savings resulting from Buyer's changes will be passed on to the Buyer.

Buyer Changes. Upon written notice to Seller, Buyer from time to time may direct changes in design specifications specifications, or manufacturing processes relating to any order for product(s) placed thereunder. Within 30 days of receipt of Buyer's change notice, Seller shall deliver to Buyer a quotation (or a request for an extension beyond 30 days) detailing the impact of such change, if any, on price, lead-times, and ability to manufacture the product(sproduct (s). Buyer retains the right to accept or reject any such quotation. Rejection of any such quotation shall have the effect of suspending Buyer's change notice. All quotations required of Seller under this paragraph 6.1 shall include only those net price cost increases made necessary because of Buyer's changes. All price cost savings resulting from buyer's changes shall be shared equally by Buyer and Seller for 12 months. After 12 months all price cost savings resulting from Buyer's changes will be passed on to the Buyer.