Common use of Changes by Company Clause in Contracts

Changes by Company. If COMPANY at any time requests a change to Product; (i) such change shall be incorporated within the Master Batch Record and/or Specifications via a written PCR reviewed and agreed upon by both DPT and COMPANY; (ii) the parties shall mutually agree on a price adjustment of Product, if necessary, and Schedule A shall be amended accordingly; and (iii) COMPANY shall pay DPT for the costs associated with such change including, but not limited to, any additional development work required, charged at DPT’s then-prevailing R&D rates.