{"component": "clause", "props": {"groups": [{"samples": [{"hash": "8Ne343F6GAo", "uri": "/contracts/8Ne343F6GAo#contract-adjustment", "label": "Contract", "score": 33.1210632324, "published": true}, {"hash": "9F4b6zvtBR0", "uri": "/contracts/9F4b6zvtBR0#contract-adjustment", "label": "Contract", "score": 32.6693992615, "published": true}, {"hash": "fDgZXbd7Ofe", "uri": "/contracts/fDgZXbd7Ofe#contract-adjustment", "label": "Contract", "score": 32.0918121338, "published": true}], "snippet": "The modification accepting the VECP (or a subsequent modification issued as soon as possible after any negotiations are completed) shall--\n(1) Reduce the contract price or estimated cost by the amount of instant contract savings, unless this is an incentive contract;\n(2) When the amount of instant contract savings is negative, increase the contract price, target price and ceiling price, target cost, or estimated cost by that amount;\n(3) Specify the Contractor's dollar share per unit on future contracts, or provide the lump-sum payment;\n(4) Specify the amount of any Government costs or negative instant contract savings to be offset in determining net acquisition savings realized from concurrent or future contract savings; and\n(5) Provide the Contractor's share of any net acquisition savings under the instant contract in accordance with the following:\n(i) Fixed-price contracts--add to contract price.\n(ii) Cost-reimbursement contracts--add to contract fee.", "snippet_links": [{"key": "the-modification", "type": "clause", "offset": [0, 16]}, {"key": "subsequent-modification", "type": "clause", "offset": [42, 65]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [73, 92]}, {"key": "the-contract-price", "type": "definition", "offset": [150, 168]}, {"key": "estimated-cost", "type": "definition", "offset": [172, 186]}, {"key": "target-price", "type": "clause", "offset": [358, 370]}, {"key": "ceiling-price", "type": "definition", "offset": [375, 388]}, {"key": "target-cost", "type": "clause", "offset": [390, 401]}, {"key": "the-contractor", "type": "clause", "offset": [449, 463]}, {"key": "future-contracts", "type": "definition", "offset": [491, 507]}, {"key": "the-lump", "type": "clause", "offset": [520, 528]}, {"key": "negative-instant-contract-savings", "type": "definition", "offset": [592, 625]}, {"key": "net-acquisition-savings", "type": "definition", "offset": [654, 677]}, {"key": "in-accordance-with", "type": "definition", "offset": [828, 846]}, {"key": "price-contracts", "type": "clause", "offset": [872, 887]}, {"key": "to-contract", "type": "clause", "offset": [893, 904]}, {"key": "reimbursement-contracts", "type": "definition", "offset": [922, 945]}, {"key": "contract-fee", "type": "clause", "offset": [954, 966]}], "size": 21, "hash": "14c251c47a51e6b5b2ba16b4c814b78e", "id": 1}, {"samples": [{"hash": "hUwc63EY3mE", "uri": "/contracts/hUwc63EY3mE#contract-adjustment", "label": "Professional Agreement", "score": 22.2436695099, "published": true}, {"hash": "3aKXdEzeOQ4", "uri": "/contracts/3aKXdEzeOQ4#contract-adjustment", "label": "Professional Agreement", "score": 21.9192333221, "published": true}, {"hash": "cdQSWsgoY1Y", "uri": "/contracts/cdQSWsgoY1Y#contract-adjustment", "label": "Professional Agreement", "score": 21.3524990082, "published": true}], "snippet": "A teacher contract will be based on the teacher\u2019s experience and college preparation. Accredited hours submitted on or before the first (1st) day of September will be used to determine salary placement for that school year. Facsimiles will be accepted with the original to follow by September 15th.", "snippet_links": [{"key": "teacher-contract", "type": "clause", "offset": [2, 18]}, {"key": "based-on", "type": "definition", "offset": [27, 35]}, {"key": "the-teacher", "type": "definition", "offset": [36, 47]}, {"key": "college-preparation", "type": "clause", "offset": [65, 84]}, {"key": "day-of", "type": "clause", "offset": [142, 148]}, {"key": "to-determine", "type": "clause", "offset": [172, 184]}, {"key": "salary-placement", "type": "definition", "offset": [185, 201]}, {"key": "school-year", "type": "clause", "offset": [211, 222]}, {"key": "will-be-accepted", "type": "clause", "offset": [235, 251]}, {"key": "original-to", "type": "definition", "offset": [261, 272]}, {"key": "by-september", "type": "clause", "offset": [280, 292]}], "size": 5, "hash": "a218d18b5bfe3a1734426df597b5636a", "id": 2}, {"samples": [{"hash": "Qc1Y2IEO6A", "uri": "/contracts/Qc1Y2IEO6A#contract-adjustment", "label": "Service Agreement", "score": 25.8637924194, "published": true}, {"hash": "fjJ4AdkOvZY", "uri": "/contracts/fjJ4AdkOvZY#contract-adjustment", "label": "Service Agreement", "score": 25.3846683502, "published": true}], "snippet": "Contract Adjustment No. enter number Under Agreement Number enter number Between Broward County and Provider Legal Name Change Type:", "snippet_links": [{"key": "agreement-number", "type": "definition", "offset": [43, 59]}, {"key": "broward-county", "type": "definition", "offset": [81, 95]}, {"key": "change-type", "type": "definition", "offset": [120, 131]}], "size": 3, "hash": "a247809c9fad7249b0493b5625ea47ed", "id": 3}, {"samples": [{"hash": "e7N5TBVQSBZ", "uri": "/contracts/e7N5TBVQSBZ#contract-adjustment", "label": "Gas Sale and Purchase Agreement (IC Power Pte. Ltd.)", "score": 25.8343601227, "published": true}, {"hash": "c08wAVOao5D", "uri": "/contracts/c08wAVOao5D#contract-adjustment", "label": "Gas Sale and Purchase Agreement (IC Power Pte. Ltd.)", "score": 25.6618747711, "published": true}], "snippet": "2.10.1 If at any time following the Effective Date a Price Control Event occurs, the Sellers may, at their sole and absolute discretion, within twelve (12) months from such occurrence, by written notice to the Buyer, request a review and a reasonable and appropriate adjustment of the relevant term or terms of this Agreement in a way that preserves the commercial balance of the Parties pursuant to this Agreement as at the date prior to such Price Control Event (the \u201cContract Adjustment\u201d). For the avoidance of doubt, [***].\n2.10.2 Within thirty (30) Days after the Sellers request for a Contract Adjustment, the Buyer and the Sellers shall meet and negotiate in good faith the Contract", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [10, 21]}, {"key": "following-the-effective-date", "type": "clause", "offset": [22, 50]}, {"key": "price-control-event", "type": "definition", "offset": [53, 72]}, {"key": "the-sellers", "type": "clause", "offset": [81, 92]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [107, 135]}, {"key": "notice-to-the-buyer", "type": "clause", "offset": [196, 215]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [302, 325]}, {"key": "of-the-parties", "type": "clause", "offset": [373, 387]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [388, 414]}, {"key": "prior-to", "type": "definition", "offset": [430, 438]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [493, 519]}, {"key": "within-thirty", "type": "clause", "offset": [535, 548]}, {"key": "days-after", "type": "definition", "offset": [554, 564]}, {"key": "request-for", "type": "clause", "offset": [577, 588]}, {"key": "buyer-and-the", "type": "clause", "offset": [616, 629]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [653, 676]}, {"key": "the-contract", "type": "definition", "offset": [677, 689]}], "size": 2, "hash": "6944ec5f8aa4d9ca439f1aa973fdb34f", "id": 4}, {"samples": [{"hash": "2SsV49kL2D8", "uri": "/contracts/2SsV49kL2D8#contract-adjustment", "label": "Purchase General Terms & Conditions", "score": 32.9942588806, "published": true}, {"hash": "gO5dBKvkhW3", "uri": "/contracts/gO5dBKvkhW3#contract-adjustment", "label": "Purchase General Terms & Conditions", "score": 32.3601722717, "published": true}], "snippet": "As promptly as feasible, and not more than thirty (30) days from a Buyer Change, Seller may submit to Buyer a calculation of Seller\u2019s actual and reasonable direct costs (excluding overhead and mark-up) incurred or to be incurred as a result of the change, together with supporting documentation and analyses. The Buyer and the Seller will negotiate in good faith on an equitable adjustment of price (up or down) or other relevant Contract terms, provided that if Buyer and Seller are unable to agree on an adjustment after good faith negotiations, Buyer shall make the determination whether or not to approve such a request. Buyer\u2019s determination shall be final. Seller will be deemed to have waived its right to an adjustment if it fails to timely submit the required information.", "snippet_links": [{"key": "to-buyer", "type": "definition", "offset": [99, 107]}, {"key": "of-seller", "type": "clause", "offset": [122, 131]}, {"key": "direct-costs", "type": "definition", "offset": [156, 168]}, {"key": "supporting-documentation", "type": "definition", "offset": [270, 294]}, {"key": "seller-will", "type": "clause", "offset": [327, 338]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [339, 362]}, {"key": "adjustment-of-price", "type": "clause", "offset": [379, 398]}, {"key": "contract-terms", "type": "clause", "offset": [430, 444]}, {"key": "provided-that", "type": "definition", "offset": [446, 459]}, {"key": "buyer-and-seller", "type": "definition", "offset": [463, 479]}, {"key": "good-faith-negotiations", "type": "clause", "offset": [523, 546]}, {"key": "buyer-shall", "type": "clause", "offset": [548, 559]}, {"key": "the-determination", "type": "clause", "offset": [565, 582]}, {"key": "to-approve", "type": "clause", "offset": [598, 608]}, {"key": "right-to", "type": "definition", "offset": [704, 712]}, {"key": "required-information", "type": "clause", "offset": [760, 780]}], "size": 2, "hash": "a2f2ad72942b678320d03ea4317da5fa", "id": 5}, {"samples": [{"hash": "2INkMSeKgk4", "uri": "/contracts/2INkMSeKgk4#contract-adjustment", "label": "Additional Standard Terms and Conditions for Purchase Orders", "score": 35.4093055725, "published": true}, {"hash": "jdDXgSO2rjN", "uri": "/contracts/jdDXgSO2rjN#contract-adjustment", "label": "Additional Standard Terms and Conditions for Purchase Orders", "score": 35.3976211548, "published": true}], "snippet": "The modification accepting the VECP (or a subsequent modification issued as soon as possible after any negotiations are completed) shall-\n(1) Reduce the contract price or estimated cost by the amount of instant contract savings, unless this is an incentive contract;\n(2) When the amount of instant contract savings is negative, increase the contract price, target price and ceiling price, target cost, or estimated cost by that amount;\n(3) Specify the Contractor\u2019s dollar share per unit on future contracts, or provide the lump-sum payment;\n(4) Specify the amount of any Government costs or negative instant contract savings to be offset in determining net acquisition savings realized from concurrent or future contract savings; and\n(5) Provide the Contractor\u2019s share of any net acquisition savings under the instant contract in accordance with the following:\n(i) Fixed-price contracts-add to contract price.\n(ii) Cost-reimbursement contracts-add to contract fee.\n(i) Concurrent and future contract savings.\n(1) Payments of the Contractor\u2019s share of concurrent and future contract savings shall be made by a modification to the instant contract in accordance with paragraph (h)(5) of this clause. For incentive contracts, shares shall be added as a separate firm-fixed- price line item on the instant contract. The Contractor shall maintain records adequate to identify the first delivered unit for 3 years after final payment under this contract.\n(2) The Contracting Officer shall calculate the Contractor\u2019s share of concurrent contract savings by-", "snippet_links": [{"key": "the-modification", "type": "clause", "offset": [0, 16]}, {"key": "subsequent-modification", "type": "clause", "offset": [42, 65]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [73, 92]}, {"key": "the-contract-price", "type": "definition", "offset": [149, 167]}, {"key": "estimated-cost", "type": "definition", "offset": [171, 185]}, {"key": "target-price", "type": "clause", "offset": [357, 369]}, {"key": "ceiling-price", "type": "definition", "offset": [374, 387]}, {"key": "target-cost", "type": "clause", "offset": [389, 400]}, {"key": "future-contracts", "type": "definition", "offset": [490, 506]}, {"key": "the-lump", "type": "clause", "offset": [519, 527]}, {"key": "negative-instant-contract-savings", "type": "definition", "offset": [591, 624]}, {"key": "net-acquisition-savings", "type": "definition", "offset": [653, 676]}, {"key": "in-accordance-with", "type": "definition", "offset": [827, 845]}, {"key": "price-contracts", "type": "clause", "offset": [871, 886]}, {"key": "to-contract", "type": "clause", "offset": [891, 902]}, {"key": "reimbursement-contracts", "type": "definition", "offset": [920, 943]}, {"key": "contract-fee", "type": "clause", "offset": [951, 963]}, {"key": "of-the-contractor", "type": "clause", "offset": [1022, 1039]}, {"key": "modification-to", "type": "clause", "offset": [1109, 1124]}, {"key": "this-clause", "type": "clause", "offset": [1185, 1196]}, {"key": "incentive-contracts", "type": "clause", "offset": [1202, 1221]}, {"key": "a-separate", "type": "definition", "offset": [1248, 1258]}, {"key": "line-item", "type": "clause", "offset": [1277, 1286]}, {"key": "the-contractor-shall", "type": "clause", "offset": [1312, 1332]}, {"key": "maintain-records", "type": "clause", "offset": [1333, 1349]}, {"key": "final-payment", "type": "definition", "offset": [1414, 1427]}, {"key": "under-this-contract", "type": "clause", "offset": [1428, 1447]}, {"key": "contracting-officer", "type": "clause", "offset": [1457, 1476]}, {"key": "calculate-the", "type": "clause", "offset": [1483, 1496]}, {"key": "concurrent-contract", "type": "definition", "offset": [1519, 1538]}], "size": 2, "hash": "0946a33c1ded0814cfd31ae4224da6bf", "id": 6}, {"samples": [{"hash": "4W1goRBnp5Y", "uri": "/contracts/4W1goRBnp5Y#contract-adjustment", "label": "Construction Agreement", "score": 33.5099716187, "published": true}, {"hash": "4e0lo9QNZk9", "uri": "/contracts/4e0lo9QNZk9#contract-adjustment", "label": "Construction Contract", "score": 33.4967689514, "published": true}], "snippet": "If Contractor claims that it is entitled to damages, an extension of the Contract Time, or an adjustment of the Contract Price, for any reason, then Contractor must deliver a written claim to Owner. Such claims may include, but are not limited to, any act or neglect of Owner or Owner\u2019s Representative or employee, unknown physical conditions encountered at the site, hazardous environmental conditions encountered at the site, conditions which differ materially from those indicated in the Contract Documents, or any inaccurate or improper material representations by the Contract Documents.", "snippet_links": [{"key": "contractor-claims", "type": "clause", "offset": [3, 20]}, {"key": "the-contract-time", "type": "clause", "offset": [69, 86]}, {"key": "adjustment-of-the-contract-price", "type": "clause", "offset": [94, 126]}, {"key": "for-any-reason", "type": "clause", "offset": [128, 142]}, {"key": "contractor-must", "type": "clause", "offset": [149, 164]}, {"key": "written-claim", "type": "definition", "offset": [175, 188]}, {"key": "to-owner", "type": "clause", "offset": [189, 197]}, {"key": "not-limited", "type": "clause", "offset": [232, 243]}, {"key": "owner-or-owner", "type": "definition", "offset": [270, 284]}, {"key": "physical-conditions", "type": "definition", "offset": [323, 342]}, {"key": "the-site", "type": "clause", "offset": [358, 366]}, {"key": "hazardous-environmental-conditions", "type": "clause", "offset": [368, 402]}, {"key": "the-contract-documents", "type": "definition", "offset": [487, 509]}, {"key": "material-representations", "type": "clause", "offset": [541, 565]}], "size": 2, "hash": "d0bf77202f4c8a8522b101c772a9ee08", "id": 7}, {"samples": [{"hash": "dMTTtFnALV2", "uri": "/contracts/dMTTtFnALV2#contract-adjustment", "label": "Federal Contract Provisions", "score": 27.899181366, "published": true}, {"hash": "eOoapMismx", "uri": "/contracts/eOoapMismx#contract-adjustment", "label": "Federal Contract Provisions", "score": 23.4503765106, "published": true}], "snippet": "Notwithstanding any other term or condition of this Agreement, any settlement or equitable adjustment due to termination, suspension or delays by the Owner shall be negotiated based on the cost principles stated at 48 CFR Subpart 31.2 and conform to the Contract pricing provisions of 24 CFR 85.36(f).", "snippet_links": [{"key": "other-term", "type": "clause", "offset": [20, 30]}, {"key": "condition-of", "type": "clause", "offset": [34, 46]}, {"key": "this-agreement", "type": "clause", "offset": [47, 61]}, {"key": "any-settlement", "type": "clause", "offset": [63, 77]}, {"key": "equitable-adjustment", "type": "definition", "offset": [81, 101]}, {"key": "the-owner-shall", "type": "clause", "offset": [146, 161]}, {"key": "based-on", "type": "definition", "offset": [176, 184]}, {"key": "cost-principles", "type": "clause", "offset": [189, 204]}, {"key": "provisions-of", "type": "clause", "offset": [271, 284]}], "size": 2, "hash": "80d430d6f8d40e0df74b1174bf6b2b71", "id": 8}, {"samples": [{"hash": "8X5YRr8zqqa", "uri": "/contracts/8X5YRr8zqqa#contract-adjustment", "label": "Data Processing Agreement", "score": 24.8247776031, "published": true}, {"hash": "f3dH3UczcIJ", "uri": "/contracts/f3dH3UczcIJ#contract-adjustment", "label": "Data Processing Agreement", "score": 22.7015743256, "published": true}], "snippet": "Should it become necessary, for imperative legal reasons, to make changes or supplements to this contract, the partners of this agreement will immediately establish agreement on the required changes or additions.", "snippet_links": [{"key": "make-changes", "type": "clause", "offset": [61, 73]}, {"key": "this-contract", "type": "clause", "offset": [92, 105]}, {"key": "the-partners", "type": "clause", "offset": [107, 119]}, {"key": "this-agreement", "type": "clause", "offset": [123, 137]}, {"key": "changes-or-additions", "type": "clause", "offset": [191, 211]}], "size": 2, "hash": "2521abfb81078e24d6efc3484d0304b8", "id": 9}, {"samples": [{"hash": "hJyDKYH7beV", "uri": "/contracts/hJyDKYH7beV#contract-adjustment", "label": "Contract (AeroVironment Inc)", "score": 20.0, "published": true}], "snippet": "The modification accepting the VECP (or a subsequent modification issued as soon as possible after any negotiations are completed) shall\u2014\n(1) Reduce the contract price or estimated cost by the amount of instant contract savings, unless this is an incentive contract;\n(2) When the amount of instant contract savings is negative, increase the contract price target price and ceiling price, target cost, or estimated cost by than amount;\n(3) Specify the Contractor\u2019s dollar share per unit on future contracts, or provide the lump-sum payment:\n(4) Specify the amount of any Government costs or negative instant contract savings to be offset in determining net acquisition savings realized from concurrent or future contract savings; and\n(5) Provide the Contractor\u2019s share of any net acquisition savings under the instant contract in accordance with the following:\n(i) Fixed-price contracts\u2014add to contract price.\n(ii) Cost-reimbursement contracts\u2014add to contract fee.\n(i) Concurrent and future contract savings.\n(1) Payments of the Contractor\u2019s share of concurrent and future contract savings shall he made by a modification to the instant contract in accordance with subparagraph (h)(5) above. For incentive contracts, shares shall be added as a separate firm-fixed-price line item on the instant contract. The Contractor shall maintain records adequate to identify the first delivered unit for 3 years after final payment under this contract.\n(2) The Contracting Officer shall calculate the Contractor\u2019s share of concurrent contract savings by (i) subtracting from the reduction in price negotiated on the concurrent contract any Government costs or negative instant contract savings not yet offset and (ii) multiplying the result by the Contractor\u2019s sharing rate.\n(3) The Contracting Officer shall calculate the Contractor\u2019s share of future contract savings by (i) multiplying the future unit cost reduction by the number of future contract units scheduled for delivery during the sharing period, (ii) subtracting any Government costs or negative instant contract savings not yet offset, and (iii) multiplying the result by the Contractor\u2019s sharing rate.\n(4) When the Government wishes and the Contractor agrees, the Contractor\u2019s share of future contract savings may be paid in a single lump sum rather than in a series of payments over time as future contracts are awarded. Under this alternate procedure, the future contract savings may be calculated when the VECP is accepted, on the basis of the Contracting Officer\u2019s forecast of the number of units that will be delivered during the sharing period. The Contractor\u2019s share shall be included in a modification to this contract (see subparagraph (h)(3) above) and shall not be subject to subsequent adjustment.\n(5) Alternate no-cost settlement method. When, in accordance with subsection 48.104-4 of the Federal Acquisition Regulation, the Government and the Contractor mutually agree to use the no-cost settlement method, the following applies:\n(i) The Contractor will keep all the savings on the instant contract and on its concurrent contracts only.\n(ii) The Government will keep all the savings resulting from concurrent contracts placed on other sources, savings from all future contracts, and all collateral savings.", "snippet_links": [{"key": "the-modification", "type": "clause", "offset": [0, 16]}, {"key": "subsequent-modification", "type": "clause", "offset": [42, 65]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [73, 92]}, {"key": "the-contract-price", "type": "definition", "offset": [149, 167]}, {"key": "estimated-cost", "type": "definition", "offset": [171, 185]}, {"key": "target-price", "type": "clause", "offset": [356, 368]}, {"key": "ceiling-price", "type": "definition", "offset": [373, 386]}, {"key": "target-cost", "type": "clause", "offset": [388, 399]}, {"key": "future-contracts", "type": "definition", "offset": [489, 505]}, {"key": "the-lump", "type": "clause", "offset": [518, 526]}, {"key": "negative-instant-contract-savings", "type": "definition", "offset": [590, 623]}, {"key": "net-acquisition-savings", "type": "definition", "offset": [652, 675]}, {"key": "in-accordance-with", "type": "definition", "offset": [826, 844]}, {"key": "price-contracts", "type": "clause", "offset": [870, 885]}, {"key": "to-contract", "type": "clause", "offset": [890, 901]}, {"key": "reimbursement-contracts", "type": "definition", "offset": [919, 942]}, {"key": "contract-fee", "type": "clause", "offset": [950, 962]}, {"key": "of-the-contractor", "type": "clause", "offset": [1021, 1038]}, {"key": "modification-to", "type": "clause", "offset": [1108, 1123]}, {"key": "incentive-contracts", "type": "clause", "offset": [1195, 1214]}, {"key": "a-separate", "type": "definition", "offset": [1241, 1251]}, 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[3196, 3209]}, {"key": "collateral-savings", "type": "clause", "offset": [3254, 3272]}], "size": 2, "hash": "8bf5a8ce8574dabe392919f9a8ed874e", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihxjb250cmFjdC1hZGp1c3RtZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["", ""], ["\u2587\u2587\u2587\u2587-fees", "\u2587\u2587\u2587\u2587 Fees"], ["remedies", "Remedies"], ["notice", "Notice"], ["government-rights-and-remedies", "GOVERNMENT RIGHTS AND REMEDIES"]], "parents": [["content-of-contractors-certification", "Content of Contractor's certification"], ["subcontracts", "Subcontracts"], ["contractor-initiated-changes-claims", "Contractor Initiated Changes (Claims)"], ["period-of-agreement-and-commissioning", "Period of Agreement and Commissioning"], ["purchase-price", "Purchase Price"]], "title": "Contract adjustment", "size": 74, "id": "contract-adjustment", "related": [["contract-adjustment-payments", "Contract Adjustment Payments", "<strong>Contract Adjustment</strong> Payments"], ["cpi-adjustment", "CPI Adjustment", "CPI Adjustment"], ["cost-adjustments", "Cost Adjustments", "Cost Adjustments"], ["price-adjustment", "Price Adjustment", "Price Adjustment"], ["market-adjustment", "Market Adjustment", "Market Adjustment"]], "related_snippets": [], "updated": "2025-07-10T05:58:13+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A contract adjustment clause allows for modifications to the terms of an agreement in response to specific changes or unforeseen circumstances. This clause typically outlines the conditions under which adjustments can be made, such as changes in scope, cost increases, or regulatory updates, and may specify the process for negotiating and approving these changes. Its core practical function is to provide flexibility and ensure that the contract remains fair and workable for all parties if circumstances change after the agreement is signed."}, "json": true, "cursor": ""}}