Contract Renegotiations Clause Samples
The Contract Renegotiations clause establishes the process and conditions under which the parties may revisit and modify the terms of their agreement. Typically, this clause outlines triggers for renegotiation, such as significant changes in law, market conditions, or unforeseen circumstances, and may specify timelines or procedures for initiating discussions. Its core function is to provide a structured mechanism for adapting the contract to changing circumstances, thereby reducing the risk of disputes and ensuring the agreement remains fair and relevant over time.
Contract Renegotiations. A good faith effort will be made to complete renegotiation of the center’s current contract within eight weeks following the date of expiration of the contract; the current contract will remain in effect until the new contract is completed. By mutual consent of Small Faces and the Union, the contract may be opened for renegotiation at any time.