Delayed Products Clause Samples
The Delayed Products clause defines the procedures and responsibilities when the delivery of products is not completed within the agreed timeframe. Typically, this clause outlines the notification requirements, potential remedies such as penalties or alternative arrangements, and any exceptions that may apply, such as delays caused by force majeure events. Its core practical function is to allocate risk and provide a clear framework for addressing late deliveries, thereby minimizing disputes and ensuring both parties understand their rights and obligations in the event of a delay.
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Delayed Products. In the event the delivery of a Product is delayed beyond the originally scheduled delivery date of such Product, and such delay occurs on or after the date that allows the adjustment of the Price pursuant to Section 3.4.1 above, such adjustment will not apply.
Delayed Products. In the event the delivery of Product is delayed, Supplier shall not escalate the Price of such delayed Product, pursuant to this Agreement, past the originally scheduled delivery date of such delayed Product.