Common use of FAST-TRACK CHANGES Clause in Contracts

FAST-TRACK CHANGES. 7.1 The parties acknowledge there may be circumstances where it is desirable to expedite the processes set out above, in order to ensure operational efficiency. 7.2 If both parties agree in relation to a proposed Contract Change that: (a) the Contract Change does not involve any alteration to, or deviation from the contractual principles set out in the Agreement; (b) the total number of Contract Changes in relation to which this fast track procedure has been applied does not exceed four in any 12 month period (or such higher number as the parties may from time to time agree in writing); and (c) the value of the proposed Contract Change does not exceed £10,000 (ten thousand pounds) and the proposed Contract Change is not significant (as determined by Customer acting reasonably), then the parties shall confirm to each other in writing that they shall use the process set out in paragraphs 2 to 6 above but with reduced timescales, such that any period of fifteen (15) Business Days is reduced to five (5) Business Days, any period of ten (10) Business Days is reduced to two (2) Business Days and any period of five (5) Business Days is reduced to one (1) Business Day. 7.3 The parameters set out in paragraph 7.2 may be revised from time to time by agreement between the parties in writing.

Appears in 2 contracts

Sources: Master Service Agreement, Master Service Agreement