Funding Changes Term Changes Clause Samples

The 'Funding Changes, Term Changes' clause establishes the procedures and conditions under which modifications to the financial arrangements or the duration of an agreement can be made. Typically, this clause outlines how parties may request adjustments to funding amounts or project timelines, often requiring mutual written consent or adherence to specific notice periods. Its core function is to provide a clear and agreed-upon process for handling changes in scope or resources, thereby reducing disputes and ensuring both parties can adapt to evolving circumstances during the contract term.