Implementation of Price Changes Sample Clauses
The 'Implementation of Price Changes' clause defines the process by which adjustments to pricing are communicated and applied within a contractual relationship. Typically, this clause outlines the required notice period that one party must provide before new prices take effect, and may specify the method of notification, such as written notice or electronic communication. Its core practical function is to ensure transparency and predictability in pricing, allowing both parties to prepare for and respond to changes, thereby reducing the risk of disputes or unexpected financial impact.
Implementation of Price Changes. Cost Plus Method (Traditional):
Implementation of Price Changes. 6.1 Once a price variation has been agreed by both Parties pursuant to this Schedule 6 the new Contract Price shall take effect within thirty (30) days of the date of agreement, or such other period as is agreed by the Parties.
Implementation of Price Changes. The Parties will review the Price for each FWA Product as specified in Exhibit 1 unless agreed otherwise by the Parties. If a Price for an FWP Product will change after such review, the Parties will agree on the implementation date of such change. Agreed upon changes to the Price shall be documented as set forth in the revised Costed BOM; and set forth in a new or amended Order. The Parties shall meet quarterly unless otherwise agreed by the Parties to implement any price changes pursuant to the methodologies set forth in Exhibit 2. Agreed upon changes shall be set forth in a new or amended Order for any affected FWA Products