Common use of Licensor Requested Change Clause in Contracts

Licensor Requested Change. If a Change Request is submitted by Licensor to GE, the Change Request shall, to the extent known at the time of request, provide a detailed explanation of the impact that the proposed changes will have on the scope, delivery schedule, project resources, billable fees/travel expenses and any other items that Licensor knows or reasonably believes the Change Request will impact (each an “Impact Analysis”). If a complete and final Impact Analysis cannot be specified in its Change Request, Licensor shall so indicate on the Change Request, including a detailed explanation of the basis of the inability of Licensor to so determine and the date by which the Impact Analysis will be provided to GE. GE shall expressly indicate its acceptance or rejection of the Change Request after it has received the complete and final Impact Analysis from Licensor. If GE rejects a Licensor Change Request and doesn’t provide a counter-proposal in whole or in part, GE shall provide Licensor with its rationale for rejecting the Change Request.