Material Increase Sample Clauses
A Material Increase clause defines the circumstances under which a significant escalation in costs, obligations, or liabilities triggers specific rights or actions under a contract. Typically, this clause sets a threshold—such as a percentage increase in expenses or workload—beyond which a party may renegotiate terms, seek additional compensation, or even terminate the agreement. Its core practical function is to protect parties from unforeseen and substantial changes that could unfairly shift the balance of the contract, ensuring that neither side is unduly burdened by unexpected developments.
Material Increase. In the event that due solely to a modification as contemplated under the above Section “Modifications as a Result of Change of Law”, the cost of Services or related third party service is materially increased, Customer may terminate the affected Service by Notice sent to BluIP within forty-five (45) days of the effective date of such change; Cancellation Fees will not be assessed for such termination; provided that all invoices in respect of the Service through such date of termination will be paid in full no later than the date of said termination.