Net Adjustments Sample Clauses

The Net Adjustments clause defines how financial modifications are calculated and applied to a contract or agreement, typically by offsetting certain amounts to arrive at a final figure. In practice, this clause specifies which costs, credits, or deductions are included in the calculation, such as adjustments for overpayments, underpayments, or changes in scope. Its core function is to ensure that all relevant financial factors are considered, resulting in a fair and accurate settlement between the parties.