Price Confirmation Sample Clauses
A Price Confirmation clause establishes the agreed-upon price for goods or services between contracting parties. It typically outlines the specific price, the method of confirmation (such as written acknowledgment or electronic communication), and may detail when and how price adjustments can occur. This clause ensures both parties have a clear, mutual understanding of the cost, thereby preventing disputes over pricing and providing a reliable reference point for invoicing and payment.
Price Confirmation. Ericsson shall provide a price confirmation letter for each Order entered by ITC and accepted by Ericsson for Material and/or Services. This price confirmation letter shall reflect all applicable discounts. ITC shall acknowledge acceptance or rejection of the price confirmation letter within thirty (30) days of the date of such letter. A price confirmation letter shall be deemed accepted by ITC if notice of rejection is not given to Ericsson within thirty (30) days of the date of such letter. Upon acceptance, all provisions of the price confirmation letter shall be binding unless mutually agreed upon and delineated in a Change Order. The only Material not governed by price confirmation letters or Order acknowledgements is site specific Material for which ITC is unable to determine quantity until job start, such as the number of cross-connections. Ericsson shall acknowledge all such exclusions in the price confirmation letter or Order acknowledgement and, if available, shall include unit rates for all excluded items. Unless the SOW expressly states otherwise, prices for Services stated in an SOW shall be based on the level of staffing that Ericsson typically employs to render such Services under similar circumstances in locations at which the staffing level is unaffected by the rules or activities of unions, trade guilds, or similar organizations. Accordingly, Customer shall reimburse Ericsson for all costs related to any additional staffing that (i) may be required by the applicable rules of such organizations or (ii), considering the activities of such organizations in the area Ericsson considers reasonably prudent to incur.
Price Confirmation. 8 2.4 Price ........................................................ 8 2.5