Price Increase Protection Clause Samples
The Price Increase Protection clause serves to safeguard a party from unexpected or excessive price hikes during the term of an agreement. Typically, this clause sets limits on how much and how often prices for goods or services can be raised, sometimes tying increases to an external index or requiring advance notice before any adjustment. Its core function is to provide cost predictability and financial stability, ensuring that the buyer is not exposed to sudden or unreasonable increases in expenses.
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Price Increase Protection. In the event OMP increases the Price on any Product, any orders for such Product which are received by OMP before the effective date of the Price increase shall be invoiced at the previous, or lower Price. Price protection will be extended to Distributor by OMP for the purpose of satisfying Customer purchase agreements and binding quotations which Distributor has in force on the effective date of the Price increase, which Distributor cannot satisfy from its inventories, for the period remaining on such purchase agreements and binding quotations. In order to obtain price protection, within thirty (30) days of notification of the Price increase, Distributor shall provide documentation to OMP on such purchase agreements and binding quotations, acceptable to OMP.
Price Increase Protection. Any orders from Distributor for Products or Related Products which are received by ZO SKIN HEALTH prior to the effective date of a price increase shall be invoiced at the previous price. Price protection will be extended to Distributor by ZO SKIN HEALTH for the purpose of satisfying legally binding Customer purchase agreements and quotations for Products or Related Products with Distributor which are in force on the effective date of the price increase. In order to obtain price protection, Distributor must provide ZO SKIN HEALTH with satisfactory documentation of such purchase agreement or binding quotation, prior to the effective date of the price increase.