Common use of Price Quotations Clause in Contracts

Price Quotations. Price quotations always state the net price and always rely on information previously communicated. The prices quoted and the quantities are based on data and information provided by the Client to Orac. If particular details which are provided by the Client and which are important for the setting of the price and quantities, do not appear to be realistic, Orac is entitled i) to make an appropriate amendment to the agreed prices and quantities or, at its option, ii) to cancel the agreement at the expense of the Client if the implementation of the modified order appears to be impossible. Unless otherwise agreed expressly and in writing, price quotations shall be valid for a period of one month from the date when they are notified, after which they shall expire automatically and irrevocably. If all or part of the costs that influence the price rise due to circumstances beyond the control of Orac, then Orac is entitled, by means of a simple notification, to charge the Client a proportionate price increase.