Common use of Prices; Taxes Clause in Contracts

Prices; Taxes. 1.1 Prices are subject to change at any time, except with respect to orders which have been accepted by Seller and outstanding quoted prices which shall be valid for the longer of 10 days or the period specified with the quote. All prices are based on the quantity indicated and are Ex Works (“EXW” - Incoterms 2010) Seller’s facility. Any notice or instruction from the Buyer requesting a change in the quantity, specifications, scope of work, or other terms, will not be effective unless accepted in writing by Seller, including appropriate adjustments to price, specifications, delivery date and other terms. Seller reserves the right to correct errors in pricing due to inaccurate or incomplete information, clerical mistakes or other causes. With regard to long term contracts concluded with Buyer, i.e. especially long term supply contracts, Seller is entitled to regularly adapt its prices based on raw material costs on a pro rata basis upon prior reasonable notice to Buyer. If and to the extent Seller’s other costs for the products increased during any calendar year, Seller may reasonably increase its prices with effect from the first day of January of the next calendar year upon prior reasonable notice to Buyer.