Common use of Pricing Errors Clause in Contracts

Pricing Errors. All prices are subject to correction of clerical errors. If total order quantity is partially cancelled, all prior shipments will be billed at the actual quantity released. Prices are subject to change without notice. For their own convenience, some buyers who are distributors follow the practice of placing prices, discounts and terms on their purchase orders, with the expectation that Seller will verify such prices, discounts and terms before accepting and entering the order. Such verification would cause unnecessary clerical work and delay. Correct prices, discounts and terms on goods are a matter of record with buyers who are distributors; therefore, in accepting orders, Seller does so with the understanding and agreement that Goods will be billed at the correct prices, discounts and terms, even though incorrect prices, discounts or terms may appear on buyer’s purchase order.