Pricing Validation Clause Samples
The Pricing Validation clause establishes the process by which the prices set forth in an agreement are reviewed and confirmed for accuracy and compliance. Typically, this clause allows one or both parties to verify that the pricing aligns with agreed terms, market standards, or regulatory requirements, and may outline steps for resolving discrepancies, such as requiring supporting documentation or conducting audits. Its core practical function is to ensure transparency and fairness in pricing, thereby reducing the risk of disputes and protecting both parties from errors or intentional mispricing.
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Pricing Validation. The foregoing provisions for conducting audits shall not be construed to preclude Division or any Purchaser from conducting regular, limited in scope reviews of charges by Vendor for purchases under this Agreement to validate accurate invoicing, and requesting that Vendor correct any inaccurate invoices discovered by such review. Vendor shall also have the right to conduct regular, limited in scope reviews of any amounts charged by Division (such as Rebates) under this Agreement to validate accurate invoicing, and requesting that Division correct any inaccurate invoices discovered by such review. The Parties acknowledge that any reviews under this Section 14.4.6 shall be conducted via data exchange between Division or Purchaser and Vendor, and shall not be conducted on the premises of a Party or a Purchaser. In addition, the Parties agree that the above limited reviews shall only be undertaken when the Party or Purchaser requesting the review has a good faith dispute with a particular invoice.
Pricing Validation. The foregoing provisions for conducting audits shall not be construed to preclude Division or any Purchaser from conducting limited-in- scope reviews of charges by Vendor for purchases under this Agreement to validate accurate invoicing, and requesting that Vendor correct any inaccurate invoices discovered by such review. For clarification purposes, such reviews will not be conducted at Vendor’s premises or offices.
Pricing Validation. The foregoing provisions for conducting audits shall not be construed to preclude HPG or any Purchaser from conducting limited-in-scope reviews of charges by Vendor for purchases under this Agreement to validate accurate invoicing, and requesting that Vendor correct any inaccurate invoices discovered by such review. For clarification purposes, such reviews will not be conducted at Vendor’s premises or offices.