Product's Price Changes Clause Samples

The "Product's Price Changes" clause defines how and when the price of a product may be adjusted during the term of an agreement. Typically, this clause outlines the circumstances under which price changes are permitted, such as fluctuations in raw material costs or changes in market conditions, and may specify requirements like advance written notice to the buyer. Its core practical function is to provide a clear process for handling price adjustments, thereby reducing disputes and ensuring both parties are aware of their rights and obligations regarding pricing.