Reasonable Price Clause Samples
The Reasonable Price clause establishes that the price for goods or services, when not explicitly stated in the contract, will be determined based on what is fair and customary under the circumstances. In practice, this means that if the parties have not agreed on a specific price, the amount charged should reflect prevailing market rates or what similar goods or services typically cost. This clause ensures that neither party is unfairly advantaged or disadvantaged by the absence of a set price, providing a clear standard for resolving disputes over payment and promoting fairness in contractual dealings.
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Reasonable Price. No more than reasonable prices will be paid for any goods or services financed, in whole or in part, under the Agreement. Such items will be procured on a fair and, to the maximum extent practicable, competitive basis.
Reasonable Price. Where we intend to charge an additional fee under clause 3.4(b), the parties, or we and the Organisation as the case may be, will enter into good faith negotiations to determine a reasonable price for the additional functionality.
Reasonable Price. No more than reasonable prices shall be paid for any goods or services financed, in whole or in part, under· the Loari, as more fully described in Implementation Letters. Such items shall be procured on a fair· basis in atcordance with pro cedures therefor prescribed in Implementation Letters.
Reasonable Price. Maker will say the K did not set a price. However, where the parties leave price to be fixed at the time of performance - and where the parties fail to agree on a price - the court will set a reasonable price on the services.