Supply Pricing Clause Samples
The Supply Pricing clause defines how the prices for goods or services provided under the agreement are determined and managed. It typically outlines whether prices are fixed, subject to adjustment, or based on external benchmarks, and may specify procedures for price changes, such as notice requirements or periodic reviews. This clause ensures both parties have a clear understanding of the cost structure, reducing the risk of disputes over pricing and providing predictability for budgeting and financial planning.
Supply Pricing. MEDA shall exclusively purchase Product from EpiCept at a price of *** per vial subject to adjustment as per Exhibit F, and on the terms and conditions set forth therein and in the Supply Agreement to be negotiated in accordance with the provisions of Section 3.5.
Supply Pricing. Schedule 8.1 sets forth the price Buyer will pay Supplier for Product Units as well as the Monthly Payment (as defined in Schedule 8.1). If Buyer sources any raw or packaging materials pursuant to Section 4.1, the price for such Product Unit shall be decreased by an amount directly corresponding to the materials sourced as agreed by the parties.
Supply Pricing. DURECT shall provide any Licensed Products or components thereof designated in Section 5.2 (“DURECT Manufactured Products”) pursuant to a Supply Agreement. The parties will negotiate a Supply Agreement defining the products to be supplied by DURECT and the terms and conditions of such supply. Such Supply Agreement shall include, without limitation: [***]
Supply Pricing. As soon as practicable, but in any event prior to [***], the Parties will agree upon and enter into one or more clinical supply agreement(s) on reasonable and customary terms for the supply of API or Clinical Samples by Perception to Otsuka for use in Development in the Otsuka Territory (“Supply Agreement”). Each Supply Agreement will contain reasonable and customary terms for clinical supply and will also include the terms and conditions in this Article 7, shipment and delivery terms on a FCA Origin (Incoterms 2020) basis, and reasonable payment terms following shipment of API or Clinical Samples, as applicable, and Otsuka’s receipt of invoices and required documentation therefor. In addition to, or as part of, each Supply Agreement, the Parties will agree upon and enter into a quality technical agreement (“Quality Agreement”) containing reasonable and customary terms and conditions regarding quality assurance, quality control and compliance with GLP, GCP and GMP (as applicable). Perception shall supply API and Clinical Samples, as applicable, to Otsuka at a price equal to [***] [***] [***]. Perception shall have sole discretion with respect to any amendments to any agreements with CMO(s) existing as of the Effective Date; provided that Perception shall not amend any such agreement in a manner that would have a significant negative impact on Otsuka without the prior consent of Otsuka, not to be unreasonably withheld, conditioned or delayed. For clarity, any such amendment that would result in a significant increase in the supply price for API or Clinical Samples shall be considered to have a significant negative impact on Otsuka.
Supply Pricing