VALUE DETERMINED BY Sample Clauses

The "VALUE DETERMINED BY" clause establishes the method or criteria by which the value of a particular asset, service, or obligation will be calculated under the agreement. Typically, this clause specifies whether the value will be set by an independent appraiser, a market index, a formula, or another objective standard. For example, it might state that the value of goods delivered will be determined by the average market price on a certain date, or that the value of a property will be set by a mutually agreed-upon expert. This clause ensures both parties have a clear, agreed-upon process for valuation, reducing the risk of disputes and providing predictability in contractual dealings.