WAP Clause Samples
The WAP (Weighted Average Price) clause defines how the price of a product or service is determined based on the average price over a specified period, weighted by volume or another relevant factor. In practice, this means that instead of using a single spot price or fixed price, the contract price is calculated by averaging prices over time, with higher volumes or more significant transactions having a greater impact on the final price. This approach helps to smooth out price volatility and ensures that both parties are protected from sudden market fluctuations, providing a fair and transparent pricing mechanism.
WAP. Customer will pay the applicable MRCs and NRCs for “Wireless LAN Management,” “Security Appliance Management,” and/or “Switch Management” (the wireless LAN access points, security appliances and switches subject to such Management hereinafter collectively referred to as “WAP”) based on the size of WAP. WAP models not identified below are “non-standard CPE.” Verizon may impose different terms for WFB Service than it provides for non-standard CPE, or decline to provide WFB Service for non-standard CPE in whole or in part, at its sole discretion.
WAP. The mobile service website must contain a section entitled “Rules” that clearly defines the rules of the service and contains information about the service provider, how to order and cancel the service, and number and e-mail of the client support centre. A user willing to order a service must click on the link “I have familiarized myself with the rules and would like to subscribe to the service”. When the user clicks on the link, the order for the service is registered. Having ordered the service successfully, the beneficiary of the service receives a feedback SMS message with information about the successfully ordered service and the main conditions thereof: name, rates, client support number, and link to the service website. Sample feedback SMS message: “You subscribed to the service ‘name of service’. The price of the service is ‘X’ LTL for ‘Y’ days. For more information, see ▇▇▇.▇▇▇▇▇▇▇▇.▇▇ (▇▇▇.▇▇▇▇▇▇▇▇.▇▇) or call 852xxxxxx.” 3.2.1. Model rules of subscribed WAP services: FRONT PAGE OF THE SERVICE RULES OF THE SERVICE PRODUCT Rules Help RULES I agree with the rules and would like to become a subscriber SERVICE Description of the service PRICES It is a subscribed service. The subscription fee is X LTL for 5 days. The subscription fee is billed automatically by informing the subscriber with a free SMS message. CANCELLATION OF THE SERVICE You can cancel the subscription on the front page or here by clicking cancel subscription. SUBSCRIPTION TERM I agree with the rules and would like to become a subscriber The service provider can also provide additional information, which is not presented here, related to the service provided. All information in paragraphs 3.1.1 and 3.2.1 has to be presented to the users of the services.