Variat definition
Variat on Notice" requiring the Supplier to provide a quotation for carrying out a variation to the scope, specification or other supply terms of the Goods and/or the Services (including without limitation to flow down contractual requirements arising from any Head Agreements with the Buyer’s customers). Within 10 Business Days of service of a Variation Notice, the Supplier must provide a detailed breakdown of any proposed increase or decrease in the purchase order price as a result of the variation (if any). After 10 business days from service of the Variation Notice, whether or not the price breakdown has been received, the Buyer may direct the Supplier to alter, amend, omit, add to or otherwise vary the scope, specification or other supply terms of the Goods and/or Services and the Buyer will be bound by any such variations. A variation may involve the omission of any part of the supply of the Goods or Services and the Buyer may engage others to perform that part omitted. No variation issued in accordance with the Contract will vitiate or invalidate the Contract. The amount by which the Purchase Order price will be increased or decreased (if any) for each variation must be determined by agreement between the parties or, failing agreement, by a valuation made by the Buyer on the basis of the rates and prices set out in the Purchase Order; or insofar as there are no applicable rates and prices set out in the Purchase Order, by a reasonable valuation made by the Buyer. The Supplier is not entitled to any other payment (pursuant to this Contract or otherwise at law) in relation to any variation.