This office lease clause specifically states the availability of electricity, the pricing, the quantity and the quality of the electricity provided to the demised premises.
Price Fall Clause In Contract
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How to Write an Amendment to a ContractRead the Original Contract. Read the contract that you wish to amend.Describe the Contract. Define the contract the addendum will change.List the Deletions.List the Modifications.Replace Clauses.Write in New Items.Confirm the Original Contract.Add Signature Blocks.
In the absence of a standard definition, the Fall Clause could generally be described as a legally enforceable assurance to the buyer that it would not end up paying more than the price at which the same vendor may have sold or be selling a similar product to another government-sector buyer under a separate contract.
(pra026as 02ccv025b0259r026a02c8e026a02830259n kl025402d0z ) law. a clause in a contract allowing the seller to vary the selling price under certain conditions.
Usually, contract clauses are found towards the end of the contract after the requisite elements of a business contract (the offer, acceptance, consideration, and legalities) have been addressed. Here are some common clauses and some examples of contracts that you'll find them in.
Price Variation Clause (PVC) shall be applicable only for Contracts of value as prescribed by the Ministry of Railway through instruction/circulars issued from time to time and irrespective of the contract completion period.
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This clause may be contained in a building contract. This Section contains the general clauses to be applied in all contracts.1.3 CONTRACT PRICE shall mean the price payable to the. Seller under the Contract for the full and proper performance of his contractual obligations. 1.4. 2 hereof (Fall Claus Certificate). Arrangements fall into two major groups: cost reimbursement or fixed price.