Aviation Catering Services Framework Agreement Template
A framework agreement defining long-term catering services, safety standards, pricing rules, and delivery requirements.
Price changes
The Price Changes clause specifies the conditions under which the price of goods or services in a contract may be adjusted, including factors like market fluctuations, currency exchange rates, or cost of materials. It often outlines the notice requirements and processes for implementing such changes to ensure transparency and agreement between the parties involved.
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5 Price changes examples
- Description
The market-driven value changes adjustment for RMBS and other Agency securities represents unexpected price changes for the referenced period. As defined, the calculation of IXM includes modeled price changes that are measured daily based on a “Realized Forwards” methodology, which includes the assumption that spreads, forward interest rates, shape of the term structure and volatility factored into the previous day ending fair value are unchanged. Unexpected price changes represent the differences between (a) actual spreads, forward interest rates, shape of the term structure and volatility, and (b) the spreads, forward interest rates, shape of the term structure and volatility that were factored into the previous day ending fair value. Unexpected price changes are measured daily and used to determine the portion of actual market price changes not attributable to modeled price changes. The reported market-driven value changes adjustment for RMBS and other Agency securities is the sum of all daily unexpected price changes for the referenced period.
- Description
Non-government mortgage securities may offer higher yields than those issued by government entities, but also may be subject to greater price changes than government issues.
- Description
The fund's share price changes daily based on changes in market conditions and interest rates and in response to other economic, political, or financial developments.
- Description
Price changes will be implemented with shipments.
- Description
AITX and Robotic Assistance Devices Announces Price Changes for Some Security Robots Detroit, Michigan, January 31, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that RAD will implement price changes across four solutions offerings effective the start of the Company’s next fiscal year, March 1, 2023. Price increases range from 18% to 29% for three solutions. Furthermore, one solution will have a price decrease of 17%.
What is Price Changes?
Price changes refer to the adjustments made to the cost of goods or services. These adjustments can be due to various factors including market fluctuations, inflation, changes in demand and supply, or alterations in production costs. Price changes can be temporary or permanent and can occur for both wholesale and retail prices.
When Should I Use Price Changes?
You should consider implementing price changes in the following scenarios:
- Inflation Adjustments: When there’s a significant change in the economy that affects purchasing power.
- Market Competition: To remain competitive with rivals who have adjusted their prices.
- Cost Variations: Changes in production or procurement costs.
- Product Lifecycle: End-of-season sales or new product launches.
- Demand and Supply Shifts: When there’s an observed change in the availability of goods or consumer interest.
How Do I Write Price Changes?
Writing price changes clearly and effectively is crucial to ensure understanding and transparency. Here’s a basic structure on how to announce price changes:
Start with a Clear Subject Line (if in a communication):
- “Upcoming Price Adjustment on [Product/Service]”
Introduction:
- Briefly state what the communication is about.
Example:
We are writing to inform you about upcoming changes to our product pricing.
Explain the Reason:
- Offer a rationale for the changes.
Example:
Due to increased production costs, we find it necessary to adjust our prices to continue delivering high-quality products.
State the Changes:
- Clearly specify which products or services are affected and what the new prices will be.
When It Will Take Effect:
- Provide a clear date that the new prices will be implemented.
Example:
The updated pricing will take effect starting March 1, 2024.
Closing and Support Information:
- Thank customers for their understanding and provide contact info for inquiries.
Example:
Thank you for your continued support. For any questions, please contact our support team at [contact information].
Which Contracts Typically Contain Price Changes?
Price changes are often stipulated within various types of contracts, including but not limited to:
- Supply Contracts: These may have clauses that allow for price adjustments based on market conditions or cost changes.
- Service Agreements: In long-term service agreements, there may be provisions for adjusting prices due to inflation or changes in scope.
- Lease Agreements: These can include escalation clauses that allow for rent adjustments over time.
- Subscription Services: Contracts for ongoing services often include terms about price lock periods or future price adjustments.
Understanding and clearly negotiating the terms of price changes in contracts can help both parties manage expectations and maintain healthy business relationships.
Templates refrencing "Price changes"
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More Clauses from the Library
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
Price escalation
A price escalation clause is a contractual provision that allows for the adjustment of the contract price in response to changes in market conditions or specific cost factors, such as inflation or increased material costs. This clause is typically implemented to ensure both parties can manage financial risks when costs fluctuate beyond their control.
Pricing grid
A pricing grid clause outlines a structured framework for determining the cost of goods or services based on specific variables, such as volume, tiers, or market conditions. It provides clarity and flexibility in pricing by aligning costs with predefined criteria, ensuring transparency and adjustability over the contract's duration.
Prior inventions
The "Prior Inventions" clause typically outlines any inventions or intellectual property that an employee developed before joining a company, which are excluded from the company’s claim of ownership over inventions created during the term of employment. This clause serves to protect both the employee's rights to their pre-existing inventions and the company's rights over anything developed on their time and resources.
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