Common use of Changes in Market Conditions Clause in Contracts

Changes in Market Conditions. In the event of any change to the market conditions which are beyond Seller’s reasonable control (including without limitation any raw material price increase, shortage, energy surcharge, labor cost, production cost, effect of currencies exchange rates, new tariffs) and representing a price increase compared with the initial Quotation, Seller reserves the right to regularize the situation by adjusting the invoiced price to Buyer. Seller will notify Buyer in writing accordingly

Changes in Market Conditions. In the event of any change to the market conditions which are beyond Seller’s reasonable control (including without limitation any raw material price increase, shortage, energy surcharge, labor cost, production cost, effect of currencies exchange rates, new tariffs) and representing a price increase compared with the initial Quotation, Seller reserves the right to regularize the situation by adjusting the invoiced price to Buyer. Seller will notify Buyer in writing accordingly.