Common use of Substitutions and Modifications Clause in Contracts

Substitutions and Modifications. Viking reserves the right to make any necessary corrections or changes in the design, part number or nomenclature of Spares covered by an order, to substitute Spares and to adjust prices accordingly, provided that interchangeability is not affected. Viking shall promptly give buyer written notice of corrections, changes, substitutions and consequent price adjustments. Corrections, changes, substitutions and price adjustments which affect interchangeability or exceed the quoted price may be made only with buyer's consent, which consent will conclusively deemed to have been given unless buyer gives Viking, written notice of objection within fifteen (15) days after receipt of Viking's notice, hence giving the right to buyer to cancel the order.

Appears in 2 contracts

Sources: Sales Contract, Sales Contracts