Common use of Adjustment of Charges Clause in Contracts

Adjustment of Charges. (a) Unless stated otherwise in the Schedule, all prices contained in this Agreement are subject to an annual increase of the higher of 3% or the retail price index. (b) The Company will notify the Customer of the amount of the adjustment and the date on which such adjustment is to take effect and the Customer shall pay the adjusted rate from such date. (c) The Company also reserves the right at any time prior to performance of the Services (or any instalment), to increase the price to take into account of: i) any factor beyond the Company’s control, including, without limitation, foreign exchange fluctuations, increases in taxes and duties, and increases in labour, parts, materials and other manufacturing costs; ii) any request by the Company to change the delivery date(s), quantities or types of services required; or iii) any delay caused by any instructions of the Customer or failure of the Customer to give the Company adequate or accurate information or instructions. (d) Adjustment in contractual rates will also be made to reflect government legislation, including changes in taxation enacted after the contract start date.