Business Expansion/Down-turn Provisions Sample Clauses

Business Expansion/Down-turn Provisions. Another issue associated with the definition of products is the ability to acquire additional products from the vendor at a favorable price. The pricing terms obtained during initial contract negotiation are likely to be the most favorable, as that is when the financial institution's bargaining position is the strongest. To ensure that the financial institution will continue to receive favorable pricing, and to keep costs down, agreements should include a provision for the optional acquisition of additional products in the same (or a related) product line at a specified price or discount from the published list price. Once acquired, those additional products should become part of the definition of the product that is licensed, warranted, and supported under the agreement. For contracts based on usage, you should also include provisions that allow the Licensee to reduce volume based on a business downturn. This may result in higher per-item fees, but should reduce the overall cost of the outsourcing arrangement.
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Related to Business Expansion/Down-turn Provisions

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  • ADDITIONAL SPECIAL CONTRACT CONDITIONS Special Contract Conditions revisions: the corresponding subsections of the Special Contract Conditions referenced below are replaced in their entirety with the following:

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  • Milestone Schedule Please state the status and progress of each Milestone and identify any completed Milestone(s) for the previous calendar quarter.

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