Changes to Partner Prices Clause Samples
The "Changes to Partner Prices" clause defines the process and conditions under which a party may modify the prices charged to its partners. Typically, this clause outlines the required notice period before new prices take effect and may specify limitations on the frequency or magnitude of price changes. Its core function is to provide transparency and predictability in pricing, helping both parties manage expectations and plan for potential cost adjustments.
Changes to Partner Prices. 5.1. At three-month intervals, beginning three months after the Effective Date and continuing thereafter throughout the Term, the Partner Prices may change as Section 5.3 provides.
5.2. At annual intervals, beginning at the start of the first Renewal Term and recurring on the first day of each successive Renewal Terms, the Partner Prices may change as Section 5.3 provides.
5.3. Defendify will give notice to Partner of any change in Partner Prices at least 30 days before such new prices take effect. Such notice may be by email, by updating the Portal or by any other written means agreed by the parties, and will contain the date on which the change will occur (the "Change Date"). If Partner does not then notify Defendify of Partner's intention to terminate this Agreement at least 14 days before the Adjustment Date, Partner will be deemed to have agreed to the changed prices and this Agreement will be deemed modified to reflect such changed prices.