COST OF EVALUATION Sample Clauses
The "Cost of Evaluation" clause defines which party is responsible for bearing the expenses associated with assessing or reviewing a particular aspect of the contract, such as the quality of goods, services, or compliance with specifications. Typically, this clause specifies whether the buyer, seller, or a third party will pay for inspections, testing, or expert evaluations required during the contract's execution. By clearly allocating financial responsibility for evaluation activities, the clause helps prevent disputes over unexpected costs and ensures that both parties understand their obligations regarding assessment-related expenses.
COST OF EVALUATION. 7.1 ExTR, CoC, PCAR, CoPC, and EFOC Fee. UL Contracting Party’s Quotation or Project Confirmation will establish the price for the Services. The price will depend upon the type and scope of Service(s) requested. Any Quotation or Project Confirmation is subject to change at UL Contracting Party‘s discretion, upon reasonable notice to the Client, due to any additional project specific requirements or scope changes.
COST OF EVALUATION. The cost of an evaluation hereunder shall be borne 50% by the Licensee and 50% by the University.