Common use of Costs of Goods Clause in Contracts

Costs of Goods. The Parties acknowledge and agree that in the event an unforeseen cost arises that is not specified below, they shall negotiate in good faith whether such cost is an allowable cost. For the purpose of calculating the cost of Product a standard costing approach is to be applied in accordance with the Accounting Standard. The following types of expenses shall be included:

Appears in 5 contracts

Samples: Agreement, Agreement (PTC Therapeutics, Inc.), Agreement (PTC Therapeutics, Inc.)

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