Economic Process Clause Samples

The "Economic Process" clause defines the procedures and mechanisms by which financial transactions, obligations, or calculations are managed within an agreement. Typically, this clause outlines how payments are to be made, how costs are allocated, or how economic adjustments (such as price changes or revenue sharing) are determined between the parties. For example, it may specify the timing of payments, the method for calculating fees, or the process for handling changes in economic conditions. The core function of this clause is to ensure transparency and predictability in the financial aspects of the contract, thereby reducing the risk of disputes and misunderstandings related to economic matters.