Framework Approach Sample Clauses

The Framework Approach clause establishes a general structure or set of principles that will govern future agreements or transactions between the parties. Instead of detailing every specific term upfront, this clause allows the parties to reference a master agreement or set of standard terms that will apply to subsequent, individual contracts or orders. For example, a supplier and customer might agree on a framework for pricing, delivery, and dispute resolution, with each new purchase order simply referencing the framework rather than renegotiating terms. This approach streamlines negotiations, ensures consistency across multiple transactions, and reduces the administrative burden of drafting new agreements for each deal.