Common use of Future Change in Quality Specifications Clause in Contracts

Future Change in Quality Specifications. The Parties recognize that during the Term there might be significant changes to any of the Specifications due to industry initiative and/or applicable Laws. If Seller anticipates a change in Specifications, it shall inform Buyer of such contemplated change and both Parties will meet and agree on the appropriate Price adjustment which will apply, using principles of market-based pricing as used in this Agreement.

Appears in 4 contracts

Samples: License Agreement, Trademark License Agreement (CST Brands, Inc.), Trademark License Agreement (CST Brands, Inc.)

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