Common use of Hardship Clause Clause in Contracts

Hardship Clause. Without prejudice to clauses 3.2 and 13, the Parties shall negotiate in good faith modifications to the Contract, if the performance of the Contract becomes excessively onerous for the Supplier due to an event beyond the Supplier’s reasonable control such as major changes in production, raw material, energy, labor or transport costs, general price list increases, exchange rate fluctuations, changes in law or applicable engineering standards, necessary suspensions or modifications of the Supply as well as any further changes beyond Supplier’s sphere of influence. If an agreement concerning such modification is not achieved within four weeks after the Supplier has notified the Customer in writing that it wishes to modify the Contract (or any appendix) pursuant to this clause 20, the Supplier may terminate the Contract with immediate effect.