Common use of LONG TERM AGREEMENT Clause in Contracts

LONG TERM AGREEMENT. UNODC/UNDP at its own discretion showed interest to enter into a non-binding Long Term Agreement (LTA) as a result of this procurement process under the following conditions: 1. The supplier/contractor shall provide the types of services, goods and/or deliverables, quoted in this bidding, which shall be reflected in a non-binding Long Term Agreement in the form attached hereto as the "Model Long Term Agreement for the Provision of Goods and/or Services to the United Nations office on Drugs and Crime/ United Nations Development Programme". 2. Such Goods and/or Services shall not be higher than the prices listed in the Price Schedule, and/or Bill of Quantities as applicable, for at least 6 months after entry into force of the LTA, and can be raised with a maximum of 5% per year, after the initial period of 6 months upon the agreement of both parties. 3. UNODC/UNDP does not warrant that any quantity of Goods and/or Services will be purchased during the term of this arrangement. 4. In the event of any advantageous technical changes and/or downward pricing of the Goods and/or Services during the duration of this Agreement, the Supplier/Contractor shall notify UNODC/UNDP immediately. UNODC/UNDP will consider the impact of any such event and may request an amendment to the Long Term Agreement.