Non-PETRO-COMPETITIVE PRICING Clause Samples
The Non-PETRO-COMPETITIVE PRICING clause establishes that the pricing terms in the agreement are not to be benchmarked or adjusted based on prices of petroleum or petroleum-related products. In practice, this means that fluctuations in oil or gas markets will not affect the agreed-upon prices for the goods or services covered by the contract, regardless of any external changes in energy markets. This clause is designed to provide price stability and predictability, protecting both parties from volatility in the petroleum sector and ensuring that the contract's pricing remains insulated from unrelated market forces.
Non-PETRO-COMPETITIVE PRICING. If LICENSEE is able to make the LICENSED PRODUCT available to OWNER at MFN PRICING, but does not sell to OWNER at PETRO-COMPETITIVE PRICING, then the COMMERCIAL PATENT LICENSE will become a non-exclusive, royalty-bearing license limited to the existing commercial plants in each REGION. LICENSEE will pay OWNER a RUNNING ROYALTY at the stepped rates set forth in Table 3.8.