Common use of Price Reduction Clause in Contracts

Price Reduction. If the Consultant has not succeeded, despite repeated attempts, in curing a defect, the Customer may claim a proportional reduction in the contract price. The price reduction shall compensate for the reduced value of what has been delivered, and shall be independent of any damages.

Appears in 6 contracts

Samples: Consultancy Assistance Agreement, Consultancy Assignment Agreement, Research and Development Agreement

AutoNDA by SimpleDocs

Price Reduction. β€Œ If the Consultant has not succeeded, despite repeated attempts, in curing a defect, the Customer may claim a proportional reduction in the contract price. The price reduction shall compensate for the reduced value of what has been delivered, and shall be independent of any damages.

Appears in 3 contracts

Samples: Consultancy Assistance Agreement, Consultancy Assistance Agreement, Research and Development Agreement

AutoNDA by SimpleDocs

Price Reduction. If the Consultant has not succeeded, despite repeated attempts, in curing a defect, the Customer may claim a proportional reduction in the contract agreed price. The price reduction shall compensate for the reduced value of what has been delivered, and shall be independent of any damages.

Appears in 1 contract

Samples: Project Cooperation Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!