PRICE REGULATION PRINCIPLE Sample Clauses
The Price Regulation Principle clause establishes the rules and mechanisms for determining and adjusting the prices of goods or services under a contract. Typically, it outlines how prices are set initially, the conditions under which they may be revised (such as changes in market indices or input costs), and the process for implementing such adjustments. This clause ensures that both parties have a clear, fair, and predictable method for handling price changes, thereby reducing disputes and maintaining the contract’s economic balance over time.
PRICE REGULATION PRINCIPLE. Licensor endeavors to ensure that our prices are stable and competitive. The total annual price that the Licensee pays for the System can be adjusted by Licensor with 30 days' notice. Licensor undertakes that the maximum price adjustment is limited by the development in Statistics Denmark's net price index since the previous price regulation. The maximum percentage price adjustment is calculated as (New Index - Old Index)/Old Index * 100, where x Old Index is the net price index that was valid for the month when the latest price adjustment was announced x New Index is the latest published net price index at the time the price adjustment is announced It should be noted that the individual elements included in the Licensee's solution may be adjusted with a larger percentage, but the total annual price for the Licensee does not change by more than this calculated maximum.
PRICE REGULATION PRINCIPLE. Microbizz fees are adjusted annually with effect from invoicing in January. The adjustment is a minimum of 3% and is limited by the development in Statistics Denmark's net price index since the previous price adjustment. The maximum percentage price adjustment is calculated as (New Index - Old Index)/Old Index * 100, where • Old Index is the net price index that was valid for the month when the latest price adjustment was announced • New Index is the latest published net price index at the time the price adjustment is announced