PROCEDURES AND PRICE Clause Samples
The "Procedures and Price" clause defines the processes to be followed and the pricing terms for the goods or services covered by the agreement. It typically outlines the steps each party must take to initiate, modify, or complete transactions, and specifies how prices are determined, adjusted, or invoiced. For example, it may require written purchase orders, set out timelines for delivery, or detail how price changes are communicated. This clause ensures both parties have a clear understanding of operational steps and financial obligations, reducing the risk of disputes over process or payment.
PROCEDURES AND PRICE. TAFE will supply and invoice MF Heritage Products to AGCO free on board (Indian port) Shipment of products and spare parts shall be directly to appropriate AGCO centres. Payment shall be made by AGCO within 60 days from the ▇▇▇▇ of lading in USD.
PROCEDURES AND PRICE a. The product plan (incl. introduction and styling transition) shall be discussed and mutually agreed both parties in due course in an addendum to become part of this agreement.
b. TAFE will supply and invoice Products to AGCO free on board (Indian port, custom fully cleared).
c. Currency exchange adjustment will be as per the Terms and Conditions Agreement.
d. TAFE will be responsible for Indian line of credit business. AGCO will be responsible for all other lines of credit business. Where direct invoicing is mandatory the payment of commission and dealer service margin to AGCO to be mutually agreed.
e. TAFE will invoice products to AGCO at prices as mentioned in the pricing and payment terms agreement. AGCO and TAFE agree for volume and absorption impacts to be appropriately reflected in future price settings. Product pricing shall be reviewed, concluded and adjusted every 6 months and shall provide for increase/ decrease in material cost..