Renegotiation Right Clause Samples
A Renegotiation Right clause grants one or both parties the ability to request changes to the terms of an agreement under certain circumstances. Typically, this right is triggered by significant changes in law, market conditions, or other unforeseen events that materially affect the contract's performance or value. For example, if regulatory requirements shift, a party may invoke this clause to revisit pricing or delivery obligations. The core function of this clause is to provide flexibility and a structured process for adapting the contract to changing circumstances, thereby reducing the risk of disputes or contract breakdowns when external factors impact the original agreement.
Renegotiation Right. In the event of legislative action as interpreted by the Superintendent of Public Instruction, The Attorney General’s Office or the State Auditor, the District reserves the right to renegotiate this provision.
Renegotiation Right. Avaya may, by written notice to Artera given at least three months after the Effective Date, demand that Artera negotiate with Avaya in good faith regarding possible amendments to all or any part of this Agreement, including the term hereof. Any such amendments to which the parties agree shall take effect immediately upon such agreement, including immediate (but not retroactive) effect with respect to then existing Subscribers. In the event that such renegotiation is demanded but the parties do not reach
Renegotiation Right of the Distribution Agreement is hereby deleted, and is replaced with "[DELETED]" so as to preserve the numbering scheme of Article 2 of the Distribution Agreement.