Common use of Review and Modification Clause in Contracts

Review and Modification. Upon request of either party, both parties will review this Contract in order to determine whether its terms and conditions are still appropriate. The parties agree to renegotiate terms and conditions hereof if it is mutually determined that significant changes in this Contract are necessary. There are no obligations to agree by either party. Modifications to the provisions of this Contract, with the exception of Section 5.1 or 5.2, shall be valid only through execution of a formal written amendment to the Contract.

Review and Modification. Upon request of either party, both parties will review this Contract in order to determine whether its terms and conditions are still appropriate. The parties agree to renegotiate terms and conditions hereof if it is mutually determined that significant changes in this Contract are necessary. There are no obligations to agree by either party. Modifications to the provisions of this Contract, with the exception of Section 5.1 or 5.2, 32 – Contract Management shall be valid only through execution of a formal written amendment to the Contract.

Review and Modification. 1. Upon request of either party, both parties will review this Contract in order to determine whether its terms and conditions are still appropriate. The parties agree to renegotiate terms and conditions hereof if it is mutually determined that significant changes in this Contract Agreement are necessary. There are no obligations to agree by either party. 2. Modifications to the provisions of this Contract, with the exception of Section 5.1 or 5.2XX, Contract Management, shall be valid only through execution of a formal written amendment to the Contract.