Settled Deleted Price Clause Samples

The "Settled Deleted Price" clause defines the agreed-upon price for goods or services that have been removed or deleted from a contract after initial agreement but before completion. In practice, this clause specifies how the price adjustment is calculated when certain items are no longer required, often referencing a schedule of rates or a mutually agreed formula. Its core function is to ensure both parties have a clear, fair method for adjusting the contract value, thereby preventing disputes over payment for deleted work and maintaining transparency in contract modifications.