Common use of VARIATION AND CANCELLATION Clause in Contracts

VARIATION AND CANCELLATION. 7.1 Sandvik has the right to direct variations in the Goods ordered without separate compensation to Supplier. Variations may include, but are not limited to, increases or decreases in the quantity, changes in Specifications and execution of the Goods or any part thereof, as well as changes in the delivery schedule. If such variation has a substantial effect for the costs of Supplier, a fair adjustment of the price may be made. If Sandvik has ordered variation of its Purchase Order, Supplier shall honor its obligations arising under the altered order within the delivery time originally provided, unless such variation reasonably requires that Supplier be allowed a later delivery date.

VARIATION AND CANCELLATION. 7.1 Sandvik has the right to direct order variations in the Goods ordered without separate compensation to Supplier. Variations may include, but are not limited to, increases or decreases in the quantity, changes in Specifications and execution of the Goods or any part thereof, as well as changes in the delivery schedule. If such variation has a substantial effect for the costs of Supplier, a fair adjustment of the price may be made. If Sandvik has ordered variation of its Purchase Order, Supplier shall honor its obligations arising under the altered order within the delivery time originally provided, unless such variation reasonably requires that Supplier be allowed a later delivery date.