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Simple English definitions for legal terms

price-renegotiation clause

Read a random definition: pro majori cautela

A quick definition of price-renegotiation clause:

A price-renegotiation clause is a part of a contract in the oil and gas industry that allows for the price to be changed at certain times or when one of the parties decides to do so. This means that the price of the gas can be renegotiated if certain conditions are met, which can affect the amount of money that is paid for the gas.

A more thorough explanation:

A price-renegotiation clause is a provision in a contract that allows for the renegotiation of prices at a later time or upon the request of one of the parties involved. This type of clause is commonly found in gas contracts in the oil and gas industry.

For example, a gas contract may include a price-renegotiation clause that allows for the price of gas to be renegotiated every six months. This means that after six months, either party can request a renegotiation of the price of gas based on current market conditions or other factors that may affect the price.

Another example of a price-renegotiation clause is one that allows for the price of gas to be renegotiated if there is a significant change in the cost of production or transportation. This type of clause can help ensure that both parties are able to adjust the price of gas to reflect changes in the market or other factors that may impact the cost of production.

Overall, a price-renegotiation clause is an important provision in contracts that involve the sale of goods or services, as it allows for both parties to adjust the price of the goods or services to reflect changes in the market or other factors that may impact the cost of production.

price memorandum | price support

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WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
14:38
I'm too drunk to taste this chicken
Dkk
14:38
Lol, I suck I guess. @babycat
14:40
suck what? (:
Dkk
14:42
suck at predicting
14:43
boooooo
1a2b3c4d26z
14:45
hi guys
1a2b3c4d26z
14:45
how is everyone doing this fine friday
1a2b3c4d26z
14:46
Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)
1a2b3c4d26z
14:46
What is everyone else doing tonight
1a2b3c4d26z
14:47
Besides YM of course
14:47
Yoooo I’m a lifter too
14:47
I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:
babycat
14:48
renard what are you drinking?
BulbasaurNoLikeCardio
14:50
Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.
1a2b3c4d26z
14:51
Renard if you're not drinking margs Im gonna throw hands
14:51
Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor
1a2b3c4d26z
14:51
missing range time :(
1a2b3c4d26z
14:52
That sounds good renard but unfortunately I'll still have to throw hands
Tonight I’m Having a date with this guy who asked me out couple times
BulbasaurNoLikeCardio
14:54
What made you give in and go out after he asked a couple times?
Other failed dates
babycat
14:55
That’ll do it
Question, how many of u would sleep on first date
babycat
14:57
honestly my answer is it depends
babycat
14:57
there has to be a very specific vibe to make me want to do that. not like a regular date
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