The _____ Clause of a Contract Specifies Terms Such as "Current

question 102

Multiple Choice

The _____ clause of a contract specifies terms such as "current price," "prior price," and other criteria that determine how or if prices will be adjusted over the course of the contract.

• A)force majeure
• B)most favored customer
• C)key performance indicators and compensation
• D)payment
• E)intellectual property

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Definitions:

Significant Investments

Major financial commitments made by a company or individual, often aiming to achieve long-term benefits or gains.

Short Term

Relating to or occurring on a brief or immediate timescale, typically within a year or less.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Additional Risk

New or increased levels of exposure to potential loss or damage, which could impact an entity’s operations, finances, or reputation.