General Contract Clauses: Index-Based Price Adjustments | Practical Law
Standard Clause setting out a mechanism for adjusting the price of goods or services in a supply, services, or similar agreement, based on an agreed index. This Standard Clause addresses the key factors parties must consider when implementing index-based price adjustments and includes a provision for using an alternative index if the agreed index becomes unavailable or unsuitable. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.