Non-Firm Prices definition: Copy, customize, and use instantly
Introduction
The term "Non-Firm Prices" refers to prices that are not fixed or guaranteed, and may be subject to change based on market conditions, availability, or other factors. It is important for addressing pricing uncertainty and allowing flexibility in contracts.
Below are various examples of how "Non-Firm Prices" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Non-Firm Prices" as fluctuating rates
This definition ties "Non-Firm Prices" to rates that can change based on market conditions or other external factors.
"Non-Firm Prices" means prices that are subject to change based on fluctuations in market conditions, availability, or other factors beyond the control of the seller.
Definition of "Non-Firm Prices" as provisional pricing
This definition connects "Non-Firm Prices" to prices that are initially set but may be adjusted later.
"Non-Firm Prices" refers to provisional prices that are provided at the time of agreement, but are subject to adjustment based on future negotiations or market conditions.
Definition of "Non-Firm Prices" as indicative pricing
This definition links "Non-Firm Prices" to indicative prices that provide an estimate but are not guaranteed.
"Non-Firm Prices" means indicative prices that serve as estimates for the purpose of planning but are not fixed and may be revised before the final transaction.
Definition of "Non-Firm Prices" as subject to change
This definition applies "Non-Firm Prices" to prices that can vary before the final purchase or delivery.
"Non-Firm Prices" refers to prices that may vary before the final purchase or delivery of goods or services, depending on changes in supply, demand, or other relevant factors.
Here are 25 examples of how the term "Non-Firm Prices" can be defined in various contract contexts:
Definition of "Non-Firm Prices" as fluctuating rates
This definition ties "Non-Firm Prices" to rates that can change based on market conditions or other external factors.
"Non-Firm Prices" means prices that are subject to change based on fluctuations in market conditions, availability, or other factors beyond the control of the seller.
Definition of "Non-Firm Prices" as provisional pricing
This definition connects "Non-Firm Prices" to prices that are initially set but may be adjusted later.
"Non-Firm Prices" refers to provisional prices that are provided at the time of agreement, but are subject to adjustment based on future negotiations or market conditions.
Definition of "Non-Firm Prices" as indicative pricing
This definition links "Non-Firm Prices" to indicative prices that provide an estimate but are not guaranteed.
"Non-Firm Prices" means indicative prices that serve as estimates for the purpose of planning but are not fixed and may be revised before the final transaction.
Definition of "Non-Firm Prices" as subject to change
This definition applies "Non-Firm Prices" to prices that can vary before the final purchase or delivery.
"Non-Firm Prices" refers to prices that may vary before the final purchase or delivery of goods or services, depending on changes in supply, demand, or other relevant factors.
Definition of "Non-Firm Prices" as based on supplier discretion
This definition ties "Non-Firm Prices" to the discretion of the supplier, allowing flexibility in pricing decisions.
"Non-Firm Prices" means prices set at the discretion of the supplier, which may be adjusted or amended without prior notice based on operational conditions or other influencing factors.
Definition of "Non-Firm Prices" as variable rates
This definition applies "Non-Firm Prices" to rates that can vary according to certain criteria.
"Non-Firm Prices" refers to rates that may change based on variables such as market conditions, production costs, or inventory levels.
Definition of "Non-Firm Prices" as estimates
This definition connects "Non-Firm Prices" to prices given as estimates, but subject to change.
"Non-Firm Prices" means prices provided as estimates that are subject to change based on the final costs incurred by the seller.
Definition of "Non-Firm Prices" as price adjustment mechanisms
This definition links "Non-Firm Prices" to contracts that include mechanisms for adjusting the price.
"Non-Firm Prices" refers to prices that include a provision for adjustments based on changes in cost, market conditions, or other factors affecting the contract.
Definition of "Non-Firm Prices" as non-binding quotations
This definition applies "Non-Firm Prices" to quotations that are not legally binding.
"Non-Firm Prices" means price quotations that are non-binding, with the final price to be determined at a later date based on actual conditions.
Definition of "Non-Firm Prices" as subject to renegotiation
This definition ties "Non-Firm Prices" to terms that are subject to renegotiation based on new circumstances.
"Non-Firm Prices" refers to prices that are subject to renegotiation in the event of significant changes in market conditions, material costs, or other variables.
Definition of "Non-Firm Prices" as estimated for budgeting purposes
This definition connects "Non-Firm Prices" to preliminary pricing intended for budgeting.
"Non-Firm Prices" means prices provided for the purpose of budgeting, which may change once actual costs are determined or as the market fluctuates.
Definition of "Non-Firm Prices" as based on projected costs
This definition links "Non-Firm Prices" to pricing based on projected costs.
"Non-Firm Prices" refers to prices that are based on projected costs, which may differ from the final prices once actual costs are confirmed.
Definition of "Non-Firm Prices" as dependent on future events
This definition applies "Non-Firm Prices" to prices dependent on future events or developments.
"Non-Firm Prices" means prices that are contingent on future events, such as changes in raw material prices, regulatory requirements, or market demand.
Definition of "Non-Firm Prices" as tentatively agreed rates
This definition ties "Non-Firm Prices" to rates that are tentatively agreed upon but not confirmed.
"Non-Firm Prices" refers to rates that have been tentatively agreed upon, but remain subject to revision based on future conditions or negotiation outcomes.
Definition of "Non-Firm Prices" as changeable upon notification
This definition connects "Non-Firm Prices" to prices that may change with appropriate notice.
"Non-Firm Prices" means prices that can be modified upon notification, reflecting changes in underlying costs or external factors.
Definition of "Non-Firm Prices" as not guaranteed
This definition links "Non-Firm Prices" to the absence of a price guarantee.
"Non-Firm Prices" refers to prices that are not guaranteed and may be subject to increase or decrease depending on future market conditions.
Definition of "Non-Firm Prices" as preliminary quotes
This definition applies "Non-Firm Prices" to quotes given prior to final agreement.
"Non-Firm Prices" means preliminary quotes provided before the completion of negotiations, with the understanding that prices may change during the contracting process.
Definition of "Non-Firm Prices" as flexible price terms
This definition ties "Non-Firm Prices" to price terms that allow for flexibility.
"Non-Firm Prices" refers to price terms that are flexible, allowing adjustments based on changes in external or internal conditions.
Definition of "Non-Firm Prices" as variable pricing arrangements
This definition connects "Non-Firm Prices" to pricing that is variable based on specific factors.
"Non-Firm Prices" means variable pricing arrangements that may fluctuate due to factors such as supply chain changes or inflationary pressures.
Definition of "Non-Firm Prices" as under review
This definition links "Non-Firm Prices" to prices under review and subject to alteration.
"Non-Firm Prices" refers to prices that are under review and subject to alteration based on changes in circumstances, cost structures, or market conditions.
Definition of "Non-Firm Prices" as provisional rates
This definition applies "Non-Firm Prices" to rates that are subject to confirmation.
"Non-Firm Prices" means provisional rates that are subject to confirmation at a later date, with the understanding that the final prices may differ.
Definition of "Non-Firm Prices" as not fixed
This definition ties "Non-Firm Prices" to prices that are not fixed and can change.
"Non-Firm Prices" refers to prices that are not fixed, allowing them to be adjusted based on market developments, cost changes, or other factors.
Definition of "Non-Firm Prices" as to be agreed upon
This definition connects "Non-Firm Prices" to prices that will be finalized later.
"Non-Firm Prices" means prices that are yet to be agreed upon and may be subject to change depending on future negotiations or conditions.
Definition of "Non-Firm Prices" as provisional estimates
This definition links "Non-Firm Prices" to estimates given before a firm price is set.
"Non-Firm Prices" refers to provisional estimates provided before a final price is set, acknowledging the possibility of future price changes.
Definition of "Non-Firm Prices" as indicative of future pricing
This definition applies "Non-Firm Prices" to pricing indicative of future costs.
"Non-Firm Prices" means pricing provided as an indication of future costs, which may vary depending on unforeseen changes in supply or demand.
Definition of "Non-Firm Prices" as flexible quotes
This definition ties "Non-Firm Prices" to quotes that are flexible and adjustable.
"Non-Firm Prices" refers to quotes that are flexible, allowing for adjustments based on future market conditions or supplier costs.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.