[{"data":1,"prerenderedAt":516},["ShallowReactive",2],{"document-price-setting-D1407":3},{"document":4,"label":21,"preview":11,"thumb":22,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":23,"breadcrumb":27,"related":35,"customDescModule":169,"customdescription":6,"mdFm":170,"mdProseHtml":515},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"PRICE SETTING Worksheet Things to Consider When Price Setting You should consider setting prices above your competitor's prices if… Yes No ? Your market is not sensitive to price changes. Your market consists mainly of growing commercial customers. Your product is an integral part of an established system. Your reputation for status, service, and other positive perceptions in the market increases your products' perceived value. Your customers can easily build your price into their selling price. Your product is only a tiny percentage of your customers' total costs. You should consider setting your prices just below your competition if… Your market is very sensitive to price changes. Your customers need to reorder parts or supplies. Your business is small enough that a lower price will not threaten your larger competitors and start a price war. You have the option of economical production runs which decrease your unit cost. You have not reached full production capacity. Estimating Demand 1. Which products/services do customers shop around for? 2. 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NUMBER: Contact: Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code___________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Ship To:","Purchase Order","1",49,"https://templates.business-in-a-box.com/imgs/1000px/purchase-order-D1411.png","https://templates.business-in-a-box.com/imgs/250px/1411.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1411.xml",{"title":6,"description":6},[94,96],{"label":18,"url":95},"sales-marketing",{"label":97,"url":98},"Bids & Quotes","bids-quotes","purchase order","/template/purchase-order-D1411",{"description":102,"descriptionCustom":6,"label":103,"pages":104,"size":105,"extension":10,"preview":106,"thumb":107,"svgFrame":108,"seoMetadata":109,"parents":110,"keywords":114,"url":115},"SUPPLY AGREEMENT This Supply Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Supplier\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WITNESSETH: WHEREAS [YOUR COMPANY NAME] currently supplies and distributes [SPECIFY] (the \"Product\"); WHEREAS [YOUR COMPANY NAME], for the price and subject to the terms and conditions contained herein, is prepared to sell and deliver to the Purchaser, on an ongoing basis and as its exclusive supplier, and the Purchaser is prepared to buy on this basis from [YOUR COMPANY NAME], all of the Purchaser's Product requirements; NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND AGREEMENTS HERETO CONTAINED AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, DULY RECEIVED, THE PARTIES HERETO AGREE AS FOLLOWS: 1. DEFINITIONS AND INTERPRETATION 1.1 Whenever used in this Agreement, the schedules thereto, or any ancillary document thereto, the following terms, unless the subject matter or context otherwise requires, shall have the following meanings: 1.1.1 \"Agreement\" means or refers to this Agreement as amended from time to time and any indenture, agreement or instrument supplemental or ancillary hereto or in implementation hereof; 1.1.2 \"Business Day\" means any day excluding Saturday, Sunday and any other day which in [STATE/PROVINCE], [COUNTRY] is a legal holiday or a day on which financial institutions are authorized by law or by local proclamation to close; 1.1.3 \"Person\" means any individual, company, corporation, partnership, firm, trust, sole proprietorship, government or entity howsoever designated or constituted; and 1.1.4 \"Product\" means or refers to [SPECIFY] sold pursuant to this Agreement. 1.2 Words importing the singular number include the plural and vice versa and words importing the masculine gender include the feminine and neuter genders. 1.3 The division of this Agreement into articles and insertion of headings is for convenience and reference only and shall not affect the construction or interpretation of this Agreement. 1.4 All dollar amounts referred to in this Agreement are in lawful money of [COUNTRY]. 1.5 The preamble hereto forms an integral part of this Agreement. 2. SALE AND PURCHASE OF PRODUCTS [YOUR COMPANY NAME] hereby agrees and undertakes to sell to the Purchaser, and the Purchaser agrees and undertakes to purchase from [YOUR COMPANY NAME], for the price and subject to the terms and conditions contained herein, the total requirements of Product needed by the Purchaser for its day-to-day manufacturing and distributing activities during the term of this Agreement. At the date of signing of the present Agreement, the Purchaser estimates its requirements for the current year at $[AMOUNT] of Product. 3. ORDERS AND DELIVERY OF PRODUCTS 3.1 Each order for Products purchased pursuant to this Agreement shall be in writing and shall be sent to the address of the party selling the Products by mail or by fax or in such other manner expressly agreed upon between the interested parties. 3.2 Unless otherwise expressly agreed upon between the parties or as provided in Section 4, the party selling the Products shall be responsible and shall pay for the delivery, to the other party at its address hereinabove mentioned, of such Products sold hereunder. 3.3 Unless otherwise expressly agreed upon between the parties, delivery of the Products purchased hereunder shall be completed within seven Business Days of the receipt, by the party selling the Products, of the written order for such Products. 3.4 In the event that a party fails to deliver any Products requested in an order within the period provided in subsection 3.3 hereinabove, the purchasing party shall be entitled to purchase, from any person, a quantity of Products equal to quantity of Products specified in such order. In such a case, the purchasing party shall be entitled to cancel the order for the Products specified in the order. The purchasing party shall, at the same time an order is made to an other person pursuant to this subsection, send to the other party, a copy of such order indicating the quantity and the price of the Products so purchased. 3.5 The title to the Products sold hereunder shall pass from the selling party to the purchasing party upon complete payment of the purchase price of the Products mentioned in Section 4 hereinafter. The risks of lost or damage to such Products sold hereunder shall pass from the selling party to the purchasing party at the date of the delivery of the Products. 3.6 Each party shall insure the Products purchased by it hereunder for the period starting on the date of receipt of the Products and terminating when complete payment for such Products is made and, upon request, shall provide the other party with the documents evidencing that the Products are so insured. 4. PRICE OF PRODUCTS 4.1 For the initial term of this Agreement stipulated in sub-section 6.1 hereinafter, the price of the Product sold by [YOUR COMPANY NAME] to the Purchaser hereunder shall be [SPECIFY PRICING SCHEME]. 4.2 The prices of the Products sold pursuant to this Agreement during any subsequent term provided for in sub-section 6.1 hereinafter shall be mutually agreed upon by the parties hereunder. 4.3 The prices of the Products determined pursuant to this section 4 shall be delivered prices and shall be increased by the amount of any taxes or other governmental charges payable with respect to the sale of the Products (other than income tax, business or real property taxes) now in effect or becoming effective after the date thereof. 5. TERMS OF PAYMENT 5.1 Each party shall pay to the other party at its address hereinabove mentioned, within [NUMBER] calendar days from the date of receipt of the Products purchased, the price for such Products as determined pursuant to section 4 hereinabove. 5.2 The price of the Products purchased hereunder will be discounted by [PERCENTAGE %] if complete payment for the Products is made within [NUMBER] calendar days of receipt by the purchasing party. 5.3 The Purchaser agrees to pay a monthly interest charge on overdue amounts for Products purchased hereunder calculated on the basis of an annual rate of interest equal to the prime rate in effect on the due date of payment, plus [PERCENTAGE % IN LETTERS] percent (PERCENTAGE %]). 6. TERM OF AGREEMENT 6.1 Subject to the provisions of sub-sections 6.2 to 6.4 hereinafter, this Agreement shall be in force for an initial term of one year commencing on the date of signature. This Agreement shall be automatically renewed for additional [NUMBER IN LETTERS] ([NUMBER]) year terms unless either party terminates it upon written notice given to the other party at least [NUMBER] calendar days prior to the end of the initial term or of any subsequent terms. 6.2 Notwithstanding the provisions of sub-section 6.1, this Agreement shall be automatically terminated in the event that the parties hereto fail to agree in writing, at the latest on the thirtieth day preceding the beginning of any subsequent term, on the price for the Products to be sold hereunder during such subsequent term as provided for in sub-section 4.3 hereinabove. 6.3 Notwithstanding the provisions of sub-section 6.1 and in addition to Section 6","Supply Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/supply-agreement-D918.png","https://templates.business-in-a-box.com/imgs/250px/918.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#918.xml",{"title":6,"description":6},[111,113],{"label":30,"url":112},"business-legal-agreements",{"label":30,"url":112},"supply agreement","/template/supply-agreement-D918",{"description":117,"descriptionCustom":6,"label":118,"pages":119,"size":9,"extension":10,"preview":120,"thumb":121,"svgFrame":122,"seoMetadata":123,"parents":125,"keywords":124,"url":128},"DISTRIBUTION AGREEMENT This Distribution Agreement (the\" Agreement\"), is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Company\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [DISTRIBUTOR NAME] (the \"Distributor\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Company wishes to market the Products described in Schedule A (the \"Products\") through the Distributor, it is agreed as follows: DEFINITIONS When used in this Agreement, the following terms shall have the respective meanings indicated, such meanings to be applicable to both the singular and plural forms of the terms defined: \"Agreement\" means this agreement, the Schedules attached hereto and any documents included by reference, as each may be amended from time to time in accordance with the terms of this Agreement; \"Accessories\" means the accessories described in Exhibit A attached hereto, and includes any special devices manufactured by Company and used in connection with the operation of the Goods. Accessories may be deleted from or added to Exhibit A and their specifications and design may be changed by Company at its sole discretion at any time by mailing written notice of such changes to Distributor. Each change shall become effective [NUMBER] days following the date notice thereof is sent to Distributor. \"Affiliate means\" any company controlled by, controlling, or under common control with Company. Affiliate means any person, corporation or other entity: (i) which owns, now or hereafter, directly or indirectly [%] or more of any class of the voting stock of Company or is, now or hereafter, directly or indirectly, in effective control of Company; or (ii) [%] or more of any class of the voting stock of which Company, or a party described in paragraph (i), owns, now or hereafter, directly or indirectly, or of which Company, or a party described in paragraph (i), is, now or hereafter, directly or indirectly, in control. \"Customer\" means any person who purchases or leases Products from Distributor. \"Delivery Point\" means Company's facilities at [FULL ADDRESS]. Delivery point means Distributor's facilities at [FULL ADDRESS]. \"Exhibit\" means an exhibit attached to this agreement. \"Goods\" means those items described in Exhibit B. Goods may be deleted from or added to Exhibit B and their specifications and design may be changed by Company at its sole discretion at any time by mailing written notice of such changes to Distributor. Each change shall become effective [NUMBER] days following the date notice thereof is sent to Distributor. \"Products\" means Goods, Accessories, and Spare Parts. \"Spare Parts means\": (i) all parts and components of the Goods; (ii) any special devices used in connection with the maintenance or servicing of the Goods. Company warrants that a complete list of Spare Parts is set forth in Exhibit C. Spare parts may be deleted from or added to Exhibit C and their specifications and design may be changed by Company at its sole discretion at any time by mailing written notice of such changes to Distributor. Each change shall become effective [NUMBER] days following the date notice thereof is sent to Distributor. \"Specifications\" means those specifications set forth in Exhibit D. \"Territory\" means the following geographic area or areas: [SPECIFY]. \"Trademark\" means any trademark, logo, service mark or other commercial designation, whether or not registered, used to represent or describe the Products of Company, as set forth in Exhibit E. APPOINTMENT OF DISTRIBUTOR Company hereby appoints Distributor as Company's nonexclusive distributor of Products in the Territory, and Distributor accepts that position. It is understood that Company cannot lawfully prevent its distributors located elsewhere from supplying Products for sale or use within the Territory and that it has no obligation to do so. Distributor shall not solicit sales of Product or promote the sale of Products outside the Territory. Distributor shall not establish an office or warehouse outside the Territory for the sale of Products. REFERRALS If Company or any Affiliate is contacted by any party inquiring about the purchase of Products in the Territory (other than Distributor or a party designated by Distributor), Company shall, or shall cause that Affiliate to, refer such party to Distributor for handling. RELATIONSHIP OF PARTIES Distributor is an independent contractor and is not the legal representative or agent of Company for any purpose and shall have no right or authority (except as expressly provided in this Agreement) to incur, assume or create in writing or otherwise, any warranty over any of Company's employees, all of whom are entirely under the control of Company, who shall be responsible for their acts and omissions. Distributor shall, at its own expense, during the term of this Agreement and any extension thereof, maintain full insurance under any Workmen's Compensation Laws effective in the state or other applicable jurisdiction covering all persons employed by and working for it in connection with the performance of this Agreement, and upon request shall furnish Company with satisfactory evidence of the maintenance of such insurance. Distributor accepts exclusive liability for all contributions and payroll taxes required under [LAWS] or other payments under any laws of similar character in any applicable jurisdiction as to all persons employed by and working for it. Nothing contained in this Agreement shall be deemed to create any partnership or joint venture relationship between the parties. SALE OF PRODUCTS BY DISTRIBUTOR Distributor agrees to exercise its best efforts to develop the largest possible market for the Products in the Territory and shall continuously offer, advertise, demonstrate and otherwise promote the sale of Products in the Territory. The parties have consulted together and now agree that if Distributor's best efforts are used as provided in this Section, a minimum of [SPECIFY] Products (\"Annual Market Potential\") will be purchased and distributed in the Territory during the first year of this Agreement. At the beginning of each subsequent year hereunder the parties will consult together in good faith and agree on the Annual Market Potential applicable to that year; provided, however, that if they cannot agree, the Annual Market Potential for the immediately Preceding year will apply to the current year. COMPETING PRODUCTS Distributor agrees that it will not distribute or represent any Products in the Territory which compete with the Products during the term of this Agreement or any extensions thereof. ADVERTISING Distributor shall be entitled, during the term of the distributorship created by this Agreement and any extension thereof, to advertise and hold itself out as an authorized Distributor of the Products. At all times during the term of the distributorship created by this Agreement and any extension thereof, Distributor shall use the Trademarks in all advertisements and other activities conducted by Distributor to promote the sale of the Products. Distributor shall submit examples of all proposed advertisements and other promotional materials for the Products to Company for inspection and Distributor shall not use any such advertisements or promotional materials without having received the prior written consent of Company to do so. Distributor shall not, pursuant to this Agreement or otherwise, have or acquire any right, title or interest in or to Company's Trademarks. 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WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":136,"description":6},"service agreement",[138,139],{"label":30,"url":112},{"label":30,"url":112},"/template/service-agreement-D12711",{"description":142,"descriptionCustom":6,"label":143,"pages":144,"size":9,"extension":10,"preview":145,"thumb":146,"svgFrame":147,"seoMetadata":148,"parents":150,"keywords":149,"url":153},"RETAINER AGREEMENT This Retainer Agreement (\"Agreement\") is made and effective the [DATE], BETWEEN: [COMPANY NAME] (the \"Consultant\"), a corporation organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Client\"), a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Consultant has a background in [SPECIFY] and is willing to provide services to Client based on this background. Client remains responsible for all of their decisions. WHEREAS, Client desires to have services provided by Consultant. THEREFORE, in consideration of the terms and covenants of this agreement, and other valuable consideration, the parties agree as follows: DESCRIPTION OF SERVICES Beginning on [DATE], Consultant will provide the following services (collectively, the \"Services\"): Assist Client as they seek to accomplish any of the following: [DESCRIBE THE SERVICES PROVIDED] Additional services such as: [SPECIFY] are also available. services to be performed The manner in which the Services are to be performed and the specific hours to be worked by Consultant shall be determined by Consultant. Client will rely on Consultant to work as many hours as may be reasonably necessary to fulfill Consultant's obligations under this Agreement. RELATIONSHIP OF PARTIES It is understood by the parties that Consultant is an independent contractor with respect to Client, and not an employee of Client. Client will not provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of Consultant. retainer The Client shall pay to the Consultant a non-refundable retainer fee of $[SPECIFY] where after the Consultant shall reserve its services to the Client for a period of [NUMBER] days (\"Retainer Period\") from date of execution of this agreement and payment of the retainer fee, whichever occurs last. This agreement shall automatically terminate upon completion of the Retainer Period. The Client may terminate this contract at any time during the Retainer Period, with or without cause. In the event of such termination, the Client shall immediately pay the Consultant all sums of money with respect to fees and expenses of the Consultant, up to the date of termination. This agreement only reserves the Consultant's availability for employment by the Client and shall in no way prevent the Consultant from performing work for other clients during the Retainer Period. The Consultant shall not act as an agent for, consultant to, or as an officer, employee, or other representative of any party that has an adverse interest in the matter for which Client has retained the Consultant. The Consultant hereby warrants that there is no conflict of interest between the Consultant's other employment, if any, or other contracts, if any, and the activities to be performed hereunder. The Consultant shall promptly advise Client if a conflict of interest arises in the future. expenses The Consultant is: Responsible for all expenses. The Consultant shall be responsible for all expenses related to providing the Services under this Agreement. This includes, but is not limited to, supplies, equipment, operating costs, business costs, employment costs, taxes, Social Security contributions and/or payments, disability insurance, unemployment taxes, and any other cost that may or may not be in connection with the Services provided by the Consultant including out-of-pocket expenses. OR Reimbursed for only the following expenses: [SPECIFY]. Client agrees to pay the Consultant within [SPECIFY]. days of receiving notice of any expense directly associated with the Services. Upon request by the Client, the Consultant may have to show receipt(s) or proof(s) of purchase for said expense. OR Not required to pay or be responsible for any expense in connection with the Services provided. client's Obligations The customer commits: ","Retainer Agreement","4","https://templates.business-in-a-box.com/imgs/1000px/retainer-agreement-D12703.png","https://templates.business-in-a-box.com/imgs/250px/12703.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12703.xml",{"title":149,"description":6},"retainer agreement",[151,152],{"label":30,"url":112},{"label":30,"url":112},"/template/retainer-agreement-D12703",{"description":155,"descriptionCustom":6,"label":156,"pages":157,"size":9,"extension":10,"preview":158,"thumb":159,"svgFrame":160,"seoMetadata":161,"parents":163,"keywords":162,"url":168},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":162,"description":6},"non disclosure agreement nda",[164,165],{"label":30,"url":112},{"label":166,"url":167},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",false,{"seo":171,"reviewer":184,"legal_disclaimer":188,"quick_facts":189,"at_a_glance":191,"personas":195,"variants":220,"glossary":244,"clauses":278,"how_to_fill":329,"common_mistakes":370,"faqs":395,"industries":426,"comparisons":451,"diy_vs_lawyer":462,"jurisdictions":475,"related_template_ids_curated":496,"schema":504,"classification":505},{"meta_title":172,"meta_description":173,"primary_keyword":174,"secondary_keywords":175},"Price Setting Template | BIB","Free price setting template to formalize pricing terms between suppliers and buyers. Covers pricing schedules, adjustments, discounts, and payment terms.","price setting template",[176,177,178,179,180,181,182,183],"price setting agreement template","pricing agreement template","supplier pricing agreement","price schedule template","pricing policy template","price setting contract","price agreement template word","vendor pricing agreement template",{"name":185,"credential":186,"reviewed_date":187},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":190,"legal_review_recommended":188,"signature_required":188,"notarization_required":169},"medium",{"what_it_is":192,"when_you_need_it":193,"whats_inside":194},"A Price Setting document is a formal, binding agreement between a supplier or seller and a buyer or distributor that establishes agreed pricing terms for goods or services over a defined period. This free Word download gives you a structured, editable starting point covering pricing schedules, volume discounts, adjustment mechanisms, and payment terms — exportable as PDF for immediate execution.\n","Use it when entering a supply, distribution, or service relationship where both parties need clarity on how prices are determined, when they may change, and how disputes about pricing will be resolved. It is especially important for multi-year contracts where cost inputs — materials, labor, or currency exchange — are likely to fluctuate.\n","Defined pricing schedules with unit rates and volume tiers, price adjustment and escalation clauses, discount and rebate terms, payment terms and invoicing requirements, currency provisions, and dispute resolution procedures specific to pricing disagreements.\n",[196,200,204,208,212,216],{"title":197,"use_case":198,"icon_asset_id":199},"Manufacturers and suppliers","Locking in agreed unit prices with distributors for a 12-month supply cycle","persona-manufacturer",{"title":201,"use_case":202,"icon_asset_id":203},"Wholesale distributors","Establishing tiered pricing schedules with retail partners across a product catalog","persona-distributor",{"title":205,"use_case":206,"icon_asset_id":207},"Procurement managers","Formalizing negotiated vendor pricing to prevent unilateral mid-contract increases","persona-procurement-manager",{"title":209,"use_case":210,"icon_asset_id":211},"Service providers","Setting fixed and variable fee structures for multi-year client engagements","persona-service-provider",{"title":213,"use_case":214,"icon_asset_id":215},"Franchise operators","Documenting approved pricing floors and ceilings set by the franchisor","persona-franchise-applicant",{"title":217,"use_case":218,"icon_asset_id":219},"Retail chains and buying groups","Agreeing on promotional pricing windows and rebate thresholds with key suppliers","persona-retailer",[221,225,228,231,234,237,240],{"situation":222,"recommended_template":223,"slug":224},"Setting prices for a long-term supply relationship with fixed annual terms","Price Setting Agreement (Fixed)","price-setting-D1407",{"situation":226,"recommended_template":86,"slug":227},"Establishing pricing for a one-off product or service purchase","purchase-order-D1411",{"situation":229,"recommended_template":118,"slug":230},"Agreeing on wholesale pricing and reseller margins with a distributor","distribution-agreement-D12544",{"situation":232,"recommended_template":131,"slug":233},"Setting prices for professional services billed by the hour or project","service-agreement-D12711",{"situation":235,"recommended_template":103,"slug":236},"Documenting supplier terms including pricing within a broader supply contract","supply-agreement-D918",{"situation":238,"recommended_template":143,"slug":239},"Formalizing a recurring retainer fee with a fixed monthly rate","retainer-agreement-D12703",{"situation":241,"recommended_template":242,"slug":243},"Setting promotional or seasonal pricing for a specific campaign period","Sales Promotion Agreement","sales-agreement-D13769",[245,248,251,254,257,260,263,266,269,272,275],{"term":246,"definition":247},"Price Schedule","A document annexed to the agreement listing specific goods or services with their agreed unit prices, volume tiers, and effective dates.",{"term":249,"definition":250},"Price Escalation Clause","A contractual provision allowing the seller to increase prices by a defined formula — typically tied to a published index such as CPI — at specified intervals.",{"term":252,"definition":253},"Most Favored Nation (MFN) Clause","A provision guaranteeing the buyer that it will receive pricing no less favorable than the seller offers to any comparable customer.",{"term":255,"definition":256},"Volume Discount","A price reduction applied when a buyer purchases above a defined quantity threshold within a reference period, expressed as a percentage off the base price.",{"term":258,"definition":259},"Rebate","A payment made by the seller to the buyer after a purchase milestone is achieved, calculated as a percentage of total spend over a defined period.",{"term":261,"definition":262},"Price Adjustment Mechanism","The agreed formula or process by which either party may request a price change — including the notice period, index references, and cap on any single adjustment.",{"term":264,"definition":265},"CPI (Consumer Price Index)","A government-published index measuring average price changes for a basket of goods and services, commonly used as a benchmark for annual price escalation.",{"term":267,"definition":268},"Currency Clause","A provision specifying the currency in which prices are denominated and the exchange rate mechanism or conversion process for cross-border transactions.",{"term":270,"definition":271},"Price Freeze Period","A defined period — typically 6 or 12 months — during which neither party may initiate a price change regardless of input cost fluctuations.",{"term":273,"definition":274},"Anti-Price Fixing","Regulatory restrictions under competition law prohibiting agreements between competitors to coordinate pricing — distinct from bilateral buyer-seller price agreements.",{"term":276,"definition":277},"Benchmarking Review","A periodic process in which the parties compare contracted prices against prevailing market rates and negotiate adjustments to maintain commercial alignment.",[279,284,289,294,299,304,309,314,319,324],{"name":280,"plain_english":281,"sample_language":282,"common_mistake":283},"Parties and recitals","Identifies the seller and buyer as legal entities, states the commercial relationship, and provides the purpose of the pricing agreement.","This Price Setting Agreement ('Agreement') is entered into as of [DATE] between [SELLER LEGAL NAME], a [STATE/COUNTRY] [ENTITY TYPE] ('Seller'), and [BUYER LEGAL NAME], a [STATE/COUNTRY] [ENTITY TYPE] ('Buyer'), in connection with the supply of [GOODS/SERVICES DESCRIPTION].","Using trade names instead of registered legal entity names. If the contracting entity doesn't match invoices or purchase orders, enforcing the pricing terms in a dispute becomes significantly harder.",{"name":285,"plain_english":286,"sample_language":287,"common_mistake":288},"Price schedule and unit rates","Sets out the specific price for each product SKU or service type, the unit of measure, the effective date, and references the schedule annexed to the agreement.","The prices applicable to each Product shall be as set out in Schedule A ('Price Schedule'). Unit prices are denominated in [CURRENCY] and apply per [UNIT OF MEASURE]. The initial Price Schedule is effective from [DATE].","Embedding detailed SKU-level pricing in the body of the contract rather than a schedule. When pricing changes, the entire contract must be amended — a separate schedule can be replaced without reopening the core agreement.",{"name":290,"plain_english":291,"sample_language":292,"common_mistake":293},"Volume tiers and discounts","Defines the quantity thresholds at which lower prices apply and whether the discount applies retroactively to all units or only to units above the threshold.","Volume discounts shall apply as follows: purchases of [X]–[Y] units per calendar quarter shall attract a [Z]% discount off the base unit price; purchases exceeding [Y] units shall attract a [W]% discount. Discounts apply to incremental units above each threshold only.","Not specifying whether volume discounts are incremental or all-units. An all-units structure can create unexpected margin erosion for the seller once a buyer crosses a threshold by a single unit.",{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Price adjustment and escalation","Establishes the conditions under which prices may be changed, the index or formula used to calculate adjustments, and the maximum permitted change in any single period.","Seller may adjust unit prices annually on [DATE], by no more than the percentage change in the [CPI-U / PPI] index published by [AUTHORITY] for the preceding 12-month period, subject to a maximum increase of [X]% in any single year. Seller must provide [60] days' written notice of any adjustment.","Allowing open-ended price adjustments with no cap. Without a ceiling, a seller can pass through cost increases of any magnitude, eliminating the buyer's ability to plan or budget.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Price freeze period","Locks prices at their current level for a defined period during which neither party may request a change, providing budget certainty for both sides.","Notwithstanding the price adjustment provisions of Clause [X], no price adjustment shall take effect during the first [12] months following the Effective Date ('Price Freeze Period'). After expiry of the Price Freeze Period, adjustments may be requested in accordance with Clause [X].","Omitting a price freeze period entirely in a multi-year agreement. Without one, sellers can initiate price increases in the first months of a contract — undermining the commercial basis on which the deal was done.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Most favored nation (MFN) clause","Assures the buyer that it receives pricing at least as favorable as that offered to any comparable customer, and requires the seller to automatically extend better pricing if a comparable customer receives it.","Seller represents that the prices in Schedule A are no less favorable than those offered to any third party purchasing comparable volumes of comparable Products. If Seller offers more favorable pricing to a comparable customer, Seller shall promptly extend equivalent pricing to Buyer.","Failing to define 'comparable customer' with specific criteria. Without a definition tied to purchase volume, product mix, and territory, sellers can argue that every customer is unique and MFN never triggers.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Rebates and promotional pricing","Defines any rebate programs the seller operates, the performance threshold that triggers them, the calculation method, and the payment timing.","Seller shall pay Buyer a quarterly rebate equal to [X]% of total net purchases exceeding $[THRESHOLD] in the applicable quarter. Rebates shall be calculated within [30] days of each quarter end and paid within [45] days. Rebates are not cumulative across quarters.","Agreeing to rebates without specifying whether they are calculated on gross or net purchases. If returns, credits, and adjustments are not excluded from the base, the rebate calculation can produce disputes each quarter.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Currency, invoicing, and payment terms","States the invoicing currency, the payment period, accepted payment methods, and the consequence of late payment including interest.","All prices are denominated in [USD / GBP / EUR / CAD]. Invoices are payable within [Net 30] days of the invoice date. Late payments shall accrue interest at [1.5]% per month on outstanding balances from the due date. Seller shall issue invoices in accordance with Buyer's PO format requirements.","Not specifying the currency in cross-border agreements. USD and CAD, or GBP and EUR, are frequently confused in multi-jurisdictional relationships — the omission creates disputes on every invoice.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Dispute resolution for pricing disagreements","Provides a structured escalation process for pricing disputes — starting with good-faith negotiation, moving to a designated executive escalation, and then to mediation or arbitration before litigation.","Any dispute regarding prices, adjustments, or rebates shall first be referred to the respective commercial contacts in writing. If unresolved within [15] business days, the dispute shall escalate to senior management of each party. If unresolved within a further [30] days, either party may refer the matter to [MEDIATION / ARBITRATION] under the rules of [BODY] in [CITY].","Using a general dispute resolution clause from another contract without tailoring it to pricing mechanics. Pricing disputes often require expert determination rather than arbitration — a standard clause can lock parties into an inappropriate process.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Term, termination, and price renegotiation","States the duration of the pricing agreement, the process for renewal, and the rights of each party to terminate or renegotiate if prices become commercially unworkable.","This Agreement has an initial term of [12 / 24] months from the Effective Date and shall renew automatically for successive [12]-month periods unless either party provides [90] days' written notice of non-renewal. Either party may request a pricing renegotiation no more than once per contract year by written notice, with negotiations to commence within [30] days of receipt.","Auto-renewal clauses without a pricing review right. If prices auto-renew on outdated terms, sellers can be locked into below-cost pricing or buyers can face above-market rates with no contractual mechanism to correct either.",[330,335,340,345,350,355,360,365],{"step":331,"title":332,"description":333,"tip":334},1,"Identify both parties with their full legal entity names","Enter the seller's and buyer's registered legal names, entity types (LLC, corporation, Ltd.), and states or countries of incorporation. Include the registered addresses for each party.","Cross-reference company registry filings before signing — trade names and legal names diverge more often than parties realize, and the mismatch can complicate enforcement.",{"step":336,"title":337,"description":338,"tip":339},2,"Build out the price schedule as a separate annexure","List every product SKU or service category with a unit price, unit of measure, and effective date in Schedule A. Keep the price schedule separate from the agreement body so it can be replaced without amending the core contract.","Use a consistent unit-of-measure format (e.g., per 1,000 units, per linear meter, per hour) — mixing measures across line items is a frequent source of invoice disputes.",{"step":341,"title":342,"description":343,"tip":344},3,"Define volume discount thresholds and confirm incremental vs. all-units treatment","Enter the quantity brackets that trigger discounts and state explicitly whether the lower price applies only to units above the threshold (incremental) or to all units purchased once the threshold is crossed (all-units).","Model both structures in a spreadsheet before agreeing — all-units discounts can swing margin significantly at the threshold boundary.",{"step":346,"title":347,"description":348,"tip":349},4,"Set the price freeze period and adjustment formula","Enter the freeze duration (typically 12 months), the index used for escalation (CPI-U, PPI, or a custom basket), and the maximum permitted adjustment percentage per period. State the notice period the adjusting party must provide.","Choose an index published by a neutral government authority — proprietary indices or seller-calculated cost indices create verification disputes.",{"step":351,"title":352,"description":353,"tip":354},5,"Draft the MFN clause with a defined comparator standard","If including an MFN clause, specify the criteria that define a 'comparable customer' — purchase volume range, product mix, territory, and contract length. Tie the MFN trigger to those criteria explicitly.","A well-drafted MFN clause saves renegotiation time each year; a vague one generates a dispute every time the seller wins a new account.",{"step":356,"title":357,"description":358,"tip":359},6,"Define rebate thresholds, base, and payment schedule","Enter the spend threshold that triggers a rebate, the rebate percentage, whether it is calculated on net purchases after returns, and the payment timing (e.g., within 45 days of each quarter end).","Include an audit right in the rebate clause — buyers should be able to verify the seller's rebate calculation against purchase records once per year.",{"step":361,"title":362,"description":363,"tip":364},7,"State the currency, payment terms, and late-payment interest rate","Enter the agreed currency (with ISO 4217 code for cross-border transactions), the payment period (Net 30 is standard), and the late-payment interest rate. Confirm the interest rate complies with applicable statutory caps.","For EU and UK buyers, check whether the Late Payment of Commercial Debts legislation imposes a minimum statutory interest rate that overrides the contractual rate.",{"step":366,"title":367,"description":368,"tip":369},8,"Execute before the first invoice is issued","Both parties should sign the agreement and all schedules before any goods are delivered or services commenced. Obtain initials on Schedule A separately to confirm each party has reviewed the pricing detail.","Use a timestamped e-signature platform to create a clear execution record — unsigned price agreements are treated as proposals, not binding commitments, in most jurisdictions.",[371,375,379,383,387,391],{"mistake":372,"why_it_matters":373,"fix":374},"Embedding SKU-level pricing in the contract body","When prices are updated, the entire contract must be formally amended — a process that often requires re-execution by multiple signatories, creating delays and version-control problems.","Place all unit pricing in a Schedule A and include a clause allowing the schedule to be replaced by mutual written agreement without amending the main contract.",{"mistake":376,"why_it_matters":377,"fix":378},"No cap on annual price adjustments","An uncapped escalation clause allows a seller to pass through cost increases of any size, making the buyer's cost base effectively uncontrollable over a multi-year term.","Insert a maximum adjustment percentage per period — typically 3–5% for most industries — and tie any higher increase to a documented cost-input audit.",{"mistake":380,"why_it_matters":381,"fix":382},"Omitting currency specification in cross-border agreements","Without an explicit ISO currency code, every invoice in a cross-border relationship becomes a negotiation about whether the rate is USD or CAD, GBP or EUR — generating disputes on payment timing and amount.","State the pricing currency with its ISO 4217 code (e.g., USD, GBP, EUR, CAD) in the agreement header and repeat it in Schedule A.",{"mistake":384,"why_it_matters":385,"fix":386},"Vague or undefined MFN comparator criteria","An MFN clause without defined comparator criteria is unenforceable in practice — sellers can argue every customer deal is unique, and buyers have no factual basis to trigger the clause.","Define 'comparable customer' by purchase volume range, product mix, territory, and contract length so the MFN clause has an objective trigger.",{"mistake":388,"why_it_matters":389,"fix":390},"Auto-renewal without a pricing review right","Auto-renewal at prior-year prices locks sellers into below-cost terms or locks buyers into above-market rates with no contractual mechanism to correct either — creating resentment and eventual breach.","Pair every auto-renewal clause with a pricing review window — typically 60–90 days before renewal — during which either party can initiate a renegotiation.",{"mistake":392,"why_it_matters":393,"fix":394},"No dispute resolution mechanism specific to pricing","General dispute clauses route pricing disagreements to arbitration or litigation, which is slow and expensive for what are often arithmetic disputes about invoice calculations or rebate bases.","Include a tiered pricing-dispute clause: commercial-contact negotiation first, then executive escalation, then expert determination by an agreed independent accountant for disputes under $[THRESHOLD].",[396,399,402,405,408,411,414,417,420,423],{"question":397,"answer":398},"What is a price setting agreement?","A price setting agreement is a binding contract between a seller and a buyer that formally establishes the prices for goods or services over a defined period. It covers the base unit prices, volume discount thresholds, price adjustment mechanisms, rebate structures, and payment terms. Unlike an informal quote or price list, a price setting agreement creates enforceable obligations on both parties and provides a structured process for managing pricing changes during the contract term.\n",{"question":400,"answer":401},"When do I need a price setting agreement instead of a purchase order?","Use a price setting agreement when you have an ongoing commercial relationship where pricing needs to be locked in for 6 months or more, where prices may change based on volume or cost inputs, or where rebates and discounts require a contractual framework. A purchase order documents a single transaction at a point in time. If you issue purchase orders frequently to the same supplier at negotiated rates, a price setting agreement provides the overarching framework those POs operate under.\n",{"question":403,"answer":404},"Is a price setting agreement legally binding?","Yes — a price setting agreement is generally enforceable as a binding contract when it includes offer, acceptance, and consideration, is signed by authorized representatives of both parties, and contains sufficiently certain pricing terms. Courts in most jurisdictions treat agreed price schedules as binding contractual terms. Enforceability of specific clauses such as MFN provisions or non-compete pricing restrictions may vary by jurisdiction and should be reviewed by a lawyer for high-value relationships.\n",{"question":406,"answer":407},"What is a most favored nation clause in a pricing agreement?","A most favored nation (MFN) clause guarantees the buyer that it will receive pricing no less favorable than that offered to any comparable customer of the seller. If the seller offers a lower price to another buyer with similar volume and product mix, the MFN clause requires the seller to automatically extend the same lower price to the MFN buyer. MFN clauses are common in supply and distribution agreements and are particularly valuable for buyers who lack the volume to negotiate prices independently each cycle.\n",{"question":409,"answer":410},"How does a price escalation clause work?","A price escalation clause allows the seller to increase prices at defined intervals — typically annually — by a formula tied to a published index such as CPI or PPI. The clause specifies the index, the reference period, the notice required before an increase takes effect, and usually a cap on the maximum increase in any single period. For example, a clause might allow a price increase equal to the CPI change for the prior 12 months, subject to a maximum of 4%, with 60 days' prior written notice.\n",{"question":412,"answer":413},"Does a price setting agreement need to be signed to be enforceable?","In most jurisdictions, a contract does not strictly require a wet-ink signature to be enforceable — conduct and written communication can establish a binding agreement. However, having both parties sign the document — and initial any attached price schedules — significantly reduces the risk of a party claiming they never agreed to specific terms. For high-value or multi-year pricing relationships, execution before the first delivery or invoice is strongly recommended.\n",{"question":415,"answer":416},"Can a price setting agreement restrict a supplier from changing prices?","Yes, within the bounds agreed by both parties. A price freeze clause prevents either party from initiating a change during a defined period. Outside the freeze period, adjustment clauses can limit the frequency, magnitude, and notice required for any change. Outright prohibition on any price change for the full contract term is unusual in multi-year agreements because it typically leads to renegotiation or breach when input costs shift significantly.\n",{"question":418,"answer":419},"Are price fixing agreements between competitors different from buyer-seller price agreements?","Yes — completely. A price setting agreement between a buyer and a seller is a standard bilateral commercial arrangement that sets the price one party charges the other. Price fixing is an entirely separate concept: it refers to agreements between competitors to coordinate the prices they each charge to their own customers. Price fixing is illegal under competition law in virtually every jurisdiction. A buyer-seller pricing agreement of the type covered by this template is lawful commercial practice when it does not involve coordination between competing sellers.\n",{"question":421,"answer":422},"How often should a price setting agreement be reviewed?","Most price setting agreements run for 12 months with annual renewal and a price review at each renewal. For volatile input-cost industries — commodities, logistics, energy — a mid-year benchmarking review right is common. At minimum, both parties should review pricing against current market rates before each auto-renewal window to confirm the agreement remains commercially viable for both sides.\n",{"question":424,"answer":425},"What happens if a supplier raises prices mid-contract without following the adjustment clause?","An unauthorized mid-contract price increase typically constitutes a breach of contract. The buyer can reject the higher invoice, pay at the contracted rate, and pursue damages for any excess charged. In practice, most mid-contract disputes are resolved by invoking the escalation or dispute resolution clause. If the supplier persists, the buyer may have grounds to treat the breach as a repudiation and terminate the agreement, depending on how material the price deviation is relative to the contract value.\n",[427,431,435,439,443,447],{"industry":428,"icon_asset_id":429,"specifics":430},"Manufacturing and wholesale","industry-manufacturing","Raw material input costs make annual CPI-linked escalation clauses and mid-year benchmarking reviews standard in long-term supply pricing agreements.",{"industry":432,"icon_asset_id":433,"specifics":434},"Retail and consumer goods","industry-retail","Volume rebate tiers tied to quarterly purchase targets and promotional pricing windows for seasonal campaigns are the primary pricing mechanisms in retail supplier agreements.",{"industry":436,"icon_asset_id":437,"specifics":438},"Technology and SaaS","industry-saas","Seat-based or usage-based pricing schedules with annual true-up provisions and MFN clauses protecting enterprise customers from lower pricing offered to new accounts.",{"industry":440,"icon_asset_id":441,"specifics":442},"Professional services","industry-professional-services","Day-rate or fixed-fee schedules for multi-year engagements with annual rate-card reviews tied to staffing cost inflation and a defined notice period for rate changes.",{"industry":444,"icon_asset_id":445,"specifics":446},"Food and beverage","industry-food-beverage","Commodity-linked pricing adjustments tied to published indices for key inputs (wheat, dairy, energy) with short freeze periods and frequent benchmarking rights reflecting high input-cost volatility.",{"industry":448,"icon_asset_id":449,"specifics":450},"Construction and infrastructure","industry-construction","Materials and labor price schedules with rise-and-fall clauses pegged to construction cost indices, milestone-based billing structures, and retention provisions linked to project completion stages.",[452,454,457,460],{"vs":86,"vs_template_id":227,"summary":453},"A purchase order documents a single transaction — specific goods or services at a point-in-time price. A price setting agreement establishes the pricing framework that governs all purchase orders between the parties over a defined period. The two documents work together: the price setting agreement sets the rates; the purchase order records each individual order placed under those rates.",{"vs":103,"vs_template_id":455,"summary":456},"supply-agreement-D12713","A supply agreement is a comprehensive contract covering the entire supply relationship — delivery obligations, quality standards, warranties, liability, and pricing. A price setting agreement focuses specifically on pricing terms and can be incorporated into a supply agreement as a schedule or executed as a standalone document when the supply obligations are already covered elsewhere.",{"vs":118,"vs_template_id":458,"summary":459},"distribution-agreement-D236","A distribution agreement governs the resale relationship between a supplier and distributor — territory, exclusivity, marketing obligations, and channel controls. A price setting agreement addresses only the pricing structure within that relationship. Many distribution agreements include a price schedule annexure; a standalone price setting agreement is used when pricing needs to be updated more frequently than the distribution agreement itself.",{"vs":131,"vs_template_id":233,"summary":461},"A service agreement covers the full scope of a service engagement — deliverables, timelines, IP, liability, and fees. A price setting agreement is narrower, dealing specifically with how fees are structured, when they may change, and what discounts or rebates apply. For long-term service relationships with complex fee structures — rate cards, volume tiers, and annual escalation — a dedicated price setting document prevents fee disputes from disrupting the broader service relationship.",{"use_template":463,"template_plus_review":467,"custom_drafted":471},{"best_for":464,"cost":465,"time":466},"Small to mid-sized businesses formalizing standard annual pricing terms with a supplier or buyer","Free","1–2 hours",{"best_for":468,"cost":469,"time":470},"Multi-year agreements above $100K annually, cross-border pricing with currency provisions, or MFN clauses","$300–$800 for a commercial lawyer review","2–5 days",{"best_for":472,"cost":473,"time":474},"Complex supply chains, regulated industries, enterprise agreements above $1M, or pricing structures tied to commodity indices","$1,500–$5,000+","1–3 weeks",[476,481,486,491],{"code":477,"name":478,"flag_asset_id":479,"note":480},"us","United States","flag-us","US federal antitrust law (Sherman Act) and state competition statutes prohibit price-fixing between competitors but place no restriction on bilateral buyer-seller pricing agreements. MFN clauses can attract scrutiny under Robinson-Patman Act price discrimination provisions in consumer goods sectors. Late-payment interest rate caps vary by state — confirm the contracted rate is within the applicable statutory ceiling. Arbitration clauses are broadly enforceable under the Federal Arbitration Act.",{"code":482,"name":483,"flag_asset_id":484,"note":485},"ca","Canada","flag-ca","The Competition Act prohibits price maintenance — a supplier cannot legally require a buyer to resell at a specific minimum price, though suggested retail prices are permitted. Price adjustment clauses must not impose penalties that effectively function as liquidated damages under provincial contract law. Quebec contracts are subject to the Civil Code of Quebec, which has distinct rules on contract formation and interpretation that differ materially from common-law provinces. Ensure the governing law clause specifies the province.",{"code":487,"name":488,"flag_asset_id":489,"note":490},"uk","United Kingdom","flag-uk","The Late Payment of Commercial Debts (Interest) Act 1998 imposes a statutory interest rate of 8% above the Bank of England base rate on late B2B payments — contractual interest rates below this floor may be unenforceable. Competition Act 1998 provisions mirror EU competition law for bilateral pricing agreements. Post-Brexit, UK GDPR applies to any personal data processed in connection with the agreement, including buyer contact details. Price adjustment clauses should reference a UK-published index such as the ONS CPI.",{"code":492,"name":493,"flag_asset_id":494,"note":495},"eu","European Union","flag-eu","EU competition law (Article 101 TFEU) prohibits price coordination between competitors but permits bilateral supplier-buyer pricing agreements. Vertical agreements including price setting are assessed under the Vertical Block Exemption Regulation (VBER) — resale price maintenance remains prohibited. The EU Late Payment Directive sets a maximum 60-day payment term for B2B contracts and imposes statutory interest at 8 percentage points above the ECB reference rate for overdue payments. Price adjustment indices should reference Eurostat publications for cross-member-state credibility.",[227,236,230,233,239,497,498,499,500,501,502,503],"non-disclosure-agreement-nda-D12692","vendor-agreement-D13292","sales-invoice-D383","credit-note-D13639","contract-addendum-D13172","letter-of-intent_acquisition-of-business-D5197","master-service-agreement-D12657",{"emit_how_to":188,"emit_defined_term":188},{"primary_folder":112,"secondary_folder":506,"document_type":507,"industry":508,"business_stage":509,"tags":510,"confidence":514},"sales-and-purchase","agreement","general","all-stages",[511,507,512,506,513],"pricing","contract","payment-terms",0.92,"\u003Ch2>What is a Price Setting Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Price Setting Agreement\u003C/strong> is a binding commercial contract between a seller — typically a supplier, manufacturer, or service provider — and a buyer that formally establishes the pricing terms governing their relationship over a defined period. It goes beyond a quote or price list by creating enforceable obligations: both parties agree to the base unit prices, volume discount thresholds, price adjustment mechanisms, rebate structures, currency provisions, and the process by which prices may be changed during the contract term. Rather than leaving pricing subject to informal negotiation on each transaction, a price setting agreement provides a structured framework that both parties can rely on for budgeting, invoicing, and dispute resolution.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a formal price setting agreement, pricing in an ongoing commercial relationship is governed by whatever was last communicated in an email, a quote, or a verbal conversation — none of which provides a reliable basis for either party to plan or enforce their position. Suppliers face buyers who dispute invoices by citing an older price list; buyers face unilateral mid-contract increases they have no contractual basis to reject. The absence of an adjustment clause means either the seller absorbs every input cost increase or the buyer is ambushed by price changes with no notice or limit. For any relationship involving recurring transactions above a modest value, the cost of a pricing dispute — lost margin, delayed payment, and damaged commercial relationships — far exceeds the time required to execute a clear agreement at the outset. This template gives both parties a single, signed document they can reference to resolve any pricing question before it becomes a dispute.\u003C/p>\n",1778696335895]