Price Agreement Template for Belgium

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Key Requirements PROMPT example:

Price Agreement

"I need a Price Agreement for a manufacturing company supplying automotive parts to multiple European customers, with quarterly price adjustments based on raw material costs and volume-based discounts for orders over €100,000."

Document background
The Price Agreement serves as a crucial commercial document for establishing clear and legally binding pricing arrangements between business parties under Belgian law. It is particularly useful in ongoing business relationships where parties need to formalize pricing terms, volume commitments, and adjustment mechanisms. The document addresses key aspects such as base pricing, volume discounts, payment terms, and price revision procedures, while ensuring compliance with Belgian commercial law and EU regulations. This type of agreement is essential when parties require a standalone pricing framework separate from their main supply or service agreements, or when complex pricing mechanisms need to be documented in detail. The Price Agreement should be tailored to specific industry requirements while maintaining compliance with Belgian competition law and pricing transparency obligations.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context of the agreement and business relationship

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Agreement: Description of products/services covered by the pricing agreement

5. Pricing Structure: Detailed pricing mechanisms, base prices, and calculation methods

6. Payment Terms: Payment conditions, timing, and methods

7. Duration and Renewal: Term of the agreement and renewal provisions

8. Price Adjustment Mechanisms: Conditions and procedures for price modifications

9. Volume Commitments: Any minimum purchase obligations or volume-based pricing tiers

10. Invoicing: Invoicing procedures and requirements

11. Confidentiality: Protection of pricing and other confidential information

12. Termination: Conditions and procedures for ending the agreement

13. Governing Law and Jurisdiction: Confirmation of Belgian law application and dispute resolution

14. General Provisions: Standard legal provisions including severability, entire agreement, etc.

Optional Sections

1. Currency and Exchange Rates: Required for international agreements with multiple currencies

2. Tax Provisions: Detailed tax handling if complex tax arrangements apply

3. Price Matching Provisions: Include when there are competitive pricing guarantees

4. Most Favored Customer: When offering best pricing guarantees to the customer

5. Force Majeure: Include for long-term agreements or when price stability might be affected by external events

6. Audit Rights: When verification of pricing calculations or volume commitments is required

7. Sustainability Provisions: When pricing is linked to environmental or social responsibility metrics

8. Data Protection: Required when pricing involves processing of personal data

Suggested Schedules

1. Schedule 1 - Price List: Detailed pricing tables for all products/services covered

2. Schedule 2 - Price Calculation Methodology: Detailed explanation of how prices are calculated

3. Schedule 3 - Volume Discount Structure: Tiered pricing based on volume commitments

4. Schedule 4 - Service Level Agreements: Performance metrics that may affect pricing

5. Schedule 5 - Price Adjustment Formula: Mathematical formula for price adjustments

6. Appendix A - Product/Service Specifications: Technical details of items covered by the pricing

7. Appendix B - Reporting Templates: Standard formats for pricing and volume reports

8. Appendix C - Contact Details: Key contacts for pricing discussions and notifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Retail

Wholesale

Technology

Professional Services

Construction

Energy

Telecommunications

Healthcare

Automotive

Chemical Industry

Food and Beverage

Logistics

Financial Services

Industrial Services

Relevant Teams

Legal

Procurement

Sales

Finance

Commercial Operations

Supply Chain

Business Development

Contract Management

Pricing

Account Management

Strategic Sourcing

Relevant Roles

Procurement Manager

Commercial Director

Sales Manager

Contract Manager

Legal Counsel

Finance Director

Pricing Analyst

Business Development Manager

Supply Chain Manager

Chief Financial Officer

Commercial Operations Manager

Category Manager

Account Manager

Vendor Manager

Strategic Sourcing Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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