A well‑drafted price adjustment clause protects both buyer and seller from unexpected cost fluctuations, preserving long‑term relationships. How to Draft a Price Adjustment Clause In today’s volatile economic environment, raw material costs , labor rates, and currency values can swing dramatically during the life of a contract. A static price can leave one party unfairly burdened or the other with unsustainable margins. Price adjustment clauses offer a balanced solution: they allow contract prices to be adjusted based on predefined triggers or indices, preserving fairness and commercial viability. This guide explains how to draft effective price adjustment clauses , covering key components, drafting techniques, and real‑world considerations. Quick Summary: What is a price adjustment clause? A contractual provision that allows for price changes based on external factors (e.g., index, raw materi...
Image of the republic of Zambia flag ARRANGEMENT OF SECTIONS PART I 👉 PRELIMINARY PROVISIONS 1. Short title and commencement 2. Application 3. Interpretation 4. Compliance with other laws 5. Non-discrimination at undertaking 6. Protection of persons with disabilities 7. Prohibition of casualisation 8. Prohibition of forced labour PART II 👉 THE LABOUR COMMISSIONER 9. Labour Commissioner and other staff 10. Powers of Labour Commissioner 11. Certificate of appointment 12. Power to require returns 13. Duties of public officer PART III EMPLOYMENT RELATIONSHIP 👉 Division 3.1 - Contract of Employment 14. Prioritisation of employment for citizen 15. Governing law of contract of employment 16. Minimum contractual age 17. Medical examination 18. Record of oral contract of employment 19. Types of contracts 20. Presumption as to period of oral contract of employment 21. Presumption as to new contract of employment 22. Contract of employment required to be in writing 23. Conten...