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Price Agreement for Ireland

Price Agreement Template for Ireland

A comprehensive commercial agreement governed by Irish law that establishes and regulates the pricing structure, terms, and conditions between parties for goods or services. The document details base pricing, adjustment mechanisms, payment terms, and volume-based variations while ensuring compliance with Irish competition law and commercial regulations. It includes provisions for price reviews, currency considerations, and dispute resolution, all within the framework of Irish jurisdiction and EU regulations where applicable.

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What is a Price Agreement?

The Price Agreement serves as a fundamental commercial document used to establish clear pricing arrangements between parties conducting business in Ireland. It is particularly valuable when parties need to formalize ongoing pricing structures, volume-based discounts, and adjustment mechanisms for medium to long-term commercial relationships. This document type incorporates Irish commercial law requirements and EU regulations, making it suitable for both domestic and international trade relationships where Irish law governs. The Price Agreement typically includes detailed pricing schedules, payment terms, review mechanisms, and may incorporate provisions for currency fluctuations, market conditions, and inflation adjustments. It's commonly used in supply chains, distribution networks, and service arrangements where pricing clarity and certainty are essential for business planning and risk management.

What sections should be included in a Price Agreement?

1. Parties: Identification and details of the contracting parties

2. Background: Context of the agreement and commercial relationship between the parties

3. Definitions: Defined terms used throughout the agreement

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

5. Pricing Structure: Base pricing methodology, calculation methods, and price components

6. Payment Terms: Payment timing, methods, currencies, and invoicing requirements

7. Term and Termination: Duration of the agreement and termination provisions

8. Price Adjustment Mechanisms: Processes for price reviews, amendments, and adjustment formulas

9. Obligations of the Parties: Key responsibilities and commitments of each party

10. Confidentiality: Protection of pricing and other confidential information

11. Governing Law and Jurisdiction: Confirmation of Irish law governance and dispute resolution procedures

What sections are optional to include in a Price Agreement?

1. Volume Commitments: Include when there are minimum purchase obligations or volume-based pricing tiers

2. International Trading Terms: Include for cross-border transactions, specifying Incoterms and currency provisions

3. Service Levels: Include when pricing is linked to performance metrics or service standards

4. Market Protection: Include when there are territorial restrictions or market-specific pricing arrangements

5. Most Favored Customer: Include when offering best pricing guarantees

6. Force Majeure: Include when needing specific provisions for price adjustments due to extraordinary events

7. Compliance with Laws: Include when dealing with regulated industries or specific compliance requirements

8. Sustainability Commitments: Include when pricing is linked to environmental or sustainability criteria

What schedules should be included in a Price Agreement?

1. Schedule 1 - Price List: Detailed listing of all prices for products/services covered by the agreement

2. Schedule 2 - Volume Discount Structure: Tiered pricing based on volume commitments

3. Schedule 3 - Price Adjustment Formula: Detailed methodology for calculating price adjustments

4. Schedule 4 - Service Specifications: Detailed description of products/services covered by the pricing

5. Schedule 5 - Key Performance Indicators: Metrics that may affect pricing or trigger adjustments

6. Appendix A - Form of Price Review Notice: Template for initiating price reviews or adjustments

7. Appendix B - Approved Subcontractors: List of approved subcontractors if pricing includes third-party services

Authors

Alex Denne

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

Jurisdiction

Ireland

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions



































Clauses



































Relevant Industries

Manufacturing

Retail

Technology

Professional Services

Healthcare

Construction

Energy

Telecommunications

Financial Services

Logistics

Agriculture

Automotive

Consumer Goods

Relevant Teams

Legal

Procurement

Sales

Finance

Commercial Operations

Supply Chain

Business Development

Contract Management

Pricing

Risk Management

Relevant Roles

Commercial Director

Procurement Manager

Sales Director

Contract Manager

Legal Counsel

Finance Director

Business Development Manager

Supply Chain Manager

Pricing Analyst

Commercial Operations Manager

Chief Financial Officer

Category 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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