EHV Solutions’ Tariff Claus
1.1 In the event that new tariffs, taxes, duties, or import fees are imposed, or existing tariffs are increased by any governmental authority after existing and/or new quotes and orders, EHV Solutions shall have the right to adjust the price of the goods in accordance with such increases, including but not limited to any customs, duties or import taxes.
1.2 EHV Solutions will notify the Buyer in writing of the tariff increase and its effect on the price of goods within [10] days of becoming aware of such changes.
2.1 The Buyer agrees to pay the adjusted price reflecting the increased costs due to tariff changes. EHV Solutions reserves the right to increase the price of the goods by an amount proportionate to the increase in tariffs or any other relevant import fees or duties.
2.2 If the Buyer does not agree to the adjusted price within [5] days of receipt of EHV Solutions’ notification, EHV Solutions may, at its discretion, either terminate the agreement with possible cancelation charges or continue delivery at the increased price.
3.1 In the event of an increase in tariffs or any unforeseen economic or trade-related event that impacts EHV Solutions’ ability to perform, such as sudden changes in government policy or restrictions, neither party shall be held liable for delays or inability to fulfill obligations under this agreement this includes but is not limited to changes in market pricing or costs of material and raw materials.
3.2 EHV Solutions will not be responsible for any delays in delivery or failure to deliver goods caused by increased tariffs or other external factors beyond their reasonable control.
3.3 The Parties hereby acknowledge that while current events related to the current epidemic/pandemic are known, future impacts of the outbreak are unforeseeable and shall be considered a Force Majeure event to the extent that they prevent the performance of a Party’s obligations under this Agreement.
4.1 The Buyer agrees to indemnify and hold EHV Solutions harmless from any liability, damage, loss, or cost arising from the Buyer’s failure to comply with the price adjustment due to tariff increases, including any consequences related to the Buyer’s delayed payment or refusal to accept price changes.
5.1 Both parties agree to inform one another promptly in the event of any significant changes in tariffs, duties, taxes, or import/export regulations that could affect this agreement. EHV Solutions will provide evidence of such changes, including official notices or documentation from relevant authorities.
6.1 If the tariff increase renders the transaction economically unfeasible for EHV Solutions, EHV Solutions has the right to terminate the agreement without liability to the Buyer by providing written notice at least [15] days in advance. The Buyer shall have the option to accept the new price or terminate the contract under these conditions.
7.1 In the event of a dispute arising from a tariff increase, both parties agree to first attempt to resolve the issue through good faith negotiation. If the dispute cannot be resolved within [30] days, the matter shall be referred to binding arbitration, with the venue to be at The American Arbitration Association 13727 Noel Rd #1025, Dallas, TX 75240.