“Take or pay” and “price review” arrangements are generally agreed for the benefit of both the seller and the buyer, to guarantee a regular income and supply. With market volatility, however, the parties may not agree on their operation or effect. Is a win-win outcome possible when these clauses bite? Rachel Lidgate and James Robson discuss this in the final episode of the series here.
The full series and accompanying articles can also be found on our website here and features episodes on:
- Allocating contractual risk and reward with host states in challenging times
- How investment treaties can protect foreign investments against State action
- Misalignment on expenditure: partner funding and sole risk
- Payment defaults and avoiding the splintering of joint ventures
- Supply chains in times of disruption: market reactions and the way forward
- Storage, shut ins and de-commissioning
Many thanks for listening to this series, which we hope you have enjoyed.
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The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.