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Adjustment In Price For Tax Increases
ADJUSTMENT IN PRICE FOR TAX INCREASES
The contract price is based upon the taxes and tax rates currently imposed upon sellers production, sale, and transportation of goods. In the event any new taxes are imposed upon the sellers production, sale or transportation of goods, or in the event the rates of existing taxes on such operations are increased, the contract price shall be increased to the extent of the sellers increased tax liability.
This is a UCC-buying and selling form.
It is intended to be an addendum to other forms.