Which of the following may require the parties to renegotiate certain parts of a contract if market conditions change drastically?
A)Termination clause
B)Omnibus clause
C)Adjustment clause
D)Reopener clause

Question

Quizplus · Accepted Answer

A reopener clause allows parties to revisit and renegotiate parts of a contract if certain conditions are met, such as drastic changes in market conditions. The other options do not typically address renegotiation of contract terms based on market conditions.

Which of the Following May Require the Parties to Renegotiate