DFARS 252.227-7002 Readjustment of Payments
Prescribed in 227.7009-2(b) | |
Effective Date: | 1 October 1966 |
Clause or Provision: | Clause |
Provision or Clause Number: | S 252.227-7002 Readjustment of Payments |
Principle Type And/Or Purpose of Contract: | |
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Prescription Overview: |
Prescription |
Clause Overview: |
ClauseREADJUSTMENT OF PAYMENTS (OCT 1966)(a) If any license, under substantially the same patents and authorizing substantially the same acts which are authorized under this contract, has been or shall hereafter be granted within the United States, on royalty terms which are more favorable to the licensee than those contained herein, the Government shall be entitled to the benefit of such more favorable terms with respect to all royalties accruing under this contract after the date such more favorable terms become effective, and the Contractor shall promptly notify the Secretary in writing of the granting of such more favorable terms.
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Incorporated by Reference: | Yes |
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Editor: | Marshall |
Personal notes.