A comprehensive long term contract in catalysis typically includes:
1. Duration: The length of the contract, often ranging from 3 to 10 years. 2. Supply Terms: Detailed terms about the quantity, quality, and delivery schedule of the catalysts. 3. Pricing Structure: The agreed-upon pricing, which may include clauses for price adjustments based on market conditions or raw material costs. 4. Performance Metrics: Specifications on the performance of the catalysts, ensuring they meet the required efficiency and effectiveness. 5. Intellectual Property: Clauses regarding the ownership and protection of any intellectual property related to the catalysts.
