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Business Taxes Law Guide—Revision 2024
Transactions and Use Tax Annotations
800.0000 Application of Transactions (Sales) Tax and Use Tax—Regulation 1823
Annotation 800.0015
800.0015 Fixed-Price Contract—Unconditional Right to Terminate. The following terms and conditions contained in a fully-executed sales contract are not the type of unconditional termination clauses which would disqualify it from being a fixed-price contract: "Seller may make changes only with the written consent of the purchaser and the purchaser may terminate the contract only upon full payment for goods already shipped or by payment of a reasonable amount for goods not shipped which the seller cannot recover from other sources." 10/4/90.