Binding Quantities Clause Samples
The Binding Quantities clause establishes the specific amounts of goods or services that a party is obligated to purchase or deliver under a contract. In practice, this clause sets a fixed or minimum quantity that must be honored, regardless of changes in demand or other circumstances, and may apply to single or multiple delivery periods. Its core function is to provide certainty and predictability for both parties by clearly defining the volume commitments, thereby reducing the risk of disputes over order sizes or fulfillment obligations.
Binding Quantities. The first [***] Calendar Quarters of each Rolling Forecast submitted by Myovant shall constitute a firm order (“Firm Order Period”). The [***] Calendar Quarter of each Rolling Forecast shall be binding upon Myovant within plus or minus [***] of the amount set forth for such Calendar Quarter in full lot increments (“Binding Order Period”). The final [***] Calendar Quarters of each Rolling Forecast shall be non-binding upon Myovant.
Binding Quantities. With respect to each Rolling Forecast submitted by Myovant in accordance with Section 7.1.1, the first number of months specified below under “Firm Order Period” (each as applicable, a “Firm Order Period”) [***] (“Firm Order”). [***]. [***] [***] [***] [***] [***] [***] [***] [***]
Binding Quantities