Branded Goods Clause Samples
The Branded Goods clause defines the terms and conditions under which products bearing a specific brand or trademark are supplied, distributed, or sold. It typically outlines requirements for the use of branding, quality control standards, and the responsibilities of each party regarding the maintenance and protection of the brand's reputation. For example, it may specify how the brand's logo can be used on packaging or marketing materials and set guidelines for reporting sales of branded items. The core function of this clause is to protect the integrity and value of the brand while ensuring that all parties involved adhere to agreed-upon standards and practices.
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Branded Goods. In the event of a claim for Damage to the Property Insured any salvage of branded goods, and/or merchandise either in the Insured's own possession or held by them in trust or on commission, and/or goods sold but not delivered shall not be disposed of by sale without the consent of the Company. If such salvage is not disposed of by sale then the claim will be assessed at the value agreed between the Insured and the Company and taken into consideration at the settlement of the loss.
Branded Goods. If Concessionaire operates a branded concept where prices are set by the brand, Concessionaire must use the prices set by the brand. Concessionaire must provide evidence of the brand pricing. If a brand changes prices, Concessionaire must provide the new prices to the Port prior to changing prices in the Airport location.
Branded Goods. In the event that salvaged or branded goods incur damage and cannot be sold, then Bryte is entitled to deduct the reasonable value of the salvaged or branded goods (as determined by an independent assessor appointed by ▇▇▇▇▇) from the amount payable in respect of the claim.