Common use of COMPATIBLE EQUIVALENT Clause in Contracts

COMPATIBLE EQUIVALENT. Whenever an item is specified in this Contract by trade name of an OEM, the term “compatible equivalent,” if not inserted therewith, shall be implied. Any reference to a particular OEM’s product either by trade name or by limited description is solely for the purpose of more clearly indicating the minimum standard of quality desired. The term “compatible equivalent,” is defined as meaning any other Product which, in the sole opinion of NYSPro, is equal in performance, quality and design in such a way that the Product is directly interchangeable with the referenced Product without modification.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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