Common use of Conclusion of the Agreement Clause in Contracts

Conclusion of the Agreement. 3.1 An Agreement is concluded between the Parties when both Parties have duly signed the Agreement or when Sandvik has issued a Purchase Order to Supplier and Supplier has confirmed such Purchase Order. Supplier shall submit a written order confirmation to Sandvik within three (3) business days from the receipt of the Purchase Order. Failure to submit such confirmation within the time stated above shall be deemed as an acceptance of the Purchase Order.

Conclusion of the Agreement. 3.1 An Agreement is concluded between the Parties when both Parties have duly signed the Agreement or when Sandvik has issued a Purchase Order to Supplier and Supplier has confirmed such Purchase Order. Supplier shall submit a written order confirmation to Sandvik within three (3) business days from the receipt of the Purchase Order. Failure to submit such confirmation within the time stated above shall be deemed as an acceptance of the Purchase Order.