Common use of CONTRACT CONFIRMATION Clause in Contracts

CONTRACT CONFIRMATION. The Purchase Order shall be deemed to have been accepted by the Seller, and the Contract shall then be deemed to have been concluded, upon the earlier of the following two events: - receipt by the Company of the acknowledgement of receipt of the Purchase Order signed by the Seller, without modification, - Commencement of performance of the Contract by the Seller without any written reservation on its part. Until such time as the Contract is concluded as specified above, the Company shall be entitled to cancel it without liability or cost to the Company. The conclusion of the Contract as aforesaid shall constitute a firm and definitive commitment on the part of the Seller and shall imply its unreserved acceptance of the Terms.