Common use of COUNTERFEIT PARTS Clause in Contracts

COUNTERFEIT PARTS. Minimum requirements for partners The Partner shall comply with all customer (OEM) requirements concerning ownership of tooling and parts. The partner will ensure that products manufactured on behalf of voestalpine for use by automotive OEMs are only supplied to voestalpine or to the OEM, depending of the contract. Any delivery of these products to third parties will be seen as a material breach of the contract and results in legal actions by voestalpine and will entitle voestalpine to terminate the contract and recover all subsequent costs from the supplier. Defective parts which could not be delivered to voestalpine must also be rendered unusable before they can be disposed of as scrap.

Appears in 4 contracts

Samples: Assurance Agreement, Quality Assurance Agreement, Quality Assurance Agreement

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