General Purchasing Provisions Clause Samples
The General Purchasing Provisions clause establishes the foundational terms and conditions that govern the purchase of goods or services between parties. It typically outlines procedures for ordering, delivery, payment, inspection, and acceptance of goods, as well as responsibilities and obligations of both the buyer and the seller. By setting these baseline rules, the clause ensures consistency and clarity in transactions, reducing the risk of misunderstandings and disputes throughout the purchasing process.
General Purchasing Provisions. 2.1. GPO Laws and Regulations. HealthTrust is a group purchasing organization as defined in 42 C.F.R. § 1001.952(j). The Parties acknowledge that it is their intent to establish a business relationship in which payments by Vendor to HealthTrust and Purchasers comply with the exceptions to the Medicare and Medicaid Anti- Kickback statute set forth at 42 U.S.C. § 1320a-7b(b)(3) (A) and (C), the “safe harbor” regulations regarding discounts set forth in 42 C.F.R. § 1001.952(h), and the “safe harbor” regulations regarding payments to group purchasing organizations set forth in 42 C.F.R. § 1001.952(j); and the Parties believe that the relationship contemplated by this Agreement is in compliance with those requirements.
General Purchasing Provisions. 2.1. GPO Laws and Regulations. HPG represents and Vendor recognizes that HPG is a group purchasing organization as defined in 42 C.F.R. § 1001.952(j). The Parties acknowledge that it is their intent to establish a business relationship in which payments by Vendor to HPG and Purchasers comply with the exceptions to the Medicare and Medicaid Anti-Kickback statute set forth at 42 U.S.C. § 1320a-7b(b)(3) (A) and (C), the “safe harbor” regulations regarding discounts set forth in 42 C.F.R. § 1001.952(g), and the “safe harbor” regulations regarding * Confidential treatment has been requested with respect to certain portions of this exhibit. Omitted portions have been filed separately with the Securities and Exchange Commission. payments to group purchasing organizations set forth in 42 C.F.R. § 1001.952(j); and the Parties believe that the relationship contemplated by this Agreement is in compliance with those requirements.
General Purchasing Provisions