Common use of Initial Inventory Clause in Contracts

Initial Inventory. On or before the Effective Date, we agree to: (a) procure the initial Inventory which you will purchase for its Cost Value, except in the case of consigned merchandise; (b) debit your Open Account for any prepaid Operating Expenses; (c) help you clean and stock the Store; and (d) provide other services to prepare the Store to open for business.

Appears in 2 contracts

Sources: Franchise Agreement, Franchise Agreement (7 Eleven Inc)