Common use of IT System Clause in Contracts

IT System. The Sellers shall cause Novita to be able to independently invoice its customers, in accordance with the current practices of Hypermarcas with respect to the BPC Business. For such purposes, Hypermarcas shall create, within its own IT environment, the sub-systems required for Novita to issue its invoices for the sale of products. 8.2.10.1. For the purposes of clarity, the obligation contained in Section 8.2.10 above shall not be interpreted or construed as an obligation of Sellers to develop an independent IT system for the Companies, nor to transfer and integrate the sub-system created in accordance with Section 8.2.10 above into the Buyer’s own system, which shall be the sole responsibility of Buyer.

Appears in 2 contracts

Sources: Assignment and Transfer Agreement, Assignment and Transfer Agreement (Coty Inc.)