Materials Commitment; Authorization to Procure Materials Sample Clauses
The "Materials Commitment; Authorization to Procure Materials" clause establishes the contractor's authority to purchase or commit to purchasing materials necessary for the project. Typically, this clause outlines the conditions under which the contractor may order materials, such as requiring prior written approval from the client or specifying limits on the value or type of materials that can be procured in advance. By clearly defining when and how materials can be committed or procured, this clause helps prevent unauthorized expenditures and ensures that both parties are aligned on procurement decisions, thereby reducing the risk of disputes over costs or project scope.
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Materials Commitment; Authorization to Procure Materials. Flextronics shall be entitled to procure Materials in accordance with the agreed Materials Procurement Lead Times, NCNR status and MOQs (along with any economic buy, last-time buy, and other volume purchases, in each case that are pre-approved in writing by an authorized representative of Customer) as required to allow Flextronics to meet the then-current [*] (such purchases of Materials constituting the “Materials Commitment”). For any Materials within the Materials Commitment that become Excess Materials [*] as a result of Customer delaying, rescheduling or cancelling any Purchase Order for the Products in accordance with Section 5.4, Customer will be liable for such Excess Materials in accordance with Section 6. Flextronics will be solely liable for any Materials ordered outside, or in excess, of the Materials Commitment.