Non-Cancelable Orders Clause Samples
A Non-Cancelable Orders clause establishes that once an order is placed, it cannot be canceled or modified by the buyer. In practice, this means that the buyer is fully committed to purchasing the goods or services specified in the order, regardless of any subsequent changes in circumstances or needs. This clause is commonly used in industries where products are custom-made or require significant upfront investment by the seller. Its core function is to protect the seller from financial loss due to last-minute cancellations, ensuring stability and predictability in production and supply chains.
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Non-Cancelable Orders. If OEM submits non-cancelable Orders for a Product that is scheduled to be changed before the date on which that change is scheduled to become effective, and those Orders specify delivery within * * * after that effective date, SSI will use reasonable efforts to fill those orders.
Non-Cancelable Orders. RED intends to purchase * million units of the Products from CloudMinds. RED acknowledges that CloudMinds’ commitment to Product development, competitive pricing and cost transparency may include costs of R&D (exclusive ID), IPR, Certifications for open market, Materials Purchases and Manufacturing. RED therefore agrees that orders for at least * units in the First Year (“Non-Cancelable Orders”) are necessary to support such development costs. If RED does not meet the Non-Cancelable Orders quantity in the First Year, then the total amount owed by RED for the First Year will include Supplemental NRE payments as described in Section 4.6.3. To be clear, RED is under no binding obligation to purchase any units beyond the agreed Non- Cancellable Orders..
Non-Cancelable Orders. Accepted orders for Products are non-cancelable, non- returnable, and non-refundable.