Common use of OFFER AND ACCEPTANCE; PRICING Clause in Contracts

OFFER AND ACCEPTANCE; PRICING. (a) NK shall have the right to purchase from Aspect Kits at a transfer price of US[**] per Kit. For each proposed purchase by NK from Aspect, NK shall present a purchase order to Aspect (a "Purchase Order"). Each Purchase Order shall be deemed an offer to purchase and, unless NK is notified in writing to the contrary within five (5) Business Days after Aspect receives it, such Purchase Order shall be deemed accepted by Aspect.

Appears in 5 contracts

Samples: License Agreement (Aspect Medical Systems Inc), License Agreement (Aspect Medical Systems Inc), International License Agreement (Aspect Medical Systems Inc)

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