Operationalization. 5.1. The chief executive officer of each of the Parties shall mutually agree upon the operational guidelines (“Operational Guidelines”) which shall set out the manner in which the purchase and sale of Materials and Services under the Agreement shall be undertaken and which shall be followed by the Parties at all times. The Operational Guidelines shall inter alia provide for: 5.1.1. the mechanism for placement and acceptance / rejection of orders from one Party to the other Party under this Agreement; 5.1.2. quality parameters to be followed for the Materials and Services supplied under this Agreement; 5.1.3. manner of supply of Materials and Services, including packaging, logistics, delivery schedule, etc; 5.1.4. pricing of Materials and Services; 5.1.5. invoicing and payment mechanism; 5.1.6. reconciliation of accounts; 5.1.7. record keeping; 5.1.8. code of conduct for employees of each Party who are engaged in performance of rights and obligations of this Agreement.
Appears in 5 contracts
Sources: Master Supply Agreement, Master Supply Agreement, Master Supply Agreement