Order Acknowledgment and Acceptance/Rejection Sample Clauses
The Order Acknowledgment and Acceptance/Rejection clause defines the process by which a seller formally responds to a buyer's purchase order, either accepting or rejecting it. Typically, this clause outlines the timeframe within which the seller must acknowledge receipt of the order and specify whether the order is accepted as is, accepted with modifications, or rejected. For example, a seller may be required to confirm acceptance within five business days, or else the order may be considered void. This clause ensures both parties are clear on the status of the order, reducing misunderstandings and providing a structured process for handling purchase requests.
Order Acknowledgment and Acceptance/Rejection. The terms and conditions of this Agreement shall apply to all HKIS Orders submitted to T/R and supersede any different or additional terms contained on HKIS' Orders or T/R's order acknowledgments or other similar documents. All orders are subject to acceptance, which acceptance shall not be unreasonably withheld by T/R, by issuance of an order acknowledgement or similar document. Notwithstanding the foregoing, HKIS Orders conforming to the requirements of this Agreement, which are not rejected by T/R within five (5) days of receipt, shall be automatically be deemed accepted by T/R. Lead times for Deliverables are specified in Schedule 2, and T/R shall not be required to deliver Deliverables earlier than the specified lead time from the date of receiving HKIS' Order. T/R shall use reasonable efforts to provide for timely delivery of accepted HKIS Orders. Notwithstanding the foregoing, T/R shall not be responsible for any expenses arising from a failure to deliver a quantity specified in a HKIS Order which exceeds the previously-forecasted quantity by more than * percent (*%), and in no event shall T/R be liable to HKIS or any third party for consequential damages such as loss of sales. HKIS shall be entitled to cancel or reschedule in whole or in part any Order which T/R is late in delivering by providing written notice thereof to T/R prior to actual delivery HKIS shall have the right to inspect Deliverables after delivery by T/R and to reject nonconforming or defective Deliverables within thirty (30) days of the date of delivery by requesting a Return Material Authorization number from T/R and returning the defective or nonconforming Deliverables to T/R, freight prepaid, F.O.