Orders and Forecasting Clause Samples
The "Orders and Forecasting" clause defines the procedures and requirements for placing purchase orders and providing sales or demand forecasts between parties. Typically, it outlines how and when forecasts must be submitted, whether they are binding or non-binding, and the process for converting forecasts into actual orders. For example, a buyer may be required to provide monthly forecasts of expected product needs, which help the supplier plan production and inventory. This clause ensures both parties have clear expectations regarding future demand, reducing the risk of supply shortages or overproduction.
Orders and Forecasting. 4.1 If OPM wants to purchase Halloysite Compound, it shall place a Purchase Order. That Purchase Order shall include a corresponding Purchase Order from NNI of Product required make the ordered quantity of Halloysite Compound. All purchases and sales between NNI and OPM shall be initiated by OPM’s issuance of written Purchase Orders sent via mail, or via telephone or facsimile or other mutually agreeable means and then confirmed by written Purchase Orders. The acceptance by NNI of a Purchase Order shall be indicated by written acknowledgment thereof by NNI within five (5) business days of its receipt of such Purchase Order. If any specific provision of any Purchase Order is inconsistent with this Agreement, then this Agreement will govern and the inconsistent provision of such Purchase Order will be applicable only to the extent that it is consistent with this Agreement.
4.2 OPM shall have the right to cancel any Purchase Order or any portions thereof for any reason by notifying NNI in writing no later than five (5) days after OPM submits such Purchase Order pursuant to Section 4.1, except, however, that OPM shall pay for any Halloysite Compound that has been produced prior to the effective date of any cancellation (in whole or in part) of the Purchase Order for such Halloysite Compound. The effective date of any such cancellation shall be the date upon which NNI receives the written cancellation notice from OPM.
Orders and Forecasting a. The Purchaser shall, provide the Supplier with a [ * ] rolling forecast on a quarterly basis ("Forecast Schedule") by the [ * ] of the [ * ]. The first such Forecast Schedule and the corresponding purchase order (“Order”) shall be provided to the Supplier on or before the Effective Date.
Orders and Forecasting. Genzyme shall purchase the Collaboration Products exclusively from RenaGel LLC. At all times, Genzyme shall provide RenaGel LLC with non-binding forecasts and binding purchase orders consistent with RenaGel LLC's obligations to its suppliers, including without limitation RenaGel LLC's obligations under Section 5.3 of the Dow Agreement. The Program Management Team shall meet on a monthly basis to review the standard operating procedures document agreed upon by the Parties and the forecasts. Genzyme shall place orders for the Collaboration Products with RenaGel LLC on a purchase order setting forth the quantity of Collaboration Products ordered, any specifications therefor and the date required. RenaGel LLC, on the date set forth in the applicable purchase order, shall sell the Collaboration Products to Genzyme for resale within the Territory. All freight, insurance, duties and all other charges associated with shipment of the Collaboration Products shall be considered Commercialization Costs for such Collaboration Products only to the extent such costs are not charged to Genzyme's customers.
Orders and Forecasting. Genzyme shall purchase the Collaboration Products exclusively from ATIII LLC. Genzyme shall place orders for the Collaboration Products with ATIII LLC on a purchase order setting forth the quantity of Collaboration Products ordered, any specifications therefor and the date required. ATIII LLC, on the date set forth in the applicable purchase order, shall sell the Collaboration Products to Genzyme for resale within the Territory. All freight, insurance, duties and all other charges associated with shipment of the Collaboration Products shall be considered Commercialization Costs for such Collaboration Products only to the extent such costs are not charged to Genzyme' customers.
Orders and Forecasting. Genzyme shall purchase the Collaboration Products exclusively from RenaGel LLC. As long as the Dow Agreement remains in full force and effect, Genzyme shall provide RenaGel LLC with non-binding forecasts and binding purchase orders in a manner consistent with RenaGel LLC's obligations under Section 5.3 of the Dow Agreement. Genzyme shall place orders for the Collaboration Products with RenaGel LLC on a purchase order setting forth the quantity of Collaboration Products ordered, any specifications therefor and the date required. RenaGel LLC, on the date set forth in the applicable purchase order, shall sell the Collaboration Products to Genzyme for resale within the Territory. All freight, insurance, duties and all other charges associated with shipment of the Collaboration Products shall be considered Commercialization Costs for such Collaboration Products only to the extent such costs are not charged to Genzyme's customers.
Orders and Forecasting