Common use of Orders and Terms of Sale Clause in Contracts

Orders and Terms of Sale. Except as otherwise expressly stated in this Agreement, GSK shall have the sole right to (i) receive, accept and fill orders for the Collaboration Products, (ii) control invoicing, order processing and collection of accounts receivable for the Collaboration Products sales, (iii) record the Collaboration Products sales in its books of account, and (iv) establish and modify the commercial terms and conditions with respect to the sale and distribution of the Collaboration Products, including without limitation matters such as the price at which the Collaboration Products will be sold and whether any discounts, rebates or other deductions should be made, paid or allowed.

Appears in 3 contracts

Samples: Collaboration Agreement (Theravance Inc), Collaboration Agreement (Theravance Inc), Preferred Stock Purchase Agreement (Theravance Inc)

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Orders and Terms of Sale. Except as otherwise expressly stated in this Agreement, GSK shall have the sole right to (i) receive, accept and fill orders for the Collaboration Alliance Products, (ii) control invoicing, order processing and collection of accounts receivable for the Collaboration Alliance Products sales, (iii) record the Collaboration Alliance Products sales in its books of account, and (iv) establish and modify the commercial terms and conditions with respect to the sale and distribution of the Collaboration Alliance Products, including without limitation matters such as the price at which the Collaboration Alliance Products will be sold and whether any discounts, rebates or other deductions should be made, paid or allowed.

Appears in 3 contracts

Samples: Governance Agreement (Theravance Inc), Strategic Alliance Agreement (Theravance Inc), Strategic Alliance Agreement (Theravance Inc)

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