Common use of Orders, Rescheduling and Cancellation Clause in Contracts

Orders, Rescheduling and Cancellation. Supplier will acknowledge each Distributor purchase order, in writing, within five working days of receipt thereof and will confirm the requested shipment date or specify an alternative shipment date (“Acknowledged Shipment Date”). Unless PO is specifically stated as non-cancellable PO, distributor may, on at least thirty (30) days prior with written notice, cancel any order without cost or penalty. Distributor may, on at least fifteen (15) days prior written notice reschedule the Acknowledged Shipment Date of any order without cost or penalty. The rescheduled shipment date cannot be more than 60 days from the first original Acknoledgement Shipment Date.