Primary stock Clause Samples

Primary stock. The seller agrees to manufacture and hold in stock, in their warehouse, for the first ………… months of this agreement 25,000 blankets of 50% wool content and 25,000 blankets of 30% wool content (according to the attached detailed specifications). As a member of the inter-agency initiative, the Buyer will draw down on the stock if and when required. In such case, the Seller will ensure that such stock is replenished. At the end of the ………… month, of the agreement, the Buyer (in collaboration with inter-agency members) will advise the Seller of their requirement for further stocks and their intention to renew this agreement. Should the agreement not be renewed the Seller shall have the right to dispose of any remaining stocks. Reserve stock: The seller agrees to stock sufficient raw material to manufacture up to an additional 100,000 blankets within a maximum of three weeks of a confirmed purchase order from the Buyer.