Common use of Private Label Clause in Contracts

Private Label. Siemens shall private label and market all Products purchased hereunder under Siemens own trade names and trade dress. Costs incurred by Company for changes to Products and for altered materials mandated by such private labeling shall be reimbursed to Company by Siemens. Company may, in good faith, order private label special materials in quantities in excess of Siemens' orders, based upon Siemens' forecasts, and Siemens shall reimburse Company for all such materials and reasonable inventory costs associated, if such materials are not utilized in Products for Siemens. On an exception basis, subject to Company's sole approval, and with mutual agreement required in each case, Company will supply and Siemens may market non-private label Products.