Product Defects and Returns Sample Clauses
The 'Product Defects and Returns' clause outlines the procedures and responsibilities related to handling products that are found to be defective or unsatisfactory. Typically, this clause specifies the timeframe within which defects must be reported, the process for returning or replacing faulty goods, and any conditions or limitations on returns. Its core practical function is to ensure that buyers have recourse if products do not meet agreed standards, while also providing clear guidelines for both parties to resolve such issues efficiently.
Product Defects and Returns. In the event that Alvogen receives any shipment of Products (or a portion thereof) that are not in compliance with the Packaging Specifications or are otherwise damaged or defective (other than as a result of a failure to conform to the applicable Product Specifications, in which case Alvogen’s rights with respect to such defective Product shall be as set forth in Section 7.8), Alvogen shall notify Alvotech within five (5) days following the day on which Alvogen received such Products, specifying the grounds for such rejection. Following delivery of such notice to Alvotech, Alvogen may return to Alvotech, at Alvotech’s cost and expense, any such Products and Alvotech shall, at Alvogen’s option, either credit Alvogen’s account or provide non-defective replacement Products at no cost to Alvogen.
Product Defects and Returns