Raw Material Procurement Clause Samples
The Raw Material Procurement clause outlines the responsibilities and procedures for sourcing and acquiring the materials necessary for production or service delivery. It typically specifies the standards for quality, timelines for delivery, and the parties responsible for ordering and payment. For example, it may require the supplier to provide materials that meet certain specifications or to notify the buyer of any anticipated shortages. This clause ensures a reliable supply of essential materials, helping to prevent production delays and clarify accountability in the procurement process.
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Raw Material Procurement. OptiNose, [***], is responsible for the purchase of all API, cap and liquid delivery subassembly, and CPL is responsible for the purchase of all other Raw Materials. CPL is responsible for the receipt, storage, sampling, testing and release for use of all Raw Materials, including without limitation the OptiNose Components, according to Specifications, the Quality Agreement and Applicable Laws. For some Raw Materials, OptiNose may instruct CPL to use specific suppliers to leverage existing contracts. CPL shall be entitled to include in the Purchase Price [***].
Raw Material Procurement. OptiNose, at its sole cost and expense, is responsible for the purchase of all OptiNose Components, and Hikma is responsible for the purchase of all other Raw Materials. Hikma is responsible for the receipt, storage, sampling, testing and release for use of all Raw Materials, including without limitation the OptiNose Components, according to Specifications, the Quality Agreement and Applicable Laws. For some Raw Materials, OptiNose may instruct Hikma to use specific suppliers to leverage existing contracts and, in such scenarios [***]. Other than as may otherwise be part of the Purchase Price, Hikma shall not be entitled to any additional administration or other pass-through fees or expenses in connection with the Raw Materials procured by Hikma from any third party; provided, however, that [***].
Raw Material Procurement. In the event Amgen elects to manufacture or have manufactured by a Third Party any portion of its needs or requirement for Product or Licensed Product, Amgen shall not be restricted from procuring Raw Materials from Third Parties, and Nektar agrees, upon request by Amgen, to supply Amgen with all requested Raw Materials required for manufacture of the Product or Licensed Product at [***] to the extent that such Raw Materials are available from Nektar’s suppliers to fulfill any such requests by Amgen. Nektar will [***] to obtain or maintain the ability to resell Raw Materials to Amgen pursuant to this Section 6.2.