REFUND CLAUSE Clause Samples
A refund clause establishes the conditions under which a party is entitled to receive a return of funds previously paid. Typically, this clause outlines the specific circumstances that trigger a refund, such as product defects, service failures, or cancellations within a designated period, and may detail the process for requesting and issuing refunds. Its core practical function is to protect buyers or clients by providing a clear mechanism for recovering payments when contractual obligations are not met, thereby reducing financial risk and ensuring fairness in the transaction.
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REFUND CLAUSE. In the event of cancellation as outlined in the cancellation clause, J&L ▇▇▇▇▇▇ Group, Inc. will gladly refund the deposit if we are able to rebook the date.
REFUND CLAUSE. The Parties understand and agree that should Distributor be entitled to make any claim or receive payment of a refund of any monies paid under this Agreement, Distributor's right to such claim or Distributor's right to receive such a refund are contingent upon Licensor's making such claim to or receiving such a refund from tire company from which Licensor acquired the rights. Licensor is required to take all reasonable steps in a timely manner to recover such claims or refunds from the company from which it acquired the rights, including but not limited to instituting legal action for such recovery. Licensor represents that it possesses identical rights to recover refunds and claims from the original rights holder, as Licensee has to recover from Licensor. In the event that Licensor does not recover such claims or refunds within 30 business days of receiving notice from Licensee that it is entitled to such relief and by that same date Licensor has not instituted legal action to recover such claims, Licensee has the right but not the obligation to be assigned all claims to such recoveiy which are possessed by Licensor and Licensee shall be free to directly pursue such recovery.