Common use of RETURN GOODS POLICY Clause in Contracts

RETURN GOODS POLICY. After receipt of the Products and during the ninety (90) day warranty period described in Section 7.1, SANYO may inspect the Products to confirm no shortfall and conformity of Products to the warranties set forth in Section 7.1. Should SANYO find any shortfall or non-conformity in the delivered Products as a result of such inspection, HOKU shall, at SANYO’s sole discretion, fulfill such shortfalls and/or replace the non-conforming Products with conforming Products or refund to SANYO for such non-conforming Products pursuant to Section 7.1. To assure prompt handling, SANYO must obtain and HOKU must issue, upon SANYO’s written notice to HOKU, a return goods authorization number and SANYO shall reference this number on return shipping documents. Returns of Products made without the authorization number shall be returned to SANYO, freight collect. HOKU reserves the right to reverse any credit issued to SANYO: (i) for any Product not returned after authorization and request by HOKU; or (ii) if, upon return, such Product is reasonably determined by HOKU not to be non-conforming based on legitimate evidence supporting such determination which may be reasonably acceptable to SANYO.

Appears in 2 contracts

Sources: Supply Agreement (Hoku Scientific Inc), Supply Agreement (Hoku Scientific Inc)