Common use of Return of Inventory Clause in Contracts

Return of Inventory. 12.6.1 In the event SUPPLIER terminates this Agreement without cause or elects not to renew the same, or DISTRIBUTOR terminates this Agreement for cause, SUPPLIER shall repurchase from DISTRIBUTOR any and all unsold Products designated by DISTRIBUTOR from its inventory at the price paid therefor by DISTRIBUTOR, less any prior credits granted by SUPPLIER on such Products. SUPPLIER shall pay all freight and shipping charges in connection with such repurchases.

Appears in 5 contracts

Samples: Distributorship Agreement (Surge Components Inc), Distributor Agreement (Surge Components Inc), Distributorship Agreement (Surge Components Inc)

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Return of Inventory. 12.6.1 11.6.1 In the event SUPPLIER terminates this Agreement without cause or elects not to renew the renewthe same, or DISTRIBUTOR terminates this Agreement for cause, SUPPLIER shall repurchase from DISTRIBUTOR any and all unsold Products designated by DISTRIBUTOR from its inventory at the price paid therefor by DISTRIBUTOR, less any prior credits granted by SUPPLIER on such Products. SUPPLIER shall pay all freight and shipping charges in connection with such repurchases.

Appears in 1 contract

Samples: Distributor Agreement (Surge Components Inc)

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