Common use of Return of Inventory Clause in Contracts

Return of Inventory. In the event of the Supplier terminating this contact without cause, Supplier will repurchase from Distributor any or all unsold products, that were shipped within the last 180 days, designated by Distributor from its inventory at the price paid therefor by Distributor, less any prior credits taken by Distributor on such products. If Distributor terminates this Agreement without cause, or Supplier terminates it with cause, the price will be reduced by a five percent handling charge and Distributor will pay all freight and shipping charges (which otherwise will be paid by Supplier). In the event of any termination, Supplier will, at Distributor’s request, honor any Distributor purchase order then outstanding. In the event of inventory return, Supplier will be required to accept only those products which are in their original unopened packaging. No termination of this Agreement will affect any obligation of either party to pay amounts due to the other hereunder.

Return of Inventory. In the event of the Supplier terminating this contact without cause, Supplier will repurchase from Distributor any or all unsold products, that were shipped within the last 180 days, designated by Distributor from its inventory at the price paid therefor by Distributor, less any prior credits taken by Distributor on such products. If Distributor terminates this Agreement without cause, or Supplier terminates it with cause, the price will be reduced by a five percent handling charge and Distributor will pay all freight and shipping charges (which otherwise will be paid by Supplier). In the event of any termination, Supplier will, at Distributor’s request, honor any Distributor purchase order then outstanding. In the event even of inventory return, Supplier will be required to accept only those products which are in their original unopened packagingpackaging or are undamaged and in merchantable condition. No termination of this Agreement will affect any obligation of either party to pay amounts due to the other hereunder.