Returned Units Clause Samples
The Returned Units clause defines the terms and conditions under which products or goods that have been previously delivered can be returned by the buyer to the seller. Typically, this clause outlines the acceptable reasons for returns, such as defects or non-conformity with specifications, and may specify procedures for notification, inspection, and the timeframe within which returns must be made. Its core practical function is to establish a clear process for handling returned items, thereby minimizing disputes and ensuring both parties understand their rights and obligations regarding product returns.
POPULAR SAMPLE Copied 1 times
Returned Units. The Company shall be entitled to maintain a reserve against future returns. The base reserve established under this Agreement for any calendar quarter will be ten-percent (10.0%) percent the total royalties due and payable to Contractor, as applicable for such calendar quarter and an accounting period to total four (4) quarters. After the expiration of the accounting period, the reserve shall be paid out to the Contractor less any amount of actual returns received. Therefore, the reserve shall be liquidated after a period not to extend one accounting year or four (4) quarters.
Returned Units. Other than units of Product returned under the warranty provisions hereof, all other returns are limited to Products returned by end users to Reseller within fifteen (15) days of the date of purchase from a reselling customer of Reseller. In addition, DVDO will, for a period of ninety (90) days from the Effective Date, accept returns of unopened units of Product from Reseller's initial one hundred (100) piece purchase order. All non- warranty returns shall be subject to a fifteen percent (15%) restocking charge to be calculated by DVDO against the most recent price(s) paid by Reseller for the Product. Prior to any return of Product, Reseller must obtain a Return Authorization from DVDO. Failure to obtain such Authorization may result in the refusal by DVDO of Reseller's shipment.
Returned Units. You must obtain a Returned Materials Authorization (“RMA”) from us before returning the unit for any reason, including service during the lease or rental and surrender of the unit at the end of the lease or rental. A form is provided on our web site that must be completed and submitted to us in order to obtain the required RMA. We will pay for the shipping of rental units returned for service or at the end of the rental. You will pay for return shipping of leased units returned for service or at the end of the lease. Assuming your compliance with the RMA process, we will pay for the service replacement return shipping costs. You must keep the original packaging for the unit and return the unit only in its original packaging, with all accessories included.