RETURNS/EXCESS QUANTITIES Clause Samples
The RETURNS/EXCESS QUANTITIES clause governs the process for handling goods that are returned or supplied in quantities exceeding the agreed amount. Typically, it outlines the conditions under which a buyer may return surplus items, the timeframe for such returns, and any restocking fees or procedures that apply. This clause ensures that both parties have clear expectations regarding the management of excess inventory, thereby preventing disputes and facilitating efficient resolution of over-deliveries.
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RETURNS/EXCESS QUANTITIES. Buyer may, at its discretion, return any Materials for any reason whatsoever, if in same condition as received from Supplier, within thirty (30) days of receipt by ▇▇▇▇▇. Seller shall refund Buyer for the purchase price of such returned Material. Buyer shall not be liable for payment for Materials delivered to Buyer that are in excess of quantities specified on any Purchase Orders. Supplier agrees to accept for return, at its expense including transportation charges, excess Materials delivered to Buyer, providing such merchandise is in same condition as received from Supplier. If Supplier refuses the return thereof, the excess Materials shall be deemed abandoned by Supplier and Buyer may dispose of the same without further liability to Supplier.