Rolling Purchase Orders Clause Samples
The Rolling Purchase Orders clause establishes a system where purchase orders are issued on a recurring or ongoing basis, rather than as one-time transactions. Typically, this means that the buyer and seller agree to a schedule or process for regularly placing new orders, which may be based on forecasted needs, inventory levels, or predetermined intervals. For example, a supplier might deliver a set quantity of goods every month, with each delivery governed by a new purchase order under the same overarching agreement. This clause helps ensure a steady supply of goods or services, streamlining procurement and reducing administrative burden by eliminating the need to negotiate each order separately.
Rolling Purchase Orders. ▇▇▇▇▇▇ will submit to Supplier written Purchase Orders together with its submission of each Forecast, with such Purchase Orders covering the quantity of Products and Disposables set forth in the first quarter of each such Forecast. Turing may, at its discretion, also submit additional Purchase Orders in writing from time to time. All Purchase Orders shall be subject to the minimum lead time requirements set forth in Section 4.7 below. Unless specifically agreed to by Supplier in writing, in the event of any conflict between the provisions hereof and any Purchase Order, the provisions contained herein shall prevail.
Rolling Purchase Orders