Shared Inventory Clause Samples
The Shared Inventory clause establishes the terms under which two or more parties jointly manage and utilize a pool of goods or materials. Typically, this clause outlines how inventory is contributed, tracked, accessed, and replenished by each party, and may specify procedures for resolving discrepancies or shortages. Its core function is to facilitate efficient resource sharing and coordination, reducing duplication and ensuring that all parties have reliable access to necessary inventory while clearly defining responsibilities and processes.
Shared Inventory. The Seller IM team may, from time to time, propose the branch transfer of shared Inventory to Buyer. If Buyer doesn’t wish to participate in such transfer (and pay the related costs), Buyer must elect to have a logical separation of the Inventory for the affected SKUs; which election will be irrevocable until the current inventory is sold through. If Buyer does not elect to separate the Inventory, then Buyer shall be deemed to approve the branch transfer and will be liable for its share of the related costs.
Shared Inventory. San ▇▇▇▇ Coal Company inventory, force majeure inventory and live inventory, as defined in Appendix A to this Funding Agreement.