Specified Products Sample Clauses
The 'Specified Products' clause defines exactly which goods, items, or services are covered under the agreement. It typically lists or describes the products in detail, such as by model number, specifications, or categories, ensuring both parties are clear on what is included. This clause is essential for preventing misunderstandings or disputes about the scope of the contract, as it clearly delineates the subject matter being bought, sold, or licensed.
Specified Products. USF will maintain an appropriate inventory of all Specified Products, including Proprietary Products (as defined below), under the following conditions:
i. Customer purchases from USF a minimum of [***] cases per week or [***] turns per year, per Distribution Center.
ii. A minimum of [***] days written notice is required for new products to be brought into USF inventory for distribution.
iii. Customer will notify USF at least [***] days in advance of special promotions that may cause unusual or excessive demand on inventory.
iv. If USF does not presently transact business with a supplier/packer designated by Customer, a complete Seller's Agreement from that supplier/packer is required before any product is brought into inventory. This process may take up to [***] days. The current insurance requirement under the Seller's Agreement of $[***] is intended to protect Customer and USF from costs associated with product defect and other third party acts or omissions.
v. Customer's national contracts with manufacturers and manufacturer representatives will be honored by USF. As more specifically set forth in Section 4(f) below, under no circumstances will USF implement manufacturer deviated pricing without written confirmation from the specific manufacturer. If Customer has contracts with a given manufacturer for products not stocked by USF, Customer will give consideration to similar products stocked by USF, provided that the stocking manufacturer will equalize the pricing. Notwithstanding the foregoing, when the cost of products has been negotiated directly between Customer and vendors, such vendors may attempt to place specific performance parameters on USF. These may include, but are not limited to, payment terms, purchase quantity minimums, pick-up minimums and reporting requirements. As USF must manage its own negotiations with vendors to control inventories, warehouse and receiving efficiencies, USF will not accept, and shall in no event be required to accept, such conditions established by Customer specified vendors. USF retains exclusive responsibility for all in-bound logistics.
Specified Products. USF will maintain an appropriate inventory of all Specified Products under the following conditions:
i. The Units purchase from USF a minimum of five (5) cases per week per item, per distribution center or twelve (12) turns per year with the following exceptions: - TEN (10) SLOW-MOVING ITEMS (LESS THAN FIVE CASES PER WEEK) WILL BE PERMITTED AT NO ADDITIONAL CHARGE AT EACH DISTRIBUTION CENTER. - ANY ADDITIONAL SLOW-MOVING ITEMS (LESS THAN FIVE CASES PER WEEK) UP TO A MAXIMUM OF TEN ITEMS WILL BE ALLOWED TO REMAIN IN INVENTORY FOR AN ADDITIONAL $1.00 PER CASE FEE WHICH WILL BE ADDED TO THE DELIVERED COST OF THE PRODUCTS, INCLUDING THE AGREED UPON 10.5% MARGIN.
Specified Products. Seller has not knowingly granted any Person a license under any of the Specified Products Seller has received no written claim of infringement of any intellectual property rights of any person arising out of Seller’s development, manufacture, use, sale, or offer for sale of the Specified Products. Seller has supplied to Purchaser true and correct copies of the 510k applications and approvals for certain Specified Products.
Specified Products. USF will maintain an appropriate inventory of all Specified Products under the following conditions:
i) Customer purchases from USF a minimum of five (5) cases per week per item, per warehouse or twelve