Common use of WIP Clause in Contracts

WIP. The purchase price for the WIP shall be the Seller’s cost of parts and accessories (with no internal markup) and the cost of the Seller’s service technician wage expense (with no internal markup); MINUS

Appears in 2 contracts

Sources: Asset Purchase Agreement (LMP Automotive Holdings, Inc.), Asset Purchase Agreement (LMP Automotive Holdings, Inc.)

WIP. The purchase price value for the WIP shall be the Seller’s cost of parts and accessories (with no internal markup) and the cost of the Seller’s service technician wage expense (with no internal markup); MINUS

Appears in 1 contract

Sources: Asset Purchase and Contribution Agreement (LMP Automotive Holdings, Inc.)