Consigned Inventory definition
Examples of Consigned Inventory in a sentence
The Company, at its expense, may review books and records of Sales Agent as they relate to Consigned Inventory as well as to physically audit the Consigned Inventory, and Sales Agent agrees to cooperate with such review.
The financial responsibility resulting in any discrepancies of the Consigned Inventory shall be negotiated in good faith by the parties.
Except to the extent that such Consigned Inventory has been consigned to a hospital in accordance with Section 7.7, if any Consigned Inventory is returned damaged, then the Company, to the extent possible, will repair or refurbish the Consigned Inventory and invoice Sales Agent for the cost of said repairs and handling.
Zimmer Biomet agrees, subject to these Terms, to deliver or procure the delivery of Consigned Inventory and Loan Kits to such site/s as agreed between Zimmer Biomet and the Customer in writing on the basis that all delivery costs including call out costs for urgent requests are payable by the Customer unless otherwise agreed in writing.
Use of Consigned Inventory or Loan Kit Inventory by Customer shall be deemed to constitute an agreement by Customer to purchase the relevant Products in accordance with these Terms.