Innovel definition
Examples of Innovel in a sentence
The purchased assets would include (a) the go-forward retail footprint of approximately 425 stores and related real estate interests (including headquarters and distribution locations) and certain designation rights with regard to additional real estate interests, inventory, infrastructure and material related contracts and (b) Sears Auto Centers, Shop Your Way, Monark, Innovel, Sears Home Services (including the PartsDirect business unit), material related contracts and the KCD IP Notes.
Purchaser acknowledges that Innovel is not required to sell any minimum quantities of Product to Purchaser and Purchaser is not required to purchase any minimum quantities of Product from Innovel.
Innovel shall invoice Purchaser for the Product in each shipment, at the time the shipment is received by Purchaser at Purchaser’s designated delivery point.
Purchaser shall make all payments for the Product to "Innovel Solutions, Inc." by wire transfer or intercompany transfer.
This Agreement may be terminated immediately by Innovel or Purchaser with or without cause by providing 90 days prior written notice to the other.
Purchaser shall not identify Innovel as its source of the Product, except in response to disclosure ordered by a court of competent jurisdiction or a request by a governmental body.
Purchaser may not assign this agreement without the express, written permission of Innovel, and any attempted assignment in violation of this provision is void.
The parties agree that all purchases of Product by Purchaser from Innovel are governed by this Agreement and the parties agree to comply with all of the following terms and conditions.
Innovel will not be liable for any delay in or the impairment of performance resulting in whole or in part from Acts of God, labor disruptions, shortages, inability to produce product, supplies of raw materials, weather conditions, war or any other circumstances or causes beyond the control of Innovel.
Purchaser must assert any claim for shortage of Product to Innovel no more than 30 days after delivery (or scheduled delivery, if delivery was not made) of the Product to Purchaser.