Common use of Assigned and Consigned Components Clause in Contracts

Assigned and Consigned Components. 3.10.1 Company may elect to assign a specific supplier and part number for any component or material, including any rechargeable battery, battery charger, masked IC components, motors, packaging material, and gears. In such case, Jabil shall source such Assigned Components from the applicable supplier and implement supply optimization inventory practices. In the event that Company elects to transfer to Jabil the purchasing responsibility for any Consigned Component, Jabil shall assume such responsibility as soon as reasonably practicable. The Parties will work in good faith to identify and implement all reasonable measures to allow for Jabil to assume such purchasing responsibility for such Consigned Component.

Appears in 4 contracts

Samples: Manufacturing Services Agreement (Irobot Corp), Manufacturing Services Agreement (Irobot Corp), Manufacturing Services Agreement (Irobot Corp)

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