Buy Back Policy Clause Samples

A Buy Back Policy clause outlines the conditions under which a seller or issuer agrees to repurchase goods, shares, or assets from the buyer at a future date or upon the occurrence of specific events. Typically, this clause details the timeframe, pricing mechanism, and any triggers that would obligate the seller to buy back the item, such as product defects, non-performance, or changes in ownership. The core function of this clause is to provide assurance to the buyer by mitigating risk and offering a clear remedy if certain agreed-upon circumstances arise.
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Buy Back Policy. You may require Buy-Back of Products bought by you within one year of the date of such request at any time during the subsistence of the Associate Agreement. The Buy-Back will be made under the terms set out in 2.10.2 below. If you resign your membership at any time after the expiration of the 14-day cancellation period under the preceding Section 2.9, and upon your request, we will repurchase all Products from you in accordance with this Buy-Back Policy, subject to the following conditions: 2.10.1 Products (including training and promotional materials, business manuals and kits) purchased by you within 90 days of the date of termination. We will reimburse to you the full VAT-inclusive price paid by you for those Products less a reasonable handling fee. We may further withhold an amount equal to the diminution of the value of the Products resulting from your improper handling of the Products. 2.10.2 Products bought within 12 months of the date of termination. In this case reimbursement will be made at a price not less than 90 percent, of the VAT-inclusive price paid by you for those Products less an amount equal to: (i) any commissions, bonuses or other benefits (in cash or in kind) received by you in respect of those Products; (ii) any amounts due from you to us on any account; and (iii) a reasonable handling charge. All Products must be unused and in a commercially resalable condition. You must return all Products to us within 14 days of the termination. All bonuses, compensation, BV/PV, and recognition or advancement received as a result of the original purchases will be reversed and deducted from the refund and/or the respective Sponsor’s compensation. Please notify your Sponsor of your intention to terminate your membership. If eligible for a refund, Isagenix will credit the original form of payment within 30 days of the Product being logged as returned by our distribution centre. Your account will be closed once the refund is issued. All returns must be made to the following address:
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Buy Back Policy. If a CE chooses not to stay on with Trades of Hope as a CE, Trades of Hope will repurchase any marketable inventory and sales aids purchased within the past 12 months at 90 percent or more of the original cost. Marketable inventory is defined by Trades of Hope as product solely purchased within the CE store/catalog. The CE is required to mail the products back to the company and to notify customer service with a written request. Products need to be in the current catalog and sellable condition. Replicated website and Hope Marketing Portal charges are not included in this policy and will not be refunded. If you observe a violation of Trades of Hope Policies and Procedures by another Trades of Hope CE, please submit a report (electronic or written) to Trades of Hope Customer Service describing the circumstances, evidence and any other pertinent information. Your report to the Company will be held in the strictest confidence.
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Buy Back Policy. The VCMT agrees to allow buyback / exchange of goods within 30 days of purchase / delivery of product as per the refund policies of the company.
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Buy Back Policy. 6-1 Decho Bio practices Buy Back Policy to ensure maximum satisfaction of its Distributors. This policy allows every Distributor to return Products in its original condition and of merchantable quality. 6-2 Products in the “original condition and of merchantable quality” means the Products which are still in the market (the production has yet to stopped), with the price label still intact and clean, warranty card / paper if any, unopened box and in good condition and with at least 18 months product shelf life. 6-3 Decho Bio reserves the right to reject any returned Product that does not meet such requirements. 6-4 Products returned should be accompanied with the following documents: (a) relevant cash bills / invoices (only original copy is considered valid); (b) Delivery Order (c) Product Return Form 6-5 The Buy Back Policy is to seek to impose the responsibility to the sponsors to ensure their sponsored Distributors purchase products wisely. Distributors are advised not to purchase products more than they can be sold.
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Buy Back Policy. The Bestway Future agrees to allow buyback / refund of goods within 30 days of purchase of product.
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Buy Back Policy. 12.1) ▇▇▇▇▇▇ provides a Buy Back Policy to distributors who wish to terminate his/her distributorship and return any ▇▇▇▇▇▇’s products that is in good condition, useable, resalable, restockable, unopened, unaltered and the shelf-life of the good have not expired, which is purchased within the 30 days from the date of his resignation. 12.2) Upon approval, amount refunded will be equal to distributor cost of product being returned, less total bonus paid on the original purchase and less 10% service charge from distributor Price of the products toward the cost of handling charge and freight. This Buy Back Policy is designed to impose upon the sponsor and the company the obligation to ensure that the distributor is buying products wisely.
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Buy Back Policy. 24.1 Gyankul practices Buy Back Policy to ensure maximum satisfaction to its end users/ consumers or Distributors. This policy allows every Distributor or consumer to return unsold GYANKUL Products in its original condition and of merchantable quality within 30 days from the date of purchase to the seller. Product in the “original condition and of merchantable quality” means the products which are still in the market (the production has not yet stopped), with the price label still intact and clean, unopened box and in good condition. Gyankul reserves the right to reject any returned Product that does not meet such specification or condition. The distributor must fill the distributor buy back forms and submit the same to any of the Gyankul offices or branches under acknowledgment. 24.2 Distributors on resignation/termination of distributorship are entitled to return all unsold products purchased by them during the preceding Six months prior to resignation as long as the said products are in sealed condition, merchantable quality and within reasonable shelf life, as determined by Gyankul. 24.3 Gyankul reserves the right to deduct any bonus paid on the product returned to it by its distributors to the extent it has been paid/enjoyed by the said Distributor who returns the products.Otherwise, the bonus paid on the returned products will also be recovered from the other distributors who have enjoyed the same. 24.4 Products returned should be accompanied with the following documents: (a) Relevant cash bills/invoices (only original copy is considered valid); (b) Filled in Buyback form 24.5 Gyankul will send the full refund against the product returned by a crossed cheque/ fund transfer to Bank Account subject to any deduction mentioned under Clause 24.3. The cheque /fund transfer will be made within Thirty (30) days from the returned date. 24.6 Distributors are advised not to over purchase. Purchase of Products should be made based on realistic estimation of the customer’s orders.
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Related to Buy Back Policy

  • Clawback Policy The Stock Units are subject to the terms of the Corporation’s recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of the Stock Units or any shares of Common Stock or other cash or property received with respect to the Stock Units (including any value received from a disposition of the shares acquired upon payment of the Stock Units).

  • Board Policy This Agreement constitutes officially adopted Board policy for the term of said Agreement, and the Board and the Association shall carry out the commitments contained herein and give them full force and effect.

  • SPAM POLICY You are strictly prohibited from using the Website or any of the Company's Services for illegal spam activities, including gathering email addresses and personal information from others or sending any mass commercial emails.

  • R&W Policy (a) Purchaser has conditionally bound a representations and warranties insurance policy (the “R&W Policy”) pursuant to the binder agreement which was provided to Seller for review in advance of the Execution Date and which is attached hereto as Exhibit H (the “R&W Conditional Binder”). From and after the Execution Date, each Party shall use its commercially reasonable efforts to satisfy the conditions set forth in the R&W Conditional Binder as of the Closing Date. The R&W Policy shall contain: (i) a waiver of subrogation, contribution, or otherwise by the insurer in favor of the Seller Indemnified Parties, except against Seller or any “Seller” under the Other PSAs or with respect to such Seller’s or “Seller’s” (as applicable) actual and intentional fraud in the making of the representations and warranties set forth in Article 3 of this Agreement (or the corresponding article setting forth any “Seller’s” representations and warranties in any Other PSA, as applicable), it being understood that the fraud of one Seller or “Seller” (as applicable) shall not be imputed to any other Seller or “Seller” (as applicable); and (ii) a statement that each Seller Indemnified Party is an intended third party beneficiary of the foregoing subrogation limitation. (b) Seller and Purchaser shall each pay fifty percent (50%) of all costs of obtaining the R&W Policy, specifically the premium, surplus lines Taxes and fees, and any related broker compensation and underwriting fees; provided that Seller’s share of such costs shall be paid by Seller via the adjustment of the Cash Purchase Price pursuant to Section 2.3(n). (c) Purchaser agrees that after the Closing it will not agree to any amendment of the R&W Policy that would be expected to cause actual and material prejudice to Seller without Seller’s prior written consent. (d) Notwithstanding anything to the contrary in this Agreement, none of the Seller Indemnified Parties shall be entitled to any proceeds from the R&W Policy. Notwithstanding anything in this Section 5.18 or otherwise to the contrary, nothing herein shall be interpreted to limit Purchaser’s rights to make or pursue claims, or secure recovery under the R&W Policy, as Purchaser believes, in its sole discretion, to be in Purchaser’s interests.

  • Recoupment Policy Executive agrees that Executive will be subject to any compensation clawback or recoupment policies that may be applicable to Executive as an employee of the Company, as in effect from time to time and as approved by the Board or a duly authorized committee thereof, to comply with the ▇▇▇▇-▇▇▇▇▇ ▇▇▇▇ Street Reform and Consumer Protection Act.