CANCELLATION AND REPURCHASE OPTIONS. Upon expiration or termination of this Agreement, any or all unfilled orders shall be cancelled. LipoMatrix reserves the right at its sole option to repurchase from Distributor any or all Products unsold by Distributor, at a mutually agreed upon price, which in any case shall not exceed the landed price Distributor paid LipoMatrix for Products to be repurchased. In the event LipoMatrix fails to repurchase such Products, Distributor shall have the right to continue to sell its existing inventory of such Products for a reasonable period following such expiration or termination.
Appears in 6 contracts
Samples: Distributor Agreement (Collagen Corp /De), Distributor Agreement (Collagen Corp /De), Coordination Agreement (Collagen Corp /De)
