Common use of Conclusion of the Agreement Clause in Contracts

Conclusion of the Agreement. 3.1 An Agreement is concluded between the Parties when both Parties have duly signed the Agreement or when Sandvik has issued a Purchase Order to Supplier and Supplier has confirmed such Purchase Order. Supplier shall submit a written order confirmation to Sandvik within three (3) business days from the receipt of the Purchase Order. Failure to submit such confirmation within the time stated above shall be deemed as an acceptance of the Purchase Order. 3.2 Sandvik may from time to time issue forecasts of its anticipated future requirements for the Goods. Unless otherwise agreed in writing between the Parties, such forecasts are non-binding on Sandvik. 3.3 In case the Agreement is a frame agreement, Supplier shall not be entitled to reject Purchase Orders, which are based on the frame agreement between the Parties, provided that: (a) they are pursuant to the terms and conditions of the frame agreement, (b) they contain the prices applicable pursuant to the frame agreement during the relevant price period as set out in the frame agreement, and (c) the delivery dates of the ordered quantities are reasonably allocated over time.

Conclusion of the Agreement. 3.1 An Agreement is concluded between the Parties when both Parties have duly signed the Agreement or when Sandvik Newtrax has issued a Purchase Order to Supplier and Supplier has confirmed such Purchase Order. Supplier shall submit a written order confirmation to Sandvik Newtrax within three (3) business days from the receipt of the Purchase Order. Failure to submit such confirmation within the time stated above shall be deemed as an acceptance of the Purchase Order. 3.2 Sandvik Newtrax may from time to time issue forecasts of its anticipated future requirements for the Goods. Unless otherwise agreed in writing between the Parties, such forecasts are non-binding on SandvikNewtrax. 3.3 In case the Agreement is a frame agreement, Supplier shall not be entitled to reject Purchase Orders, which are based on the frame agreement a Frame Agreement between the Parties, provided that: (a) they are pursuant to the terms and conditions of the frame agreementFrame Agreement, (b) they contain the prices applicable pursuant to the frame agreement this Agreement during the relevant price period as set out in the frame agreementFrame Agreement, and if applicable and (c) the delivery dates of the ordered quantities are reasonably allocated over time.