Common use of Equipment, Software and Materials Purchased Under This Agreement Clause in Contracts

Equipment, Software and Materials Purchased Under This Agreement. 6.4.1 Title to equipment or materials for which SEERA provided direct reimbursement under this Agreement shall vest in SEERA’s name, unless otherwise specified by an Addendum to this Agreement. Disposition of any such equipment or materials shall be under applicable State of Wisconsin property disposal procedures, unless otherwise specified by an Addendum to this Agreement. 6.4.2 SEERA has full recovery rights to all purchases by Implementers for which they were reimbursed under this Agreement. The direct cost purchases shall be transferred to the contracting agency’s custody within 45 days of the contract terminating. 6.4.3 If SEERA chooses not to recover residual inventory, such as unused supplies or other expendable property, the Implementer may retain or sell the unused product, upon direction of SEERA, and shall compensate SEERA for its share. The amount of compensation shall be computed in the same manner as if the inventory was purchased based on current market value

Appears in 2 contracts

Samples: Professional Services, Professional Services

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Equipment, Software and Materials Purchased Under This Agreement. 6.4.1 Title to equipment or materials for which SEERA purchased directly with funds provided direct reimbursement under this Agreement shall vest in SEERA’s name, unless otherwise specified by an Addendum to this Agreement. Disposition of any such equipment or materials shall be under applicable State of Wisconsin property disposal procedures, unless otherwise specified by an Addendum to this Agreement. 6.4.2 SEERA has full recovery rights to all direct cost purchases by Implementers for which they were reimbursed under this AgreementImplementers. The direct cost purchases shall be transferred to the contracting agency’s custody within 45 days of the contract terminating. 6.4.3 If SEERA chooses not to recover residual inventory, such as unused supplies or other expendable property, the Implementer may retain or sell the unused product, upon direction of SEERA, and shall compensate SEERA for its share. The amount of compensation shall be computed in the same manner as if the inventory was purchased based on current market value

Appears in 2 contracts

Samples: Professional Services, Professional Services

Equipment, Software and Materials Purchased Under This Agreement. 6.4.1 Title to equipment or materials for which SEERA provided direct reimbursement under this Agreement shall vest in SEERA’s name, unless otherwise specified by an Addendum to this Agreement. Disposition of any such equipment or materials shall be under applicable State of Wisconsin property disposal procedures, unless otherwise specified by an Addendum to this Agreement. 6.4.2 SEERA has full recovery rights to all purchases by Implementers for which they were reimbursed under this Agreement. The direct cost purchases shall be transferred to the contracting agency’s custody within 45 days of the contract terminating. 6.4.3 If SEERA chooses not to recover residual inventory, such as unused supplies or other expendable property, the Implementer may retain or sell the unused product, upon direction of SEERA, and shall compensate SEERA for its share. The amount of compensation shall be computed in the same manner as if the inventory was purchased based on current market value

Appears in 1 contract

Samples: Professional Services

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Equipment, Software and Materials Purchased Under This Agreement. 6.4.1 Title to equipment or materials for which SEERA provided direct reimbursement under this Agreement shall vest in SEERA’s name, unless otherwise specified by an Addendum to this Agreement. Disposition of any such equipment or materials shall be under applicable State of Wisconsin property disposal procedures, unless otherwise specified by an Addendum to this Agreement. 6.4.2 SEERA has full recovery rights to all purchases by Implementers Researchers for which they were reimbursed under this Agreement. The direct cost purchases shall be transferred to the contracting agency’s custody within 45 days of the contract terminating. 6.4.3 If SEERA chooses not to recover residual inventory, such as unused supplies or other expendable property, the Implementer Researcher may retain or sell the unused product, upon direction of SEERA, and shall compensate SEERA for its share. The amount of compensation shall be computed in the same manner as if the inventory was purchased based on current market value.

Appears in 1 contract

Samples: Professional Services

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