Korean Supply Chain Clause Samples

Korean Supply Chain. The Parties hereby agree to cause the JV Company to source and procure components required for the JV Scope from suppliers in Korea to the extent that doing so is commercially reasonable. In addition, the Parties shall work collaboratively and exercise reasonable efforts to source and procure from suppliers in Korea components required for the Systems outside of the JV Scope, but which are otherwise as may be agreed to by the Members, if any. The scope of and terms and conditions to be applicable to the procurement of parts from suppliers in Korea shall be determined upon the mutual agreement of the Members.