Non-Compliance/Chargebacks Clause Samples
The Non-Compliance/Chargebacks clause establishes the right of one party, typically a buyer or retailer, to impose financial penalties or deductions on the other party, usually a supplier, for failing to meet agreed-upon requirements or standards. This may include issues such as late deliveries, incorrect shipments, or failure to follow specified procedures, with the penalties often taking the form of chargebacks deducted from payments owed. The core function of this clause is to incentivize compliance with contractual obligations and provide a clear mechanism for addressing and compensating for breaches or operational failures.
Non-Compliance/Chargebacks. Shipping Discrepancies
Non-Compliance/Chargebacks. FMJ may impose charges for any shipments not in compliance with its shipping and fulfillment guidelines, as outlined in the VFIDS Program Policies and at its discretion credit or off-set such amounts against any amounts owed to the Vendor. FMJ may also remove Vendor’s Product(s) from the website at its discretion until such time as the Vendor has proven able to remedy compliance problems and is able to operate within the program guidelines defined in the VFIDS Program Policies. Additional chargebacks as outlined in the VFIDS Program Policies may apply for misuse of third party shipping accounts or other scenarios which result in financial loss to FMJ due to Vendor’s failure to comply with the VFIDS Program Policies.