Common use of Obsolescence Clause in Contracts

Obsolescence. If Seller determines that it is no longer going to produce or make Goods in the future beyond the delivery requirements of this Order, it shall immediately inform Buyer of the anticipated date on which Goods will no longer be available so that Buyer may purchase additional Goods for its inventory. Seller shall also inform Xxxxx if it plans to replace obsolete Goods with similar conforming goods and when the anticipated transition is expected to occur. Buyer shall not be under any obligation to purchase additional Goods upon being informed of the obsolescence.

Appears in 5 contracts

Samples: Terms and Conditions of Purchase, Terms and Conditions of Purchase, Terms and Conditions of Purchase

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