Common use of Prices and Terms of Sale Clause in Contracts

Prices and Terms of Sale. DISTRIBUTOR shall have the right to establish and revise prices and other terms for the sale of Toyota Products to DEALER. Ownership and title of Toyota Products sold by DISTRIBUTOR to DEALER shall pass upon payment therefor by DEALER to DISTRIBUTOR and DEALER shall have no ownership interest in such Products until such payment is received. Risk of loss for Toyota Products sold by DISTRIBUTOR to DEALER shall pass upon delivery of such Products to DEALER. Revised prices and terms shall apply to any Toyota Products not invoiced to DEALER by DISTRIBUTOR at the time the notice of such change is given to DEALER (in the case of Toyota Motor Vehicles), or upon issuance of a new or modified Parts Price List or through change notices, letters, bulletins, or revision sheets (in the case of parts, options and accessories), or at such other times as may be designated in writing by DISTRIBUTOR. Payment for all Toyota Products shall be made when billed, unless other terms are established by DISTRIBUTOR in writing.

Prices and Terms of Sale. DISTRIBUTOR shall have the right to establish and revise prices and other terms for the sale of Toyota Products to DEALER. Ownership and title of Toyota Products sold by DISTRIBUTOR to DEALER shall pass upon payment therefor by DEALER to DISTRIBUTOR and DEALER shall have no ownership interest in such Products until such payment is received. Risk of loss for Toyota Products sold by DISTRIBUTOR to DEALER shall pass upon delivery of such Products to DEALER. Revised prices and terms shall apply to any Toyota Products not invoiced to DEALER by DISTRIBUTOR at the time the notice of such change is given to DEALER (in the case of Toyota Motor Vehicles), or upon issuance of a new or modified Parts Price List or through change notices, letters, bulletins, or revision sheets (in the case of parts, options and accessories), or at such other times as may be designated in writing by DISTRIBUTOR. Payment for all Toyota Products shall be made when billed, unless other terms are established by DISTRIBUTOR in writing.