Common use of Product Modification Clause in Contracts

Product Modification. Sea Ray shall have the right to discontinue the sale of Products or to modify the design, specifications and components of Products at any time provided, however, that Sea Ray shall notify Dealer, prior to shipment, of any major changes with respect to Products previously ordered by Dealer but not yet delivered, in which event Dealer shall have the right to terminate such order within five (5) business days after such notification by providing written notice to Sea Ray. The failure to provide such timely written notification shall be deemed acceptance by Dealer of such changes.

Product Modification. Sea Ray shall have the right to discontinue the sale of Products or to modify the design, specifications design and components of Products at any time time; provided, however, that Sea Ray shall notify Dealer, prior to shipment, of any major design changes with respect to Products previously ordered by Dealer but not yet deliveredDealer, in which event Dealer shall have the right to terminate such order within five (5) business days after such notification by providing written notice to Sea Ray. The failure to provide such timely written notification shall be deemed an acceptance by Dealer of such changes.