Common use of Product Source Clause in Contracts

Product Source. 1. At least 70 percent of all products that a Vendor sells must have been produced by that Vendor excluding concessions, with this percentage based on the prices charged by the Vendor. For example, assume that a Vendor offers to sell (i) 125 dozen ears of sweet corn produced by the Vendor for a price of $3 per dozen ears, for a total of $375, (ii) potted plants and herbs produced by the Vendor whose total price is $100, and (iii) craft items produced by the Vendor whose total price is $150. Under these assumptions, the Vendor may also sell sweet corn or other products not produced by the Vendor that fall within any of the approved categories, so long as the total price of the additional sweet corn and/or other products would not exceed $267.86, calculated as follows: [($375) + ($100) + ($150)] ÷ (.7) = [($625)] ÷ (.7) = $892.86 ($892.86) – ($625) = $267.86 2. However, the other 30 percent of product or products that a Vendor may sell but that the Vendor did not produce must have been purchased by the Vendor directly from the producer of the product, excluding concessions. 3. Vendors may not sell any products that they purchased from wholesalers, distributors, retailers, or in an auction, provided that concessions need not be purchased directly from their producers. Before each market season begins, Vendors must provide to the Market Master the name, address and telephone number of each farmer or other producer whose products the Vendors intend to sell in accordance with the foregoing. Exceptions may be made in the event of acts of God.

Product Source. 1. At least 70 percent of all products that a Vendor vendor sells must have been produced by that Vendor excluding concessions, with this percentage based on the prices charged by the Vendor. For example, assume that a Vendor offers to sell (i) 125 dozen ears of sweet corn produced by the Vendor for a price of $3 per dozen ears, for a total of $375, (ii) potted plants and herbs produced by the Vendor whose total price is $100, and (iii) craft items produced by the Vendor whose total price is $150. Under these assumptions, the Vendor may also sell sweet corn or other products not produced by the Vendor that fall within any of the approved categories, so long as the total price of the additional sweet corn and/or other products would not exceed $267.86187.50, calculated as follows: [($375) + ($100) + ($150)] ÷ (.7) = [($625)] ÷ ) x (.7) = $892.86 (437.50 =70% $892.86) – ($625) = $267.86187.50=30% 2. However, the other 30 percent of product or products that a Vendor may sell but that the Vendor did not produce must have been purchased by the Vendor directly from the producer of the product, excluding concessions. 3. Vendors may not sell any products that they purchased from wholesalers, distributors, retailers, or in an auction, provided that concessions need not be purchased directly from their producers. Before each market season begins, Vendors must provide to the Market Master Manager the name, address and telephone number of each farmer or other producer whose products the Vendors intend to sell in accordance with the foregoing. Exceptions may be made in the event of acts of God.

Product Source. 1. At least 70 percent of all products that a Vendor vendor sells must have been produced by that Vendor excluding concessions, with this percentage based on the prices charged by the Vendor. For example, assume that a Vendor offers to sell (i) 125 dozen ears of sweet corn produced by the Vendor for a price of $3 per dozen ears, for a total of $375, (ii) potted plants and herbs produced by the Vendor whose total price is $100, and (iii) craft items produced by the Vendor whose total price is $150. Under these assumptions, the Vendor may also sell sweet corn or other products not produced by the Vendor that fall within any of the approved categories, so long as the total price of the additional sweet corn and/or other products would not exceed $267.86187.50, calculated as follows: [($375) + ($100) + ($150)] ÷ (.7) = [($625)] ÷ ) x (.7) = $892.86 (437.50 =70% $892.86) – ($625) = $267.86187.50=30% 2. However, the other 30 percent of product or products that a Vendor may sell but that the Vendor did not produce must have been purchased by the Vendor directly from the producer of the product, excluding concessions. 3. Vendors may not sell any products that they purchased from wholesalers, distributors, retailers, or in an auction, provided that concessions need not be purchased directly from their producers. Before each market season begins, Vendors must provide to the Market Master the name, address and telephone number of each farmer or other producer whose products the Vendors intend to sell in accordance with the foregoing. Exceptions may be made in the event of acts of God.