Common use of Purchase of Inventory Clause in Contracts

Purchase of Inventory. University may, at its option, purchase Contractor’s usable inventory of food and related supplies upon termination of this Agreement for any reason; provided, however, University will not purchase any food or supplies in open or partial packages, boxes, or containers. The purchase price for the inventory will be determined by Contractor’s verifiable invoice costs.

Appears in 4 contracts

Samples: Food Service Agreement, Food Service Agreement, Food Service Agreement

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