Purchases and Delivery. A. Principal’s order of Products shall be effectuated by Principal’s submission to Agent of a firm written purchase order in advance of delivery. Principal may submit to Agent forecasts of Principal’s Product needs, however, any such forecasts shall be an estimate only and not a commitment to purchase. Agent shall either confirm or reject Principal’s purchase orders within three (3) business days via the Principals LCP. Agent shall promptly update Principal with purchase, production, inspection and logistic data and documentation (e.g. Advanced Shipping Notification or Certificates of Origin), including via Principal’s LCP, as requested and deemed necessary by Principal. No such purchase order may be changed or terminated without the prior written consent of Principal.
Appears in 4 contracts
Samples: Buying Agency and Supply Agreement (Forward Industries, Inc.), Buying Agency and Supply Agreement, Buying Agency and Supply Agreement (Forward Industries Inc)
