Common use of RECEIPT AND VERIFICATION Clause in Contracts

RECEIPT AND VERIFICATION. All deliveries shall be subject to receipt and verification procedures carried out by the Company’s employees. The purpose of such procedures is to verify that the Products conform to the Order. In the event the Products are not in compliance, the Company reserves the right to refuse or reject the Products and/or cancel the Order. Any Product delivered that is not the subject of an Order shall be refused. Products that are refused or rejected shall be the subject matter of a letter by the Company indicating the quantities refused or rejected, as well as the reasons for refusal. They shall be returned by carriage due by the Supplier, unless the Supplier makes a request to take back the items by its own means. A credit note for an amount equal to the value of the refused or rejected Products shall be sent to the Company. The Company reserves the right to have, or not have, the rejected Products replaced, and this shall be indicated in the letter to the Supplier.