Common use of Remanufactured Goods Clause in Contracts

Remanufactured Goods. 1. Unless otherwise provided for in this Agreement, each Party shall provide that remanufactured goods are treated as new goods. Each Party may require that remanufactured goods be identified as such for distribution or sale. 2. For the purposes of this Article, "remanufactured goods" means goods classified under heading 40.12, Chapters 84 to 90 or heading 94.02 of the Harmonized System that:1 (a) are entirely or partially composed of parts obtained from used goods; (b) have a similar life expectancy and performance compared to such goods, when new; and (c) have a factory warranty similar to that applicable to such goods, when new. 1 For greater certainty, the references to the tariff classification number of the Harmonized System in this Chapter are based on the Harmonized System, as amended on 1 January 2017.