Common use of Repurchase of Inventory Clause in Contracts

Repurchase of Inventory. Upon termination of this Agreement, the Company agrees to repurchase on reasonable commercial terms the currently marketable inventory in the possession of the terminated Independent Business Owner that was purchased by the terminated Independent Business Owner for resale prior to the date of termination of the Agreement. For purposes of this provision, “reasonable commercial terms” shall include the repurchase of marketable inventory within twelve (12) months from your date of purchase and such purchase shall be made at a rate of not less than ninety percent (90%) of your original net cost less appropriate set offs and legal claims, if any. The determination of whether such inventory is “currently marketable” shall be made by the Company and will include factors such as the specific condition of the product and related packaging. Requests for repurchase must be made in writing within thirty (30) days of the termination of the Agreement. Shipping & handling costs for returned items shall be borne by you. Refund payments will be made within thirty (30) days of actual receipt of returned items. Sales materials and services delivered by Internet methods are not capable of being returned to the Company and are not subject to refund. The Company will comply with refund requirements at variance with this paragraph, if any, as may be specified by state or federal law.

Repurchase of Inventory. Upon termination of this Agreement, the Company agrees to repurchase on reasonable commercial terms the currently marketable inventory in the possession of the terminated Independent Business Owner that was purchased by the terminated Independent Business Owner for resale prior to the date of termination of the Agreement. For purposes of this provision, “reasonable commercial terms” shall include the repurchase of marketable inventory within twelve (12) months from your date of purchase and such purchase shall be made at a rate of not less than ninety percent (90%) of your original net cost less appropriate set offs and legal claims, if any. The determination of whether such inventory is “currently marketable” shall be made by the Company and will include factors such as the specific condition of the product and related packaging. Requests for repurchase must be made in writing within thirty (30) days of the termination of the Agreement. Shipping & handling costs for returned items shall be borne by you. Refund payments will be made within thirty sixty (3060) days of actual receipt of returned items. Sales materials and services delivered by Internet methods are not capable of being returned to the Company and are not subject to refund. The Company will comply with refund requirements at variance with this paragraph, if any, as may be specified by state or federal law.

Repurchase of Inventory. Upon termination of this Agreement, the Company O2 agrees to repurchase on reasonable commercial terms the currently marketable inventory in the possession of the terminated Independent Business Owner that was ID and purchased by the terminated Independent Business Owner ID for resale prior to the date of termination of the Agreement. For purposes of this provision, “reasonable commercial terms” shall include the repurchase of marketable inventory within twelve (12) months from your the ID’s date of purchase and such purchase shall be made at a rate of not less than ninety percent (90%) of your the ID’s original net cost less appropriate set offs and legal claims, if any. The determination of whether such inventory is “currently marketable” shall be made by the Company O2 and will include factors such as the specific condition of the product and related packaging. Requests for repurchase must be made in writing within thirty (30) days of the termination of the Agreement. Shipping & handling costs for returned items shall be borne by youID. Refund payments will be made within thirty (30) days of actual receipt of returned items. Sales materials and services delivered by Internet methods are not capable of being returned to the Company O2 and are not subject to refund. The Company O2 will comply with refund requirements at variance with this paragraph, if any, paragraph as may be specified by state or federal law.