Common use of Restocking Fee Clause in Contracts

Restocking Fee. 4.1 All “Stock Items” (ie, goods which are kept in stock in large quantities by the Supplier and are not ordered in on a job by job basis) that are not defective in design or manufacture, as determined by the Supplier acting reasonably, and are returned by the Purchaser shall incur a restocking fee of 20% of the total tax invoice price for those Stock Items. 4.2 Return of all non-Stock Items that are not defective in design or manufacture will only be accepted for return if the Supplier’s supplier of the goods will accept the return of the goods from the Supplier or otherwise in the absolute discretion of the Supplier. All non-Stock Items returned by the Purchaser under this clause shall incur a restocking fee of 50% of the total tax invoice price for those non-Stock Items plus any freight costs incurred by the Supplier, plus any re-stocking fee payable by the Supplier to its supplier. 4.3 The Purchaser acknowledges that the restocking fees are a genuine pre-estimate of the additional costs and damage suffered by the Supplier in accepting returns on the conditions specified in this clause. 4.4 All goods manufactured for a custom order or manufactured using the purchaser’s specifications are not returnable unless the goods are determined by the Supplier to be defective in manufacture or materials. 4.5 The Supplier will under no circumstances accept a return or be liable to accept a return of goods which; (a) are manufactured for a custom order or manufactured using the purchaser’s specifications (unless the goods are determined by the Supplier to be defective in manufacture or materials); or (b) have been damaged or otherwise rendered un-saleable.

Restocking Fee. 4.1 All “Stock Items” (ie, goods which are kept in stock in large quantities by the Supplier and are not ordered in on a job by job basis) that are not defective in design or manufacture, as determined by the Supplier acting reasonably, and are returned by the Purchaser shall incur a restocking fee of 20% of the total tax invoice price for those Stock Items. 4.2 Return of all non-Stock Items that are not defective in design or manufacture will only be accepted for return if the Supplier’s supplier of the goods will accept the return of the goods from the Supplier or otherwise in the absolute discretion of the Supplier. All non-Stock Items returned by the Purchaser under this clause shall incur a restocking fee of 50% of the total tax invoice price for those non-Stock Items plus any freight costs incurred by the Supplier, plus any re-stocking fee payable by the Supplier to its supplier. 4.3 The Purchaser acknowledges that the restocking fees are a genuine pre-estimate of the additional costs and damage suffered by the Supplier in accepting returns on the conditions specified in this clause. 4.4 All goods manufactured for a custom order or manufactured using the purchaser’s specifications are not returnable unless the goods are determined by the Supplier to be defective in manufacture or materials. 4.5 The Supplier will under no circumstances accept a return or be liable to accept a return of goods which; (a) are manufactured for a custom order or manufactured using the purchaser’s specifications (unless the goods are determined by the Supplier to be defective in manufacture or materials); or or Initials: ........................................ ........................................ ........................................ (b) have been damaged or otherwise rendered un-saleable.