Retail Purchaser Clause Samples
The 'Retail Purchaser' clause defines who qualifies as a retail purchaser within the context of the agreement. Typically, this clause clarifies that a retail purchaser is an individual or entity buying goods or services for personal use rather than for resale or commercial distribution. For example, it may specify that only end-users, not wholesalers or distributors, are considered retail purchasers under the contract. The core function of this clause is to clearly delineate the rights and obligations that apply specifically to retail purchasers, ensuring that the terms of the agreement are properly targeted and enforced for the intended audience.
Retail Purchaser. If YOU sell YOUR vehicle to an individual (Second Purchaser), YOU may transfer the Plan coverage. To transfer Plan coverage, YOU must send to the administrator a completed transfer form (obtainable from the Dealer whom this Plan was purchased or directly from US), this Agreement and all invoices, bills and work orders to verify vehicle maintenance and verification of mileage. If vehicle mileage and maintenance records are complete, the administrator will transfer this Agreement to the Second Purchaser for a fee of $50. Transfer of the Plan must be made within 30 days of transferring vehicle ownership. If the remaining Plan coverage is not properly and timely transferred, the Plan coverage will no longer be in force. Second Purchaser – A second purchaser may not transfer Plan coverage to a subsequent purchaser. Upon sale of the vehicle by the second purchaser, Plan coverage will no longer be in force and the Plan Agreement should be cancelled as explained in Cancellation and Refund. This Agreement is not transferable or assignable if traded or sold to a dealer and should be cancelled by the Agreement Holder as explained in Cancellation and Refund.
Retail Purchaser. Retail Purchaser" shall have the meaning set forth in Article 5.1(D).