Return of Inventory by Business Partners Sample Clauses

Return of Inventory by Business Partners. Xxxxx will repurchase from the Independent Business Partner (IBP) any portion of the IBP's currently marketable inventory that IBP purchased from Kyäni in the preceding twelve months. The repurchase price shall be 100 percent of the purchase price minus a 10 percent re-stocking fee paid by the IBP, less all applicable shipping and handling costs to return the product to Kyӓni. For purposes of the Agreement, inventory shall include all company produced products, promotional materials, starter packs, or other sales aids purchased by IBP from Kyäni. Because purchases of Potato Paks are donated and shipped directly to third-party charitable organizations, sale of Potato Paks, and any charitable donations, are final and non-refundable. The repurchase provisions of this section shall not apply to any inventory that is not currently marketable inventory. Currently marketable inventory shall not include inventory that is beyond its expiration date, that has the tamper proof safety seal damaged or removed, that has been opened or partially consumed, that has the shrink wrap removed (if any), that has been discontinued by the company, or that is seasonal in nature or a special promotional product. Products that are not in marketable condition are not eligible for a refund or exchange. Products are guaranteed for at least 30 days from the date of purchase, particularly because Kyäni products are made with natural ingredients and may not be resalable because the products are perishable and not in marketable condition if opened, not properly stored, or not returned with original packaging. IBPs are not permitted to sell the product for under market value, or to use sites such as eBay, Amazon, Craigslist, Facebook Marketplace or similar online retailer to resell Kyäni Products.
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Return of Inventory by Business Partners. Business Partners have three working days from conclusion of the Independent Business Partner Agreement from which to withdraw without penalty (except for the cost of returning the product) and without giving any reason provided the Business Partner informs Xxxxx of such decision to withdraw in writing before the period expires. In the event of voluntary termination or cancellation of an Independent Business Partner Agreement either under the preceding paragraph or under Section 11.c hereof, Kyӓni will repurchase from the Business Partner any portion of the Business Partner's currently marketable inventory that Business Partner purchased from Kyӓni in the preceding twelve months. The repurchase price shall be 90 percent of the purchase price paid by the Business Partner, less all applicable shipping and handling costs to return the product to Kyӓni. For purposes of the Agreement, inventory shall include all company produced products, promotional materials, starter packs, or other sales aids purchased by Business Partner from Kyäni. All charitable donations, including Potato Paks, are final and nonrefundable. The repurchase provisions of this section shall not apply to any inventory that is not currently marketable inventory. Currently marketable inventory shall not include inventory that is beyond its expiration date, that has the tamper proof safety seal damaged or removed, that has been opened or partially consumed, that has been discontinued by the company, or that is seasonal in nature or a special promotional product.

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