Sonim Consigned Components Clause Samples

Sonim Consigned Components. “Sonim Consigned Components”, including mechanical parts, electrical parts and software, are those items procured and purchased directly by Sonim from third party suppliers and supplied to Company for purposes of Company’s assembly of the Products, if any. Company shall treat and separately store and describe Sonim Consigned Components, if any, as consigned property of Sonim to be assembled into the Products or added to the Product as installed software. Company shall perform incoming inspection for Sonim Consigned Components before use. [***]. Company shall bear risk of loss or damage of any Sonim Consigned Components while such Sonim Consigned Components are in the care, custody and control of Company provided that Sonim shall remain liable for any defects of the Consigned Components discovered during production process and both Parties shall work together in good faith to resolve issue related to such defects. All components to be assembled or software loaded into the Products that are not Sonim Consigned Components or not otherwise provided by Sonim to Company, shall be considered Company Components. In no event shall Company be liable for the delivery delay caused by Sonim Consigned Components.