Value-Added Business Clause Samples
The Value-Added Business clause defines what constitutes business activities that go beyond basic or standard offerings, typically by providing additional features, services, or enhancements that increase the overall value to customers. In practice, this clause may specify which products, services, or transactions are considered 'value-added' for the purposes of the agreement, such as bundled services, premium support, or customized solutions. Its core function is to clearly delineate which business activities qualify as value-added, ensuring both parties understand the scope of enhanced offerings and preventing disputes over what is included under this category.
Value-Added Business. The products assembled and sold by or on behalf of Seller under Seller's value-added business (i) are first quality merchandise, useable and saleable in the ordinary course of business within a period of not more than twelve (12) months, (ii) were assembled in conformity in all material respects with applicable specifications and quality control standards and in conformity with all applicable laws, rules and regulations and (iii) are not obsolete, damaged, defective or shopworn. For purposes of this Agreement, "knowledge" of Seller shall mean and be limited to the actual knowledge of any director of Seller or ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇.▇. ▇▇▇▇▇ or ▇▇▇▇▇ ▇▇▇▇▇▇▇, in each case, at the date hereof.
Value-Added Business. The products assembled and sold by or on behalf of the Company under its value-added business (i) are first quality merchandise, useable and saleable in the ordinary course of business within a period of not more than twelve (12) months, (ii) were assembled in conformity in all material respects with applicable specifications and quality control standards of customers and suppliers and in conformity with all applicable laws, rules and regulations and (iii) are not obsolete, damaged, defective or shopworn.
Value-Added Business. The products assembled and sold by or on behalf of Seller under Seller's value-added business (i) are first quality merchandise, useable and saleable in the ordinary course of business within a period of not more than twelve (12) months, 34 -28-
Value-Added Business. 19 Section 3.26
Value-Added Business. The products assembled and sold by or on behalf of Seller under Seller's value-added business (i) are first quality merchandise, useable and