New Goods definition

New Goods means any Goods ordered by the Customer which have not been ordered by the Customer from the Supplier before and which are not produced in accordance with any specification provided by the Customer (i.e. standard, non-bespoke Goods);
New Goods means the goods acquired from the Company, with services or material added by the Purchaser. The “Order” will be the official purchase order received in writing from the Purchaser.
New Goods means and includes Goods following any process in which the distinctive character or nature of the Goods is lost by reason of combination with other goods or materials.

Examples of New Goods in a sentence

  • On each Business Day ITEC agrees to offer to sell to NFC, to endorse or otherwise assign to NFC, without recourse, except as provided herein, and to deliver to NFC all Retail Contracts, Leases and Wholesale Contracts acquired in the regular course of ITEC’s business on terms which will afford reasonable compensation for the financing services rendered by NFC to ITEC and Dealers in respect of the sale of New International Products, New Goods or Used Goods.

  • The Supplier may require the Customer to store the New Goods in a manner that clearly shows the ownership of the Supplier.

  • The Customer will hold the New Goods on trust for the Supplier until payment of all sums owing to the Supplier whether under these Terms of Trade or any other contract have been made.

  • Despite paragraph (c), the Customer may transfer, sell or dispose of Goods, including New Goods, to a third party in the ordinary course of business.

  • TFC shall be obligated to pay the Invoice Cost, less any discount applicable to TFC from time to time (the “Net Invoice Cost”), in respect of New Goods only for Invoices which TFC approves for payment.


More Definitions of New Goods

New Goods means those goods that are designated as being ‘new’ in part A of this quotation;
New Goods means brand new products which have not been previously used or deployed for any commercial purpose.
New Goods means any Goods ordered by the Customer which have not been ordered by the Customer from the Supplier before and which are not produced in accordance with any specification provided by the Customer (i.e. standard, non- bespoke Goods);
New Goods means the goods acquired from the Company, with services or material added by the Purchaser.
New Goods means new machines supplied with a 12 month warranty (or such other period as is specified in the Pro-Forma Invoice).
New Goods will mean the goods referenced in clause [***] above.
New Goods will mean [***].