Unfinished Product definition
Examples of Unfinished Product in a sentence
Distributor understands that Supplier requires a lead time of eight (8) months in order to manufacture bulk unlabeled vials of Unfinished Product for packaging and testing under this Agreement.
Supplier shall purchase from Distributor all quantities of Product Packaging Material and all quantities of stock of Product and Unfinished Product with at least twelve (12) months of remaining shelf life (collectively the “Inventory”) in the possession or under the control of Distributor on the Closing Date.
Supplier shall sell Unfinished Product to Distributor, excluding those vials supplied free of charge pursuant to Clause 4.1 above, at a price per (10mg) vial equal to two hundred and sixty five United States dollars ($US265) CIF (Incoterms 2000) Catania Airport (“Distributor’s Purchase Price”).
During the Transition Period and upon reasonable approval by Distributor, Supplier may request Distributor order quantities of Unfinished Product from Supplier solely for packaging and testing (but not distribution) by Distributor in order to assist Supplier in stock build of Product or for eventual distribution by Supplier (or Supplier’s nominated Third Party).
Notwithstanding the foregoing, Fujitsu shall have no responsibility for and shall not be liable for defects in any Unfinished Product or other materials supplied by FASL to Fujitsu for use in the Services.
It is understood that the Unfinished Product shall be labelled and packaged by Distributor in accordance with Supplier’s Packaging Instructions.
In order to ensure continuity of supply of Product to the Territory during the Transition Period or until the Country Handover Date for a particular country, Distributor will, from time to time, place firm orders of Unfinished Product with Supplier in order amounts as set forth or otherwise agreed by the Parties pursuant to Clause 2.5.5 and Clause 4.1 above.
Supplier will issue an invoice for each shipment of bulk unlabeled vials of Unfinished Product and Distributor agrees to pay for such Unfinished Product United States dollars to an account specified by Supplier within forty five (45) days of the date of such invoice.
The foregoing shall be Distributor’s sole remedy in the event any Unfinished Product is not Acceptable Unfinished Product.
At the sole option of Supplier and at its expense, said Unfinished Product may be returned to Supplier or destroyed in an environmentally acceptable manner in accordance with Applicable Law.