Common use of Consignment Stock Clause in Contracts

Consignment Stock. From time to time the Vendor and the Purchaser may agree that Products may be supplied by the Vendor to the Purchaser on a consignment basis provided that ownership of such Products will remain vested in the Vendor until such time as the Purchaser has sold those Products to a third party on an arm’s length basis. Any agreement under this clause will include the price for the Products that the Vendor will accept from the Purchaser upon the Purchaser selling the goods to a third party.