Common use of Cost of Materials Clause in Contracts

Cost of Materials. If Consultant shall reasonably determine that Consultant will be unable to perform the consulting services under this Agreement without procuring certain materials with an aggregate cost exceeding $100, Consultant shall promptly notify the Company in writing of its need to procure such materials and the date by which such materials must be received by Consultant. Upon receipt of such notice from Consultant, the Company shall thereafter have the option to either procure the materials itself or, in the alternative, authorize Consultant to procure the materials directly. If the Company should elect to authorize Consultant to procure the materials directly, it shall notify Consultant of such election, and the Company agrees to reimburse Consultant within 10 business days of its receipt of a separate invoice from Consultant for Consultant' actual cost of the materials as authorized by the Company.

Appears in 2 contracts

Sources: Consulting Agreement (Telenetics Corp), Consulting Agreement (Telenetics Corp)

Cost of Materials. If Consultant shall reasonably determine that ----------------- Consultant will be unable to perform the consulting services under this Agreement without procuring certain materials with an aggregate cost exceeding $100, Consultant shall promptly notify the Company in writing of its need to procure such materials and the date by which such materials must be received by Consultant. Upon receipt of such notice from Consultant, the Company shall thereafter have the option to either procure the materials itself or, in the alternative, authorize Consultant to procure the materials directly. If the Company should elect to authorize Consultant to procure the materials directly, it shall notify Consultant of such election, and the Company agrees to reimburse Consultant within 10 business days of its receipt of a separate invoice from Consultant for Consultant' actual cost of the materials as authorized by the Company.

Appears in 1 contract

Sources: Consulting Agreement (Saunders William C)