Common use of Custom Items Clause in Contracts

Custom Items. Any claim for termination charges for Custom Items must be submitted to Buyer in writing within thirty (30) days after receipt of Buyer's termination notice along with a summary of all mitigation efforts. 10.3.1 Seller's claim may include the net cost of custom work in process under an open Purchase Order and which must be scrapped due to the cancellation. The claim will be paid under the following cancellation schedule. Cancellation Cost as a Percent of Process Step Purchase Order value ------------ -------------------- * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 10.3.2 Upon payment of Seller's claim, Buyer shall be entitled to all such work and materials paid for.