Common use of ENTERING INTO AN AGREEMENT Clause in Contracts

ENTERING INTO AN AGREEMENT. 2.1 All offers and quotations received by FMO remain irrevocably in force for a period of 60 (sixty) days. The costs incurred by the Supplier for the preparation, drafting or detailing of an offer or quotation can never be charged. 2.2 If FMO provides the Supplier with information for the purpose of making an offer, the Supplier shall verify the completeness and accuracy of that information to the best of his ability and notify FMO immediately of any deficiencies in the information provided. If the Supplier requires any further information from FMO in order to make an offer, the Supplier shall immediately notify FMO. 2.3 If FMO and the Supplier are negotiating the conclusion of an Agreement or any supplement or follow-up to an Agreement, FMO shall not have any obligation towards the Supplier until FMO has notified the Supplier in writing of its intention to enter into any obligation with respect to the Supplier. 2.4 Until FMO and the Supplier have reached full agreement and executed a written instrument to that effect, FMO shall be free not to enter into an Agreement with the Supplier. 2.5 If FMO has requested more than one Supplier to make an offer, FMO shall be free in its selection of the Supplier.