Common use of Formation of Contracts Clause in Contracts

Formation of Contracts. Seller shall acknowledge acceptance of each Buyer order for Acquired Product by sending an acknowledgment form that sets forth the dates on which the ordered items are scheduled for delivery to Buyer in accordance with trade term specified in a PSA, whereupon a contract of sale of those items (“Sales Contract”) shall be deemed concluded between the parties.

Appears in 2 contracts

Sources: Master Program Agreement, Master Program Agreement (Xerox Corp)