Initial Inventory Purchase. InFocus will direct Supplier to purchase certain work-in-progress and materials specified by InFocus on or before the date of Supplier’s production start. This purchase includes without limitation, excess finished raw materials at past suppliers’ locations and long lead-time materials. Supplier will also assume from past suppliers certain open purchase orders for materials matching the BOM as specified by InFocus.
Appears in 2 contracts
Sources: Manufacturing and Supply Agreement, Manufacturing and Supply Agreement (Infocus Corp)