No Inventory Clause Samples
The "No Inventory" clause prohibits one party from holding or stocking goods or products on behalf of the other party. In practice, this means that the party is not allowed to purchase, store, or maintain an inventory of the other party’s products for resale or distribution. This clause is commonly used in agreements to clarify that the relationship does not involve warehousing or consignment arrangements, thereby reducing the risk and logistical responsibilities associated with inventory management.
POPULAR SAMPLE Copied 3 times
No Inventory. Ordering Party will not submit any Orders unless and until Ordering Party or an Ordering Entity has received a binding, non-cancelable order for the applicable Products of Selling Party or Selling Party Services from an identified Customer. Ordering Party acknowledges and agrees that “inventory” Orders or Orders submitted based on the expectation of a future Customer order are strictly prohibited (except as set forth in Exhibit E). Ordering Party will obtain a purchase order from each potential Customer for each Order, will retain such purchase orders for a minimum of three years from receipt, and will provide copies thereof to Selling Party upon request.
No Inventory. Notwithstanding the provisions contained within the Tenancy, including but not limited to Clauses 5.1 (Inventory) and 5.6.3 to 5.6.5 Inclusive (Costs and Charges), the Landlord confirms and the Tenant understands that there will be no Inventory or Schedule of Condition prepared in connection with this tenancy.
No Inventory. Engage in any activity relating to the Property or any other assets of the Property Owner or the Borrower that would cause the Property or assets to be treated for federal income tax purposes as property described in Section 1221(1) of the Code or that would cause any proceeds from the sale or other disposition of the Property or assets to be treated as proceeds from a sale or other disposition of property described in Section 1221(1) of the Code.
No Inventory. HP will have no obligation to purchase, stock or store inventory of HP Branded Products under this Agreement. In addition, HP will not have any financial exposure or otherwise for LICENSEE’s inventory of HP Branded Products. Obsolete HP Branded Products or HP Branded Products in LICENSEE’s inventory before, upon, or after termination or expiration of this Agreement are the sole responsibility of LICENSEE, and may be sold or distributed only in accordance with the terms of this Agreement.
No Inventory. I understand that I am not to purchase inventory for myself to sell. The Company expressly prohibits Independent Direct Sellers from “stocking” its products.
No Inventory. Acquire any Inventory with a fair market value in excess of $100,000 (as determined by Lender) unless such Inventory is subject to Lender's Liens.