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.
Appears in 2 contracts
Sources: Trademark License Agreement, Trademark License Agreement (Life Clips, Inc.)