No Minimums Guaranteed Clause Samples
The "No Minimums Guaranteed" clause establishes that the party providing goods or services is not assured of a minimum quantity or value of orders from the other party. In practice, this means the buyer is not obligated to purchase a set amount, and the supplier cannot claim compensation if actual orders fall below any anticipated level. This clause primarily serves to protect the buyer from being contractually bound to purchase more than they need, thereby reducing their financial risk and providing flexibility in procurement.
POPULAR SAMPLE Copied 1 times
No Minimums Guaranteed. This Agreement does not guarantee any minimum level of purchases or use of Services.
No Minimums Guaranteed. The Contract does not guarantee any minimum level of purchases.
No Minimums Guaranteed. Except as expressly stated otherwise in the RFX, the Contract does not guarantee any minimum level of purchases.
No Minimums Guaranteed. Except as provided in an executed Solution Order, this Agreement does not guarantee any minimum level of purchases.
No Minimums Guaranteed. The Contract does not guarantee any minimum level of purchases or any minimum time period for rental or lease of the equipment.
No Minimums Guaranteed. The contract does not guarantee any minimum level of purchases or any minimum amount of compensation. These Security Terms are entered into by and between Sedgwick Claims Management Services, Inc., registered in the State of Illinois, with its principal place of business headquarters at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ Road, Memphis, Tennessee (“Vendor”) and the State of Iowa, acting by and through the Department of Administrative Services (“State of Iowa” or “State”). These Security Terms shall apply in addition to any other terms and conditions agreed to by the Parties, as amended, (“Underlying Agreement(s)”), and to the extent of any conflict or inconsistency between the specific provisions of these Security Terms and the terms of any other agreement between the Parties, these terms shall prevail. The parties may be referred to herein individually as a “Party” or collectively as the “Parties”; provided, however, that where the context clearly requires, the term “Party” or “Parties” may refer to or include the Governmental Entity making the individual purchase(s) pursuant to the applicable Underlying Agreement(s).
No Minimums Guaranteed. The contract does not guarantee any minimum level of purchases or any minimum amount of compensation. This amendment (“Amendment”) amends: ● Appendix A: FARO Software License Agreement-effective date of this MA #20203 contract. ● or ● Any of Contractor’s other generally applicable terms Contractor at any point in time may claim apply to any Governmental Entity’s use of Deliverables provided by Contractor, including through any online mechanism such as a “clickthrough” or other similar mechanism. (Collectively referred to herein as “Underlying Agreement(s)”). To the extent of any conflict or inconsistency between the specific provisions of this Amendment and any Underlying Agreement(s), the terms of this Amendment shall prevail. The parties may be referred to herein individually as a “Party” or collectively as the “Parties”; provided, however, that where the context clearly requires, the term “Party” or “Parties” may refer to or include the Governmental Entity executing the individual Purchasing Instrument pursuant to the Underlying Agreement(s) or otherwise making the individual purchases. Notwithstanding anything in this Amendment or Underlying Agreement(s) to the contrary, individual Purchasing Instruments executed by or individual purchases otherwise made by Governmental Entities shall be deemed to incorporate the terms and conditions of this Amendment and shall constitute a separate, distinct and independent agreement between the applicable Governmental Entity and Contractor, and such Governmental Entity shall be solely responsible for any payments due and duties and obligations owed under this Amendment and any Underlying Agreement(s).
No Minimums Guaranteed. The contract does not guarantee any minimum level of purchases or any minimum amount of compensation. TITLE 2 CFR, CHAPTER II, OMB GUIDANCE PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS All non-Federal entities must adhere to federal legislation passed by Congress as well as codified regulations implemented through administrative requirements. The following language must be included in any non- Federal entities’ agreement articles, contracts, MOUs, and LOAs.