Common use of No Returns Clause in Contracts

No Returns. All sales of Product under this Agreement are final. Distributor shall not have the right to return any Product to Company, except in the case of a defect notified by Distributor in accordance with Section 2.5. In the event that Company receives any returned Product from a third party, Company shall notify Distributor of such returned Product and destroy such Product at Distributor’s sole expense, unless such returns relate to a Company initiated or governmental authority recall not caused by Distributor’s negligence or breach of this Agreement, in which case Company shall accept the return of such Products at Company’s sole cost and expense.

Appears in 2 contracts

Sources: Distribution Agreement (Tni Biotech, Inc.), Distribution Agreement (Tni Biotech, Inc.)

No Returns. All sales of Product under this Agreement are final. Distributor shall not have the right to return any Product to Company, except in the case of a defect notified by Distributor in accordance with Section 2.5. In the event that Company receives any returned Product from a third party, Company shall notify Distributor of such returned Product and destroy such Product at Distributor’s sole expense, unless such returns relate to a Company initiated or governmental authority recall not caused by Distributor’s negligence or breach of this Agreement, in which case Company shall accept the return of such Products at Company’s sole cost and expenseProduct.

Appears in 1 contract

Sources: Distribution Agreement (Tni Biotech, Inc.)