Common use of Obsolescence Management Clause in Contracts

Obsolescence Management. Obsolescence management serves to avoid/reduce production losses resulting from outdated or no longer available raw materials, materials or production equipment. Supplier must immediately inform Customer if materials needed for production of products ordered by Customer are no longer available or if it is foreseeable that they will no longer be available. Supplier must inform Customer immediately if materials or chemicals ordered during last two years are to be discontinued. Technical or economic obsolescence does not release Supplier from its obligation to deliver contractual products according to contract. Substitute products may be delivered only with written approval.

Obsolescence Management. Obsolescence management serves to avoid/reduce production losses resulting from outdated or no longer available raw materials, materials or production equipment. Supplier must immediately inform Customer if materials needed for production of products ordered by Customer are no longer available or if it is foreseeable that they will no longer be available. Supplier must promptly inform Customer immediately if materials or chemicals that have been ordered during within the last two years are to be discontinued. Technical or economic obsolescence does not release Supplier from its obligation to deliver contractual products according to contract. Substitute products may be delivered only with written approval.