Common use of Purchases of Products Clause in Contracts

Purchases of Products. Project Company shall have the non-exclusive right at all times to purchase, without limitation, Plantation Crops and derivatives thereof from Contract Farmers/Outgrowers, local independent farmers, and others in Lao PDR, and to process, market, sell, deal in and export all such Plantation Crops and derivatives thereof in accordance with this Agreement. The minimum price at which Project Company shall purchase Plantation Crops and derivatives thereof from Contract Farmers/Outgrowers, local independent farmers, and others in Lao PDR shall be the determined market price for that product at the time of sale or in the case of Contract Farmers/Outgrowers in accordance with the terms of the Contract Farming Agreement. Project Company shall incorporate details concerning all such transactions into the Annual Progress Report submitted to One Stop Service. In addition, Government may request from Project Company documentation of such transactions to ensure that they were conducted in a fair and transparent manner.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement