Residual Shelf Life Clause Samples
The Residual Shelf Life clause defines the minimum remaining usable period that a product must have at the time of delivery. In practice, this clause requires suppliers to ensure that goods provided to the buyer are not close to their expiration date, often specifying a percentage or number of months of shelf life that must remain. Its core function is to protect buyers from receiving products that may soon expire, thereby reducing waste and ensuring the goods can be used or sold within a reasonable timeframe.
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Residual Shelf Life. Upon Delivery, the Products’ residual shelf life must be at least [***] percent ([***]%) of the applicable Product’s total shelf life (such residual shelf life (or any change thereto agreed in writing between the parties) to be referred to as “Residual Shelf Life”). The shipment of Product with less than the Residual Shelf Life requires the prior written approval of NOVARTIS.
Residual Shelf Life. The Product supplied to the Distributor shall have a residual Shelf Life at the time of dispatch of 80% of the maximum shelf life for the Product.
Residual Shelf Life.
6.1 The residual shelf life of the Products on delivery shall not be less than 12 months. For Products where the order indicates that they are meant for resale to Greenland, the residual shelf life on delivery shall not be less than 18 months. These two provisions shall not apply to Products whose shelf life pursuant to the summary of product characteristics is shorter than 24 months. For such Products, the residual shelf life on delivery shall not be less than half of the shelf life stated in the summary of product characteristics for the Product concerned. Additional provisions concerning delivery and possible return of Products that do not meet the residual shelf life requirements are set out in clause 17.