Common use of Restocking Fee Clause in Contracts

Restocking Fee. MicroGroup may, at its option, agree to accept standard stock product returns from Customer. Such standard stock product must be in its original condition to allow for resale. MicroGroup reserves the right to charge a restocking fee of a minimum of twenty five percent (25%) of the selling price. Customer shall also be responsible for the payment of all shipping charges for the returned product. Engineered products and custom tubing cannot be returned for a restocking fee.

Appears in 3 contracts

Sources: Standard Terms and Conditions for Sale of Goods and Services, Standard Terms and Conditions for Sale of Goods and Services, Standard Terms and Conditions for Sale of Goods and Services