Common use of RETURNS AND CREDITS Clause in Contracts

RETURNS AND CREDITS. All returns shall be sent to Supplier freight and miscellaneous costs pre-paid, with approve return authorizations by Supplier noted on all packaging and documentation. At its discretion, Supplier may replace or repair any returned Products. If replacement or repair of the returned Products is not possible, the Supplier shall issue credit for returned merchandise according to the schedule below: a. Merchandise returned in unused, salable condition (outside seal intact) within thirty (30) days of delivery: CREDIT @ 80% OF DISTRIBUTOR NET COST. b. Orders for merchandise accepted by the Supplier and terminated by the Distributor prior to delivery: CREDIT @ 90% OF DISTRIBUTOR NET COST. c. Defective merchandise: CREDIT @ 100% OF DISTRIBUTOR NET COST. d. Merchandise processed in error by Supplier: CREDIT @ 100% OF DISTRIBUTOR NET COST. e. Merchandise not suitable for resale: NO CREDIT. f. Merchandise returned due to changes in product line: CREDIT AMOUNT DETERMINED BY EACH CIRCUMSTANCE.

RETURNS AND CREDITS. All returns shall be sent to Supplier freight and miscellaneous costs pre-paid, with approve return authorizations by Supplier noted on all packaging and documentation. At its discretion, Supplier may replace or repair any returned Products. If replacement or repair of the returned Products is not possible, the Supplier shall issue credit for returned merchandise according to the schedule below: a. Merchandise returned in unused, salable condition (outside seal intact) within thirty (30) days of delivery: CREDIT @ 80% OF DISTRIBUTOR NET COST. b. Orders for merchandise accepted by the Supplier and terminated by the Distributor prior to delivery: CREDIT @ 90% OF DISTRIBUTOR NET COST. c. Defective merchandise: CREDIT @ 100% OF DISTRIBUTOR NET COST. d. Merchandise processed in error by Supplier: CREDIT @ 100% OF DISTRIBUTOR NET COST. e. Merchandise not suitable for resale: NO CREDIT. f. Merchandise returned due to changes in product line: CREDIT AMOUNT DETERMINED BY EACH CIRCUMSTANCE.