Common use of Standard Products Clause in Contracts

Standard Products. Seller may change Products that have not been customized for LCR. Seller will give LCR ninety (90) days written notice prior to implementing the change. If LCR does not want to purchase the changed Product, LCR may elect to either: (i) make a last time purchase of the unchanged Product and schedule deliveries of the last time purchase quantity over twelve (12) months after the last time but date; or (ii) discuss with Seller the possibility of Seller continuing to manufacture the existing Product as a Custom Product, subject to mutually agreeable terms.

Appears in 2 contracts

Sources: Vendor/Supplier Purchase Order, Purchase Order