Long Term Supply Agreement

After termination, the Buyer shall promptly pay the Supplier the applicable purchase price for all Products in the Possession or Control of the Buyer, regardless of the terms of payment of this Sales Confirmation or a Supplier Invoice. All orders placed by the Buyer prior to the effective date of early termination may, at the sole discretion of the Supplier, be executed in whole or in part by the Supplier and, to the extent that this has been performed, paid for by the Buyer in accordance with the terms of this Sales Confirmation. (g) A cross defect has occurred and is continuing. It is a multi-purpose agreement for a reasonably long period of time, during which one party agrees to supply annual quantities of products or materials and to purchase the other party. The agreement provides for minimum and quantitative annual quantities, providing that each sale is made against an order for a fixed quantity. This Agreement may be used for manufactured products or for raw materials, although some raw materials with environmental aspects require detailed provisions and local legal advice. Supplier may terminate this Contract immediately if Buyer fails to pay the overdue amounts within thirty (30) calendar days of receipt of notification. Keeping orders and invoices in order, that`s it. Transferred securities can lead to unpaid bills and angry traders, or even a damaged credit rating or a drop in available inventory…

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