Levata Consumable Inventory Stocking Agreement
Consumables Inventory Stocking Agreement Prepared for
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Part Number(s)
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Terms
This letter authorizes Levata (or its subsidiary) to manufacture, hold, and replenish (when applicable) an inventory level of the part number(s) designated below. Levata will manage these parts with the objective that you will have readily available and uninterrupted supply of material, stable pricing and availability to meet your demand as defined by the agreed upon stocking levels noted below. This agreement is effective from the above date. This agreement is for the above term from the effective date unless canceled per the termination clause below. In the event Client chooses to discontinue, change, terminate in whole or part of this agreement on thirty (30) days written notice, or upon the non-renewal of expiration of this Agreement, Client will assume responsibility of the remaining inventory and any materials committed to this agreement. The responsibility is limited to the established Maximum Inventory Level listed above for each said product plus an amount up to but no greater than the minimum stock level. The remaining inventory will be shipped to the above address (or location designated by the customer) and invoiced accordingly within thirty (30) days of the discontinuation, change, termination or if inventory becomes older than 180days. We reserve the right to ship and invoice all inventory beyond the agreed upon maximum holding period of 180 days. In the event inventory is shipped and invoiced because it is greater than 180 day sold, that item shall be removed from the contract once client has paid for all shipped inventory.
Account Executive
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Prepared by if different than Account Executive
Client / Proposed for
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Client Approval
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