General Contract Clauses: Allocation of Supply (Pro-Buyer) | Practical Law

General Contract Clauses: Allocation of Supply (Pro-Buyer) | Practical Law

A pro-buyer allocation of supply clause for inclusion in a sale of goods, supply, distribution, or similar agreement. This Standard Clause sets out the parties' rights and obligations if a seller is facing a shortage of inventory and cannot supply the total quantity of goods required to meet its contractual obligations due to a force majeure event or other cause. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

General Contract Clauses: Allocation of Supply (Pro-Buyer)

Practical Law Standard Clauses w-025-2850 (Approx. 9 pages)

General Contract Clauses: Allocation of Supply (Pro-Buyer)

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A pro-buyer allocation of supply clause for inclusion in a sale of goods, supply, distribution, or similar agreement. This Standard Clause sets out the parties' rights and obligations if a seller is facing a shortage of inventory and cannot supply the total quantity of goods required to meet its contractual obligations due to a force majeure event or other cause. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.