OEM Purchase Agreement: Definition, Terms, Example
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What is an OEM Purchase Agreement?
An OEM purchase agreement is a contract between an original product manufacturer and another party that allows them to use components to build a new product. The contract states what components are authorized to be used by the OEM and what the approved resulting new product is. The contract also states what compensation the OEM will receive from the other contracted party in exchange for the allowance to use the OEM components.
The purpose of hte OEM purchase agreement is to create a legal agreement between an OEM and an acquiring party that is legally enforceable.
Common Sections in OEM Purchase Agreements
Below is a list of common sections included in OEM Purchase Agreements. These sections are linked to the below sample agreement for you to explore.
OEM Purchase Agreement Sample
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1.
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TERM OF AGREEMENT
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2.
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PRODUCTS
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3.
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PRICE
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5.
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LIMITED USE
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6.
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NON-BINDING FORECAST
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7.
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RESCHEDULES AND CANCELLATIONS
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8.
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[INTENTIONALLY LEFT BLANK]
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9.
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INVENTORY LIABILITY
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10.
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PAYMENT
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11.
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TAXES
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12.
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DELIVERY TERMS
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13.
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SHORTAGE
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14.
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ENVIRONMENTAL COMPLIANCE
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15.
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INCOMING INSPECTION AND ACCEPTANCE
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16.
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EPIDEMIC FAILURES
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17.
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LIMITED WARRANTY AND
DISCLAIMER
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18.
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LIMITATION OF LIABILITY
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19.
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INDEMNIFICATION
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20.
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NOTICE
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For OEM:
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Nutanix, Inc.
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1740 Technology Drive, Suite 150
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San Jose, California 95110
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Attn:
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Legal Counsel
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Phone:
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855-NUTANIX (688-2649)
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Facsimile:
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408-916-4039
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21.
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CONFIDENTIAL INFORMATION
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22.
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INTELLECTUAL PROPERTY
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23.
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PRODUCT DISCONTINUANCE; SUPPLY CONTINUITY; END OF LIFE
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24.
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ARBITRATION
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25.
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TERMINATION
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26.
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EXPORT REGULATION COMPLIANCE
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27.
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RELATIONSHIP OF PARTIES
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28.
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29.
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FORCE MAJEURE
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30.
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ASSIGNMENT
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31.
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ATTORNEY FEES
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32.
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SEVERABILITY
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33.
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34.
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SURVIVAL
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Supplier:
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OEM:
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Super Micro Computer, Inc
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NUTANIX INC.
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By:
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/s/ Robert Aeschliman
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By:
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/s/ Kenneth Long
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Name:
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Robert Aeschliman
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Name:
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Kenneth Long
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Title:
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General Counsel
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Title:
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VP of Accounting
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•
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Three-year labor
1
:
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•
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Three-year parts2 [***]
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•
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One-year Advance parts replacement services
[***]
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•
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120 days parts DOA cross ship
3
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•
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One-year parts
2
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•
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120 days parts DOA cross ship
3
[***]
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•
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Return within 30 days return for credit
4
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•
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Five-year parts
2
[***]
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•
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120 days parts DOA cross ship
3
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•
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Return within 30 days return for credit
4
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•
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Five-year parts
2
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•
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120 days parts DOA cross ship
3
[***]
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•
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Return within 30 days return for credit
4
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•
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Three-year parts
2
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•
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120 days parts DOA cross ship
3
[***]
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•
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Return within 30 days return for credit
4
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1.
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Labor coverage includes any labor costs incurred for repairs by Supermicro during coverage period.
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2.
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Parts coverage includes any material and parts costs incurred for repairs by Supermicro during coverage period.
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3.
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In the event a product is dead on arrival (“DOA”), Supermicro shall directly ship to Nutanix, at’s direction, a replacement product during the coverage period, which shall begin on the date of Supermicro’s invoice.
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4.
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Supermicro shall refund a credit for the current value of the product if said product is returned under the following criteria: (i) the product is returned for refund during thirty (30) day from Supermicro’s invoice date; and (ii) Supermicro is unable to repair or replace the product. The date of return shall be the date Customer ships product to Supermicro as long as the refund request is made within the thirty (30) day period described in this section.
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Supplier:
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OEM:
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Super Micro Computer, Inc
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|||||
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By:
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By:
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Name:
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Name:
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Title:
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Title:
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1.
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The Parties agree that Nutanix Netherlands B.V., an entity affiliated with Nutanix, Inc., should be added to the Agreement as a party. Therefore all references to “OEM” in the Agreement, as amended, shall include both Nutanix, Inc. and Nutanix Netherlands, B.V.
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2.
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A new paragraph is added to the end of Section 2 as follows:
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3.
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Section 8 of the Agreement is deleted in its entirety and replaced with the following:
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a.
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Life Cycle [***] will [***] and provide such [***]. For the purpose of clarity, no [***] shall be [***] to them.
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b.
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[***]. Supplier shall use commercially reasonable efforts to [***] manufacturing as part of the forecasting mechanism described in Section 6 of the Agreement [***].
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c.
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[***]. OEM [***] of Software at Scale Products as part of performing [***] be solely [***] Software at Scale Hardware (as defined in Exhibit D). OEM [***] the Software at Scale Hardware and [***]. However, OEM [***] that [***] the Software at Scale Hardware utilizing [***].
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4.
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A new Exhibit D is added to the Agreement as attached to this Amendment.
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5.
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No other changes are made to the Agreement, and following the Amendment Effective Date, all references to the “Agreement” shall mean the Agreement as amended by this Amendment.
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1.
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INTRODUCTION
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•
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[***] will be made by the [***].
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•
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The Parties shall enable the End Customer to [***] with Products contemplated under the Agreement as of the Effective Date of the Agreement.
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•
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The Supplier shall [***] and OEM shall provide the
software license
[***] to the End Customer.
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•
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Supplier may impose any qualifications to do business [***] and may choose to [***], at its sole discretion.
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•
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Provided that the End Customer purchases Nutanix support, OEM shall support the hardware and software [***] as set forth in Section 6 of this Exhibit D.
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•
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OEM has no involvement or responsibility for any associated [***] and therefore, is not qualified for any promotion program for its customers related to its [***].
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2.
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DEFINITIONS.
Capitalized terms in this Exhibit D shall have the meanings set forth below.
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a.
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“[***]” means another entity in the sales channel for the [***] and not use the [***].
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b.
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“
End Customer
” means the last entity who purchases the Software at Scale Products for their own use and not for resale to another entity.
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c.
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”Software at Scale [
***
]
” means [***] as described in this Agreement.
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d.
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“
Software at Scale Hardware
” means the [***].
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e.
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“
Software at Scale Products
” means [***] as part of the Software at Scale program. These Software at Scale Products shall be designated with the suffix [***].
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f.
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“
Territory
” means the United States of America.
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a.
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Non-Exclusive Appointment. Supplier [***], and [***] such appointment, to act as an [***] during the term of Agreement (as described in Section 1 of the Agreement), solely in accordance with the terms and conditions of this Agreement.
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b.
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OEM Marketing Obligations as [***]. OEM shall, at its own expense, market the Software at Scale program including, advertising, promoting, and soliciting the sale of the Software at Scale Products [***] consistent with good business practice. OEM is not qualified for Supplier’s marketing promotion program.
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c.
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OEM Obligations to Provide Quotes [***]. For expediency purposes, [***]. For the purpose of clarity, the Parties agree that the sales quotes [***] are not binding until agreed to in writing [***]. Supplier may reject any such quotes before they become an Order in its sole discretion.
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a.
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Supplier shall fulfill any [***] that it [***] as part of the processes outlined in this Exhibit D.
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b.
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Supplier shall provide End Customers (through the sales channel) with a standard [***] portion of the [***] consistent with or equivalent to the [***].
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c.
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As part of fulfilling any Software at Scale Orders, Supplier shall also meet the following requirements in a timely fashion such that an [***]. At a minimum, Supplier shall:
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i.
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[***];
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ii.
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Maintain a [***] on time ship rate for all Software at Scale Products shipped based on a [***] lead time;
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iii.
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[***]; and
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iv.
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Manage transportation and return material authorization [***] as they arise.
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1.
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The Parties agree that Exhibit C is deleted in its entirety and replaced with the following:
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1.
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As stated in Section 9.1 of the Agreement, OEM has no inventory liability inventory other than the Non-Standard Material, which is described in the spreadsheet attached to this Amendment 2.
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2.
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Where a component in the list of Non-Standard Material is listed in the “Nutanix Liability” column as being “
[***]
of On Hand Value & On Order to Lead Time”, Nutanix shall only have liability of
[***]
of the price of the relevant Non-Standard Material component.
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3.
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No other changes are made to the Agreement, and following the Amendment Two Effective Date, all references to the “Agreement” shall mean the Agreement as amended by this Amendment Two.
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Supermicro Part Number
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Nutanix Part Number
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Lead Time (Work Days)
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Nutanix Liability
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Cost $
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Reference:
Security Exchange Commission - Edgar Database, EX-10.2 3 ex102-04302019x10q.htm EXHIBIT 10.2, Viewed March 6, 2023, View Source on SEC.
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Meet some of our OEM Purchase Agreement Lawyers
Kenneth G.
Kenneth E. Gray, Jr. is a business and tax attorney who advises entrepreneurs, investors, and closely held companies on transactions, tax planning, disputes, and long-term wealth structuring. He focuses on helping clients make legally sound decisions that also make business sense. Ken’s practice includes business formation and restructuring, mergers and acquisitions, private investments and fundraising transactions, contract drafting and negotiation, and cross-border matters. He also maintains a significant tax practice, advising on federal and state structuring, specialty filings (including partnership, corporate, and non-resident matters), and representing clients in disputes before the U.S. Tax Court and other federal and state tribunals. In addition to his transactional work, Ken handles commercial and business litigation, including tax controversies, financial disputes, and partnership matters. His litigation experience informs how he structures deals and governance documents, with an eye toward preventing disputes before they arise. Ken also advises individuals and families on estate planning, trust formation, tax-efficient wealth transfer strategies, and probate administration, including planning involving closely held businesses and foreign assets. Before practicing law, Ken worked in banking and private equity, including managing a $5 billion emerging markets fund-of-funds portfolio at the U.S. Overseas Private Investment Corporation (OPIC) and serving in equity research at ABN AMRO. That financial background allows him to understand transactions from both the legal and capital perspective. He holds a J.D. from Georgetown University Law Center and an MBA from Yale University. He practices before the U.S. Tax Court, various state courts, and other federal courts.
"It is not easy to find a lawyer that knows Offshore Asset Protection Trusts, which own a foreign LLC, which owns a USA LLC. Fines could reach $100K if the tax forms are incorrect, or not filed. He was able to review my draft returns and provide memos with required changes (many, many changes), after 1 follow-up everything was basically done other than a few tiny edits. I really appreciated how he worked me in, right in the busiest time of tax season, to ensure there were no errors. Would definitely hire again."
Matthew S.
Attorney with a wide-range of experience
"Matthew is exceptionally timely. He had a response back to me three days before the due date. He is easy to work with and an excellent communicator. If I ever need assistance in the future, I will reach out to Matthew."
Steven W.
Attorney Steven Wax is ardent about helping his clients. Whether creating personalized estate plans, drafting and negotiating contracts or other legal matters. Steven’s goal is to assist and counsel his clients to protect them and their loved ones. Steven grew up on Long Island, New York. He attended the University of Massachusetts in Amherst earning a BS in Sport Management. He earned his paralegal certificate at Duke University and earned his Juris Doctorate from North Carolina Central University School of Law in Durham, NC. Steven has an extensive legal career in the life science sector, working for some of the world’s largest Contract Research Organizations since 2013. Steven has negotiated a broad range of contracts for both businesses and individuals. Steven participated in the NCCU Elder Law Project, where he prepared wills, durable powers of attorney, living wills, and health care powers of attorneys for low/fixed income clients in Durham and surrounding counties. Steven finds meaningful ways to share his skills and passion with his community. Steven volunteers his time to Wills for Heroes, which provides no-cost estate planning documents to first responders and their families, through the NC Bar Foundation.
"Steven was patient and effective when answering my questions and with the drafting process. Thank you Steven"
Kevin A.
With nearly 20 years’ experience as a seasoned commercial real estate attorney, I am highly proficient in property acquisitions, financing, sales and transfers (including renewable energy and telecommunications projects), commercial lease agreements (office, industrial, retail, and hospitality), construction and property management contracts, due diligence matters, title and survey analysis, strategic litigation oversight, and corporate and regulatory compliance (operating agreements, bylaws, shareholder agreements, NDAs, and indemnity agreements).
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Kelly C.
Hello! I'm an attorney who practices mainly landlord/tenant law (eviction, both plaintiff and defendant side); and criminal law (misdemeanor). I also work as appearance counsel to fill in at hearing when conflicts arise for other lawyers.
Song L.
In her professional life, Song Lo brings in a depth experience as general counsel to various companies and organizations in business and the real estate arena. Over the last 26 years, she has advised both companies and individuals in the areas of corporate investments, real estate development and contracts across multiple markets.Song has extensive experience in understanding how the law impacts companies wherever they might be in their age and stage. Important to investor and entrepreneur efforts, she has advised in the acquisition and transfer of shareholder stocks and assisted in the restructuring of private companies. Her specific areas of expertise are in corporate organization, mergers and acquisitions, employment, investments and real estate development. Specifically in real estate, Song participated in all aspects of development including pre-development and successfully gaining entitlements necessary for residential, senior housing and commercial projects. She holds experience both as legal counsel and as co-developer of real estate development projects. She was an owner and developer of senior cooperatives in Minnesota, with the LifeStyle Communities Group, promoting innovation and active living for all seniors. And, she brings all of this experience to the table at Raven Enterprise Group and RJP Development to enhance and support its services to consult and develop meaningful real estate development projects.
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Kenneth f.
Kenneth D. Ferguson is a distinguished attorney who earned his Juris Doctorate from St. Mary’s School of Law in May 2022. During his time at St. Mary’s, Kenneth displayed exceptional dedication and skill in the field of law, culminating in a historic achievement when his team secured victory in the first-ever National Mock Trial Championship for the university. This remarkable feat showcased Kenneth’s innate talent for advocacy and his unwavering commitment to excellence, earning him a well-deserved induction into the prestigious Order of the Barristers organization. Kenneth serves as a respected member of the Board of Directors for the Texas Young Lawyers Association, where he contributes his insights and expertise to the development of the legal community. Additionally, he holds the esteemed title of Fellow of the Texas Bar Foundation, a recognition of his outstanding contributions to the legal profession. Kenneth is also a valued member of the Texas Bar College, demonstrating his commitment to continuous learning and professional growth. Kenneth is licensed to practice law in a multitude of jurisdictions, including all Texas Courts, the U.S. District Court Northern District of Texas, the U.S. District Court Eastern District of Texas, and their respective Bankruptcy Divisions.
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Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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Review Stock Purchase contract for business for buyer
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Doc Type: Purchase Agreement
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Bid Range: $350 - $5,000
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