Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT

Published October 15, 2010

Property:

Bailment, loan or consignment of any Project/ Product/ Services Organization property requires prior approval from the SBU Vice President, Contracts. All bailment (including consignment or loan) of Project/ Product/ Services Organization property will be accomplished under a written agreement, which establishes the rights and obligations of the parties. The Project/ Product/ Services Organization standard bailment template must always be used for these types of transactions since it is Project/ Product/ Services Organization hardware that is involved.

Project/ Product/ Services Organization Credit and Treasury Services (CTS) must approve any credit terms included in the agreement.

Whenever Project/ Product/ Services Organization Property is bailed (consigned or loaned) the SBU must track that property using internal SBU sales release,

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