GIS » Topics » Quality Control

This excerpt taken from the GIS 10-K filed Jul 26, 2007.
Quality Control

 

 

IX.1

It is recognized and understood by the parties hereto that for the purpose of protecting their mutual interest in their good will and reputation in the United States and abroad, of the business, the Products, the Trademarks and the methods, processes, formulas and techniques and similar rights covered by this Agreement, as well as for the protection of all other persons who may be or become franchisees or licensees of SODIMA with respect to the Products, or any of them, substantial uniformity in the quality and nature of the Products and in operations under this License, and observance of appropriate standards and rules, are necessary. The Licensee therefore undertakes:

 

 

a)

That in the manufacture of the Products it will procure and use cultures from SODIMA or from sources approved in writing by SODIMA, and such approval shall not be unreasonably withheld;

 

 

b)

That in the manufacture of the Products, it will use only materials, ingredients, packaging and accessories of such quality, designing, standard and composition as are currently approved in writing by SODIMA (so long as they are competitive as to cost and quality) and will comply with the standards of manufacture, processing, packaging and distribution which may be reasonably prescribed by SODIMA from time to time.

 

However, SODIMA, on Licensee’s request may grant in writing some particular conditions to take into consideration the uniqueness of the United States market.

 

 

c)

That SODIMA shall have the right to visit the manufacturing plant and control laboratory for the Products of the Licensee from time to time, at all reasonable business hours, to inspect the premises and equipment of the Licensee, to inspect, test and obtain samples of the Products and raw materials, ingredients and packaging materials relating thereto, to observe the manner of operation of the Licensee’s establishment for the production of the Products, and to cause its duly authorized agents or representatives to carry out any of the foregoing. The cost of a reasonable number of such samples shall be borne by Licensee, provided that said samples are needed by SODIMA to determine whether or not the Products produced

 




- 22 -




by Licensee meet the quality standards set forth herein and provided further that SODIMA agrees to report to Licensee results of inspections and analyses of said samples including the giving of advice to Licensee on any suggested changes to be made in the Products. Licensee may agree to provide to SODIMA samples in addition to the above or larger quantities of the Products at SODIMA’s expense.

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki