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Master Purchase Agreement

 

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Title:

Master Purchase Agreement

Entities:

Matria Healthcare, Inc.; Therasense Inc

Date:

2001

Size:

Preview shows 5KB of 51KB total

Price:

$42

ID:

#1403613

 

 

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BEEN REDACTED AND HAVE BEEN SEPARATELY FILED WITH THE COMMISSION]


MASTER PURCHASE AGREEMENT

Manufacturing and Supply

This Master Purchase Agreement is effective as of June 1, 2001 (the
"Effective Date"), by and between TheraSense, Inc., a Delaware corporation
having its principal place of business at 1360 South Loop Road, Alameda,
California 94502 ("TheraSense") and Facet Technologies, LLC, a Georgia limited
liability company, having a place of business at 1850 Parkway Place, 9th Floor,
Marietta, Georgia 30067 ("Facet").

RECITALS

WHEREAS, Facet is a leader in the field of manufacturing lancing devices
and lancets for the diagnostic testing market; and

WHEREAS, TheraSense develops and manufactures advanced blood glucose
monitoring devices for diabetics; and

WHEREAS, TheraSense wishes to contract with Facet to manufacture certain
Products (as hereinafter defined) for use with the Freestyle blood glucose
monitoring device, as defined and described in the Specifications provided as
Exhibit B hereto, and to purchase the resulting Products from Facet; and

WHEREAS, Facet agrees to manufacture and supply such Products to
TheraSense;

NOW THEREFORE, in consideration of the mutual covenants contained herein,
the parties agree to the terms and conditions specified below as follows:

AGREEMENT

The terms and conditions of this agreement and Exhibits A and B hereof
(collectively the "Agreement") and any Purchase Order(s) issued hereunder, shall
govern all sale and purchase transactions pertaining to the Products, that may
be entered into by TheraSense and Facet from time to time hereafter, unless
expressly otherwise agreed in writing.

1. DEFINITIONS

1.1 "Acceptance" shall mean the successful completion of a mutually
agreed upon inspection and test procedure for Products which confirms that the
tested Product meets the Specifications (as defined hereinafter).

1.2 "Affiliate" shall mean any entity that directly or indirectly
controls, is under common control with, or is controlled by, one of the parties
to this Agreement. An entity shall be deemed to be in control of another entity
only if, and for so long as, it owns or controls more than fifty-one percent
(51%) of the shares of the subject entity entitled to vote in the election of
the

-1-
<PAGE>

directors (or, in the case of an entity that is not a corporation, for the
election of the corresponding managing authority).

1.3 "Cooperative Development Agreement" shall mean that certain
Cooperative Development Agreement between the parties dated as of December 1,
1998, as amended.

1.4 "Engineering Change" shall mean any mechanical or process change
to any Product, including injection molding, or the manufacturing kitting, or
assembly process for any Product. An Engineering Change includes changes
originating from TheraSense or Facet that could affect the safety, performance,
reliability, serviceability, appearance, dimensions, tolerances, materials, and
composition of any bill of material of any Product.

1.5 "FDA" shall mean the United States Department of Health and Human
Services' Food and Drug Administration.

1.6 "Force Majeure" shall mean any act of God, earthquake, fire,
natural disaster, accident, act of government, or an act that is beyond the
reasonable control of either party.

1.7 "Product" shall mean the lancing devices, as developed under the
CDA, and lancets for the Freestyle systems. Additional Products may be added
with the agreement of both parties.


1.8 "Product Improvements" shall mean any modifications to the
Products or manufacturing assembly process including system kiting to enhance
performance and/or provide comparable performance at lower cost. All Product
Improvements must be approved in writing by TheraSense prior to
implementation.

1.9 "Purchase Order" shall mean written order(s) from TheraSense to
Facet for the Products, specifically referencing this Agreement and including
the description, quantity, shipping destination, and required delivery date at
the destination.

1.10 "Specifications" shall mean the mutually agreed upon
specifications for the Products and packaging.

1.11 "TheraSense" as used herein shall mean TheraSense and/or its
authorized subcontractor(s), when referring to the ordering or delivery of or

 

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