Risk of Disputes Associated with Failure to Execute a Master Transaction Agreement
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2023.
3 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a general rule, our group executes master transaction agreements with ongoing business partners for purchasing and sales transactions. However, due to past transaction practices with existing business partners and the policies of those partners, we do not necessarily execute such agreements. We seek to clarify the basic terms of transactions through specifications for the products concerned, quotations and purchase orders based on those quotations, transaction confirmation forms, and other documents.」
Even when a master transaction agreement is not executed, the group continues to clarify the relevant terms through specifications, quotations, purchase orders, transaction confirmation forms, and other documents. - FY2022RestatedAnnual report
「As a general rule, our group executes master transaction agreements with ongoing business partners for purchasing and sales transactions. However, due to past transaction practices with existing business partners and the policies of those partners, we do not necessarily execute such agreements. We seek to clarify the basic terms of transactions through specifications for the products concerned, quotations and purchase orders based on those quotations, transaction confirmation forms, and other documents.」
Even when a master transaction agreement is not executed, the group continues to clarify the relevant terms through specifications, quotations, purchase orders, transaction confirmation forms, and other documents. - FY2020RestatedAnnual report
「We seek to clarify the basic terms of transactions through specifications for the products concerned, quotations and purchase orders based on those quotations, transaction confirmation forms, and other documents. Although our group has encountered no impediment to its ordinary transactions at present, if a problem were to arise concerning a matter that has not been clearly agreed between the group and a business partner, the relationship with that partner could deteriorate and the matter could develop into a dispute.」
Even when a master transaction agreement is not executed, the group continues to clarify the relevant terms through specifications, quotations, purchase orders, transaction confirmation forms, and other documents. - FY2018RestatedAnnual report
「We seek to clarify the basic terms of transactions through specifications for the products concerned, quotations and purchase orders based on those quotations, transaction confirmation forms, and other documents. At present, our group has encountered no impediment to its ordinary transactions.」
For transactions without master agreements, the group continues to clarify the relevant terms through specifications, quotations, purchase orders, transaction confirmation forms, and other documents, and states that ordinary transactions are not impeded. - FY2017MitigatedAnnual report
「We seek to clarify the basic terms of transactions through specifications for the products concerned, quotations and purchase orders based on those quotations, transaction confirmation forms, and other documents. At present, our group has encountered no impediment to its ordinary transactions.」
For transactions without master agreements, the group clarifies the relevant terms through specifications, quotations, purchase orders, and transaction confirmation forms, and states that ordinary transactions are currently not impeded. - FY2016First statedAnnual report
「Due to past transaction practices with existing business partners and the policies of those partners, we do not necessarily execute master transaction agreements.」
The group indicates that transactions without written agreements could lead to deteriorating relationships or disputes over matters for which no clear arrangements have been made.