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CSI Terms and
Conditions
Chip Supply, Inc. Selling Terms and
Conditions
- Title to goods will pass on delivery to the Carrier or to the
Buyer at Seller's warehouse. Thereafter, all risk shall be borne by
Buyer. No liability shall result from delay in performance or
nonperformance of this agreement directly or indirectly caused by
acts of God, accidents, riots, war, governmental acts or embargoes,
government regulations, inadequate or interrupted transportation
facilities, enemy action, fire, explosions, flood, labor trouble or
shortage, inability to obtain suitable material, equipment, fuel or
power, or arising from contingencies, happenings, or other causes
beyond the reasonable control of Seller. Quantities so affected may
be eliminated without liability but this agreement shall otherwise
remain unaffected. Shipping dates are approximate and based on
prompt receipt of all necessary information and materials by seller
at its facility.
- Seller makes no warranty of any kind, expressed or implied,
including any warranties of merchantability or fitness for a
particular purpose and buyer assumes all risk and liability for
results obtained by the use of a the products covered by this
contract, whether used singly or in combination with other
products. Seller makes no warranty to subsequent buyers of products
and/or integration of said products to end-users.
- Complete warranty and liability is detailed on separate
document, Chip Supply, Inc. Warranty, CSI-D-362 Rev -.
- All prices quoted here are subject to any addition that may be
necessary to cover any tax or charge now existing or hereafter
imposed by Federal, State, or Municipal authorities upon products
or services herein described, or the production, sale, distribution
or delivery thereof, or upon any feature of this transaction.
- Seller's liability hereunder for any damages is expressly
limited to the purchase price of the products delivered. The remedy
hereby provided shall be the exclusive and sole remedy of Buyer;
Seller shall have no liability for consequential damages.
- Failure of Buyer to give Seller notice of claim within 30 days
from date of deliver shall constitute a waiver of all claims in
respect to such products. No products shall be accepted for return
without written authorization from Seller.
- Seller hereby certifies that these products or the performance
of the services covered herein were produced in compliance with all
applicable requirements of the Fair Labor Standards, Act, as
amended and other State and Federal labor laws.
- Standard shipping terms shall be FOB Seller's Place of
Business.
- Scheduled delivery dates are firm and will not be changed if
within 45 days of notification date. Scheduled delivery dates
beyond 45 days may be accepted at Seller's sole discretion.
- Each shipment shall be a separate transaction and payment shall
be made accordingly. Unless otherwise agreed in writing, payment
for products shall be made on the basis of net cash in U.S. dollars
thirty (30) days from the date of invoice. If, in the exclusive
judgment of Seller the financial condition of the Buyer at any time
does not justify the commencement or continuance of production or
shipment on the terms specified herein, Seller may, in addition to
all other remedies it may have at law or in equity, make a written
demand for full or partial payment in advance, suspend its
performance until such payment is made and cancel the Buyer's order
if such payment is not received by Seller within thirty (30) days
after delivery in person or mailing of said demand by Seller. If
the Buyer delays shipments, payments shall become due from the date
when seller is prepared to make shipment. If the Buyer delays
manufacture, payments shall thereupon be made based on the contract
price and percent of completion. Products held for the Buyer shall
be at the sole risk and expense of the Buyer.
- CSI will endeavor to comply with delivery of the precise
quantities specified in your order, but CSI will be deemed in
compliance if the actual quantities shipped are within +/-10% of
such specified quantities. The extended price in all cases will be
the unit price multiplied by the quantity actually delivered.
- If there is a cancellation prior to completion, Buyer shall be
liable for all raw materials work-in-process and finished inventory
in Seller's possession as follows:
- Raw materials - 75% of contract price of finished product
- Work-in process - percent completion x contract price of
finished product
- Finished goods - contract price
However, such liability is limited to 45 days inventory usage or
the inventory required to complete the contract whichever is
lesser. Buyer also agrees that in the event of cancellation, the
price per unit delivered will be re-billed at the appropriate
price/quantity level.
- No credit will be allowed on goods returned unless Seller has
granted prior written permission.
- Checks received from or for the account of Buyer, regardless of
writings, legends, or notations on such check or of other writings,
statements or documents may be applied against amounts owing by
Buyer, without accord and satisfaction of Buyer's liability.
- Buyer agrees to comply with all applicable U.S. export laws,
regulations and orders. Specifically, but without limitation, Buyer
agrees that it will not resell, re-export or ship, directly or
indirectly, any Products or technical data in any form without
obtaining appropriate export or re-export licenses from the U.S.
Government. Buyer acknowledges that the applicable export laws,
regulations and orders may differ from item to item and/or from
time to time.
- All materials and Products furnished by Seller and identified
as containing Confidential Information must be held in confidence
by the recipient using at least the degree of care the recipient
uses for its own confidential information, but no less than
reasonable care. Recipient may not disclose such materials or
confidential information except to employees who require use of the
materials in the performance of their duties. Confidential
information does not include information in the public domain,
information known to the recipient prior to any disclosure
hereunder, information developed independently of any disclosure
hereunder, information later communicated to the recipient by
another without obligation of confidence, or information
communicated by the owner to a third party free of any obligation
of confidence. The recipient shall hold all confidential
information and materials containing confidential information in
confidence for three (3) years after receipt.
- Any controversy or claim arising out of or relating to this
agreement or any modification thereof, shall be settled by
arbitration to be held in Orlando, Florida in accordance with the
rules, then obtaining of the American Arbitration Association and
judgment upon the award rendered may be entered in the highest
court of the forum, state or federal having jurisdiction. The
arbitrators sitting in any such controversy shall have no power to
alter or modify any express provision of this agreement or render
any award which by its terms effects any alterations or
modification.
- No modification of these terms and conditions shall be of any
force unless reduced to writing and signed by the party claimed to
be bound thereby. This acknowledgment supersedes Buyer's purchase
order and contains entire agreement between Buyer and Seller.
- The laws of the State of Florida hereto shall govern the
validity, construction, and interpretation of this contract of sale
and the rights and duties of the parties.
For More Information About
Chip Supply Click Here.
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