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TERMS AND CONDITIONS OF SALE
PRICES: The prices herein named or heretofore quoted
or agreed upon shall be adjusted to the Company's prices
in effect at the time of shipment.
If transportation charges from point of origin of the
shipment to a designated point are included in the prices
herein named or heretofore quoted or agreed upon:
(a) any changes in such transportation charges shall be
for the account of the Buyer.
(b) except as otherwise stated in the Company's
quotation, the Company shall not be responsible for
switching, spotting, handling, storage, demurrage or any
other transportation or accessional service, nor for any
charges incurred therefore, unless such charges are
included in the applicable tariff freight rate from shipping
point to the designated point.
SALES AND SIMILAR TAXES: Unless otherwise stated
herein, the Company's prices do not include sales, use,
excise, or similar taxes. Consequently, in addition to the
prices specified herein, the amount of any present or
future sales, use, excise, or other similar tax applicable to
the sale, purchase, delivery, storage, processing, use or
consumption of the products hereunder shall be paid by
the Buyer, or in lieu thereof shall provide the Company
with a tax exemption certificate acceptable to the taxing
authorities.
CANCELLATION: Orders may be cancelled or deliveries
deferred upon written notice to the Company, buy only
upon the condition that the Buyer assume immediate
liability for and make payment to the Company of charges
involved which shall take into account expense already
incurred, commitments made by the Company, profit on
work in process and contract value of parts completed
and ready for shipment.
TRANSPORTATION: Delivery of the products hereunder
shall be made f.o.b. point of shipment. Unless otherwise
stated herein, transportation expenses shall be paid by
Buyer, and Company shall ship as it sees fit unless
otherwise instructed in writing by Buyer. Risk of loss or
damage to products in transit shall fall upon the Buyer,
whose responsibility it shall be to file claims with the
carrier. Bison Gear & Engineering Corporation assumes
no responsibility for insuring shipments unless specifically
requested by Buyer and then at his expense and
valuation.
DELIVERY: Shipping dates are approximate and are
based upon prompt receipt of all necessary information.
the Company shall not be liable for any delay in delivery,
or failure to manufacture due to causes beyond its
reasonable control, or due to acts of God, acts of Buyer,
acts of civil or military authority, priorities, fires, strikes,
floods, epidemics, quarantine restrictions, war, riots,
delays in transportation, car shortages, and inability due
to causes beyond its reasonable control to obtain
necessary labor, materials, or manufacturing facilities. In
the event of any such delay, the date of delivery may be
deferred for a period equal to the time lost by reason of
the delay. Unless specifically stated to the contrary, orders
are accepted for delivery by partial shipment as fast as
manufactured.
WARRANTY: The Company warrants to the Buyer the
products sold hereunder to be free of defects in material
and workmanship under normal use and service for a
period of one (1) year from the date of shipment. the
obligation of the Company under this warranty is limited to
repair or replacing, at its option, any part or parts, which
upon examination shall disclose to the reasonable
satisfaction of the Company to have been defective in
material or workmanship. Buyer must return the products
to the Company's factory, shipping charges prepaid, and
with complete information as to alleged defects and the
installation, operation and service of the products. Except
as otherwise expressly stated herein the COMPANY
MAKES NO REPRESENTATION OF WARRANTY OF
ANY KIND, EXPRESS OR IMPLIED, AS TO
MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, OR ANY OTHER MATTER WITH RESPECT
TO THE PRODUCTS SOLD HEREUNDER.
LIMITS OF LIABILITY: The Company shall not be liable
for and Buyer assumes responsibility for, all personal
injury and property damage resulting from the handling,
possession or use of the products by Buyer. The liability of
the Company arising out of the supplying of any product,
or its use, whether on warranties or claim of negligence or
otherwise, shall not in any case exceed the cost of
correcting defects in the product as herein provided. The
Company shall not in any event be liable for any labor
expended by the Buyer on any defective products or for
any special direct or indirect or consequential damages.
PAYMENTS: If, in the judgment of the Company, the
financial condition of Buyer at any times does not justify
continuance of production or shipment on the terms of
payment originally specified, the Company may at any
time decline to make any shipment or delivery or perform
any work except upon the receipt of payment or upon
terms and conditions or security satisfactory to the
Company. In the event of the bankruptcy or insolvency of
Buyer or in the event any proceeding is brought by or
against Buyer under the bankruptcy or insolvency laws,
the Company shall be entitled to cancel any order then
outstanding and shall receive reimbursement for its
cancellation charges.
Each shipment shall be considered a separate and
independent transaction, and payment therefore shall be
made accordingly. If shipments are delayed by Buyer,
payments shall become due on the date when the
Company is prepared to make shipment. If the work
covered by the purchase order is delayed by Buyer,
payments shall be made based on the purchase price and
the percentage of completion. Products held for Buyer
shall be at the risk and expense of Buyer. The Company
reserves the right to ship to its order and make collection
by sight draft with bill of lading attached. The cash
discount shall not be allowed on any transportation
charges included in delivered price.
SECURITY TITLE: Security title and the right of
possession of any products sold hereunder shall remain
with the Company until all payments hereunder (including
deferred payments whether evidenced by notes or
otherwise) shall have been made in full in cash, and
Buyer agrees to do all acts necessary to perfect and
maintain such security right and title in the Company.
VARIATIONS: Unless otherwise specified in writing, any
variation over or under in quantities shipped not
exceeding 10% of the quantities ordered shall constitute
compliance with the order and the unit price will continue
to apply.
INSURANCE: Buyer's material, dies, or tooling shall not
be insured by the Company unless specifically requested
by Buyer and made a part of the order at Buyer's
expense. If no special agreement is made, the Company
assumes no responsibility for destruction or partial loss
due to fire or other casualty beyond the Company's
specific and reasonable control.
PATENTS: The Company warrants that the products sold
pursuant to this contract, except such products as are
made for Buyer according to Buyer's designs, drawings or
specifications, do not infringe any valid U.S. Patent. This
warranty is given upon condition that Buyer promptly
notify the Company of any claim or suit involving Buyer in
which such infringement is alleged, and if the Company is
affected, that the Buyer permit the Company to control
completely the defense or compromise of any such
allegation of infringement. Buyer shall indemnify and save
harmless the Company from and against all judgments,
damages, cost and expense against the Company or
sustained by the Company on account of any actual or
alleged patent infringement arising out of the Company's
manufacture of products according to Buyer's designs,
drawings or specifications for sale to Buyer.
COMPLIANCE WITH LAWS: The Company will comply
with all applicable federal, state and local laws. Without
limiting the generality of the foregoing, the Company
represents that any products to be furnished or the
services rendered hereunder were or will be produced or
performed in compliance with all applicable requirements
of section 6, 7 and 12 of the Fair Labor Standards Act of
1938, as amended, and of all valid and applicable
regulations and orders of the Administrator of the Wage
and Hour Division issued under section 14 thereof.
BUYER'S ACCEPTANCE OF ABOVE CONDITIONS:
Orders resulting from this quotation shall be subject to the
terms and conditions contained or referred to in the
Company's quotation and on this and to no others
whatsoever.
No waver, alteration or modification of the terms and
conditions on this shall be binding unless in writing and
signed by the Company.
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