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1. PRIORITY: The terms and conditions hereof shall govern the rights and
responsibilities of the parties notwithstanding any additional, different or
inconsistent terms contained in any order by Buyer, which Seller hereby expressly
rejects.
2. ACCEPTANCE: This sale of goods is conditioned upon Buyer’s acceptance of
the terms and conditions herein contained. Seller hereby expressly rejects any
and all terms in any purchase order or other document of Buyer which are in
addition to, different from, or inconsistent with these terms and conditions. If this is
a Quotation, it is an offer to sell, subject to final approval by Seller. The offer may
be withdrawn at any time prior to receiving Buyer’s acceptance, and the offer shall
expire automatically if not accepted within thirty (30) days from the date on the
face hereof.
3. TAXES AND DUTIES: Prices are subject to the addition of any applicable
sales, use and excise taxes, customs duties or tariffs, or any other taxes, duties, or
tariffs imposed by a political subdivision, which shall be paid by the Buyer. For tax
purposes, title to the goods shall pass from Seller to Buyer upon being loaded for
shipment whether by common carrier, by Seller’s or Buyer’s own trucks, or
otherwise.
4. CREDIT APPOVAL: Payment must be made in full prior to the commencement
of any product preparation or fabrication unless alternative payment arrangements
are included within the Sales Order and subsequently approved by Seller’s Credit
Department. All alternative payment arrangements contained in any Sales order
are strictly contingent upon final approval by Seller’s Credit Department. Upon
Purchaser’s acceptance of any Sales Order containing alternative payment terms,
Seller’s Credit Department shall have thirty (30) days in which to accept or reject
the Sales Order in its sole discretion based on the creditworthiness of Purchaser.
An evaluation of creditworthiness shall include, but not be limited to\, a review of
Seller’s records of Purchaser’s payment history. Any such Sales Order not
accepted within the thirty (30) day period shall be conclusively deemed rejected.
For alternative payment terms, Seller may require Purchaser to execute Seller’s
form of security agreement.
5. PAYMENT TERMS: Purchaser shall make payments in accordance with the
payment arrangements approved by Seller’s Credit Department. If Seller delays
shipment as requested by Purchaser under paragraph 9 hereof, Purchaser shall
pay the full purchase price (or the final installment) within thirty (30) days after the
goods have been completed and, in addition, shall pay a reasonable storage
charge as determined by the Seller. Any balance not paid when due shall bear
interest at the rate of 1.5% per month (18% A.P.R.) on the average daily balance
until paid or the highest rate allowed by applicable law, whichever is less.
Notwithstanding anything to the contrary in paragraph 15 hereof, the parties agree
that Seller may bring suit to collect any unpaid balance due from Purchaser (or
submit such claim to arbitration in Seller’s sole discretion), and Purchaser shall
pay all attorney fees and court costs incurred by Seller in connection with the suit
to collect such unpaid balance. The parties agree that any such suit brought by
Seller shall not be stayed by virtue of any arbitration proceeding between parties,
shall proceed to judgment by the Court, and that all of Purchaser’s defenses,
avoidances and counterclaims (other than the defense of payment) which it might
have shall be submitted to arbitration as provided in paragraph 15. All payment
shall be made in currency of the United States.
6. SPECIFICATIONS: Any specifications or drawings submitted to Buyer must be
approved and returned to Seller by the date specified in the specification
transmittal letter. Any delay will delay the shipping date and may increase Buyer’s
cost.
7. ORDERS: All orders are subject to written acceptance and approval by Seller
at the Seller’s home office, Springfield, Missouri, U.S.A. and subject to approval by
Seller’s credit department.
8. TITLE AND RISK OF LOSS: Title to and risk of loss of the goods shall pass
from the Seller to the Buyer in accordance with the terms F.O.B., F.A.S., D. & F.,
C.I.F., etc., as specified on the face of this quotation, as such terms are defined in
the Missouri Uniform Commercial Code and other similar acts or treaties for
shipment outside of the Continental United States.
9. SHIPMENTS: Shipping dates are estimates only. Seller shall not be liable for
delays due to acts of God, labor disputes, fire, flood, material or transportation
shortages, breakdown of equipment, or any other causes beyond Seller’s
reasonable control. Unless otherwise provided on the face hereof, Seller may ship
the goods by any mode, and in full or in partial shipments. In no event shall Seller
be liable for any consequential damages, lost profits or claims for labor or material
resulting from failure or delay in shipment. If production is changed at the request
of Buyer, any resulting delay will extend the shipping date and may increase
Buyer’s cost. If Buyer defers shipment beyond the completion date, the order will
be subject to invoicing, payment and storage charges from date of completion.
10. INSPECTION. Buyer shall inspect the goods at the time and place of delivery
and Buyer agrees that such occasion shall constitute a reasonable opportunity for
its full inspection. The parties agree that Buyer’s failure to reject the goods within
three (3) business days shall constitute acceptance of the goods. After Buyer
inspects and accepts the goods, Buyer shall, except as provided in paragraph 13
hereof, be deemed to have acknowledged that the goods comply with all
specifications, representations and warranties of Seller, and to have waived any
claim or cause of action against Seller with respect to the goods. Buyer is
encouraged to visit Seller=s plant prior to shipment to inspect and, when possible,
witness testing of the goods. If return of the goods is impractical Buyer may be
required to inspect the goods at Seller’s plant prior to shipment, which shall be
deemed to be a reasonable opportunity to inspect and, upon satisfactory
completion, shall constitute Buyer’s acceptance of the goods.
11. CANCELLATION: Orders are non-cancelable, unless approved in writing by
Seller. If approved by Seller, the cancellation charges will equal the total selling
price less the estimated direct labor and materials not expended and less the
salvage value of materials already purchased.
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12. APPLICABLE LAW. This Agreement shall be governed by the laws of the State
of Missouri, without reference to its choice of law provisions. Buyer hereby consents
to personal jurisdiction of the state and federal courts located in Springfield, Missouri
and agrees that any suit shall be brought solely in such courts. In the event of a suit
between the parties, THE PARTIES EXPRESSLY WAIVE ANY RIGHT TO TRIAL BY
JURY.
13. WARRANTIES. Seller warrants to Buyer that all equipment or parts thereof
manufactured by it will be free from defects in material and workmanship only, under
normal use and service, for a period of one year from the date of original shipment.
The Seller shall not be liable for any loss of profit, loss by reason of plant shutdown,
non-operation or increased cost of operation, loss of product or materials, or other
special or consequential loss or damages. This warranty will not apply to any
equipment (or parts thereof) which have been subjected to accident, alteration,
abuse, or misuse. THIS WARRANTY IS IN LIEU OF ALL OTHER WARRANTIES,
EXPRESSED OR IMPLIED (INCLUDING THE IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE) and of all
other obligations or liabilities on the part of the Seller, and the Seller will neither
assume nor authorize any other person to assume for it any other obligation or
liability in connection with this equipment. Our liability shall be limited to the purchase
price of this equipment.
This Warranty does not extend to products or components not manufactured by the
Seller, but furnished as part of its equipment (for example: motors, starters,
thermometers, controls, etc.), as to such products and components Seller conveys to
Buyer the warranty, if any, of Seller’s suppliers, to the extent transferable without
additional cost to Seller.
Permission to return any parts or equipment must be obtained, in writing, and must
be returned with transportation costs prepaid. In the event that equipment (or parts
thereof) manufactured by the Seller is returned to the plant, the Seller’s obligation will
be limited to repairing or replacing parts which upon examination are found (to the
satisfaction of the Seller) to be defective in either material or workmanship, or at its
option, to refund the purchase price of the defective portion. No transportation
charges will be paid by the Seller unless written approval for transportation charges is
given by the Seller. Should an in-warranty failure occur, and it is, in the judgment of
the Seller, impractical to return the equipment for repairs, the Seller, if it elects to
repair or replace the same, will arrange for the repairs to be made by its personnel,
sublet to a qualified Seller, grant an allowance for the repairs or replacements as
provided below, or refund the purchase price of the defective portion. The Buyer will
be expected to cooperate by making the equipment available and accessible when
the work is scheduled and is expected to provide the necessary utilities. If Seller
elects to grant an allowance, the Seller’s obligation shall be limited to labor costs in
an amount equal to the amount which would be payable for a reasonable number of
hours required to make the repairs at the rates Seller would have paid to its
employees, replacement costs, not exceeding the purchase price paid by Buyer for
the defective portion, and in such event, all labor and replacement costs shall be paid
by the Buyer and the Seller will reimburse such costs to the extent set forth above.
14. LIMITATION OF LIABILITY. Buyer’s exclusive remedy for claims arising
hereunder shall be for damages. Seller shall not under any circumstances be liable
for special or consequential damages, such as, but not limited to, damage or loss of
other property or equipment, loss of profits or revenue, costs of capital, or claims by
Buyer’s customers. The remedies of the Buyer set forth herein are exclusive, and the
liability of the Seller with respect to the goods, or anything done in connection
therewith, or from the manufacture, sale, delivery, resale, installation or use of any of
the goods sold hereunder, whether arising out of contract, negligence, strict liability,
tort, or under any warranty, or otherwise, shall not, exceed the price of the goods
upon which such liability is based.
SELLER SHALL NOT BE LIABLE FOR CORROSION OR SUITABILITY OF USE OF
ANY MATERIAL IN ANY PARTICULAR APPLICATION, CORROSION RESISTANCE
AND SUITABILITY FOR USE OF ANY MATERIAL IS DEPENDENT UPON
OPERATING ENVIRONMENT AND CONDITIONS, CLEANING AGENTS AND
PRACTICES, AND MANY OTHER FACTORS BEYOND THE CONTROL OF
SELLER. BUYER BEARS ALL RESPONSIBILITY AND RISK FOR CORROSION
OR SUITABILITY FOR USE OF ALL MATERIALS IN THEIR PARTICULAR
APPLICATION.
15. ARBITRATION. Except as provided in paragraph 5 hereof, any dispute,
controversy or claim arising out of or relating to this Agreement or any purchase order
issued by Buyer and accepted by Seller hereunder (including, but not limited to, any
dispute relating to the existence, interpretation, breach or termination hereof or
thereof) that cannot be resolved by the parties involved, within ninety (90) days of
notification by either party of the dispute, shall be resolved by binding arbitration
administered by, and in accordance with the Arbitration Rules of the American
Arbitration Association. The award of the arbitrator(s) may be entered by any court
having jurisdiction thereof. The costs of the arbitration shall be shared equally by the
parties, and each party shall bear its own attorney fees and expenses. Any
arbitration proceeding shall be conducted exclusively in Springfield, Missouri.
16. MISCELLANEOUS. This Agreement is intended by the parties as a complete
and exclusive statement of the terms of their agreement. No course of prior dealings
between the parties and no usage of trade shall be relevant to supplement or explain
any term used herein, and no modification shall be binding on Seller unless made in a
writing signed by Seller. No claim or right arising out of a breach of this Agreement
can be discharged in whole or in part by a waiver or renunciation of the claim or right
unless the waiver or renunciation is supported by separate consideration and is in a
writing signed by Seller. Buyer shall not assign its rights or delegate its duties under
this Agreement. Facsimile and E-mail signatures of the parties shall constitute
original signatures for all purposes. The invalidity of any portion of this Agreement
shall not affect the validity of any remaining portions thereof.
THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH
MAY BE ENFORCED BY THE PARTIES. |