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(last updated: December, 2007)
THESE TERMS AND CONDITIONS GOVERN THE SALE OF ALL PRODUCTS BY
SUMMA
ELECTRONICS, INC.
1.
ORDERS:
Shall be initiated by Buyer issuing a signed purchase order or otherwise
placing an order by electronic means acceptable to Seller. Orders shall
identify the Part Number, Unit Quantities, Descriptions, and applicable
Prices. All orders are subject to acceptance by Seller. No orders for
standard Products ("Standard Products") may be cancelled or rescheduled
without Seller's consent, which consent may be given by Seller in its
sole discretion. Seller reserves the right to allocate sales of Products
among its customers in its sole discretion.
Notwithstanding any
provision of these Terms and Conditions to the contrary, orders for
special, custom, value-added and other non-standard Products, including
Products to be assembled in kit form, Products of manufacturers which do
not appear on Seller's line card, work-in-process and Products otherwise
identified by Seller as "Non-Cancelable and Non-Returnable"
("Non-Standard Products") shall be non-cancelable and non-returnable.
2.
PRICES & TAXES:
Shall be as specified by Seller and shall be applicable for the period
specified in Seller's quote. If no period is specified, prices shall be
applicable for two (2) days. Notwithstanding the foregoing, prices shall
be subject to increase in the event of an increase in Seller's costs or
other circumstances beyond Seller's reasonable control. Prices are
exclusive of taxes, impositions and other charges, including: sales,
use, excise, value added and similar taxes or charges imposed by any
government authority, international shipping charges, forwarding agent's
and broker's fees, consular fees, document fees and import duties. If
Seller shall be liable for or shall pay any of the foregoing, it shall
be paid by Buyer to Seller in addition to the price of the Products.
3.
TERMS OF PAYMENT:
Payment shall be Pre-Paid as otherwise specified by Seller. Buyer agrees to
pay the entire net amount of each invoice from Seller pursuant to the
terms of each such invoice without offset or deduction. Orders from
Buyer are subject to credit approval by Seller, which may in its sole
discretion at any time be change or canceled at any time, require
payment in cash, bank wire transfer or by official bank check and/or
require payment of any or all amounts due or to become due for Buyer's
order before shipment of any or all of the Products. If Seller believes
in good faith that Buyer's ability to make payments may be impaired or
if Buyer shall fail to pay any invoice when due, Seller may suspend
delivery of any order or any remaining balance thereof until such
payment is made or cancel any order or any remaining balance thereof,
and Buyer shall remain liable to pay for any Products already shipped
and all Non-Standard Products ordered by Buyer. Buyer agrees to submit
such financial information from time to time as may be reasonably
requested by Seller for the establishment and/or continuation of credit
terms. Checks are accepted subject to collection and the date of
collection shall be deemed the date of payment. Any check received from
Buyer may be applied by Seller against any obligation owing from Buyer
to Seller, regardless of any statement appearing on or referring to such
check, without discharging Buyer's liability for any additional amounts
owing from Buyer to Seller, and the acceptance by Seller of such check
shall not constitute a waiver of Seller's right to pursue the collection
of any remaining balance. Buyer shall pay interest on any invoice not
paid when due from the due date to the date of payment at the rate of
one and one-half (1-1/2%) percent per month or such lower rate as may be
the maximum allowable by law. If Buyer fails to make payment when
due, Seller may pursue any legal or equitable remedies, in which event
Seller shall be entitled to reimbursement for costs of collection and
reasonable attorneys fees.
4.
DELIVERY AND TITLE:
All shipments by Seller are F.O.B. point of origin and all
transportation charges shall be paid by Buyer in addition to the price
of the Products. Subject to Seller's right of stoppage in transit,
delivery of the Products to the carrier shall constitute delivery to
Buyer and title and risk of loss shall thereupon pass to Buyer.
Selection of the carrier and delivery route shall be made by Seller
unless specified by Buyer. Seller shall use reasonable efforts to
initiate shipment and schedule delivery as close as possible to Buyer's
requested delivery dates. Buyer acknowledges that delivery dates
provided by Seller are estimates only and that Seller is not liable for
failure to deliver on such dates. Seller reserves the right to make
deliveries in installments. Delivery of a quantity which varies from the
quantity specified shall not relieve Buyer of the obligation to accept
delivery and pay for the Products delivered. Delay in delivery of one
installment shall not entitle Buyer to cancel other installments.
5.
ACCEPTANCE OF PRODUCTS AND PRODUCT RETURNS:
Inspection and acceptance of the Products shall be Buyer's
responsibility. Buyer is deemed to have accepted the Products unless
written notice of rejection is received by Seller within ten (10) days
from the invoice date. Buyer waives any right to revoke acceptance
thereafter. Buyer shall report any discrepancy in shipment quantity or
damage within ten (10) days from the invoice date. No return of
Products shall be accepted by Seller without a Return Material
Authorization ("RMA") Number, which may be issued by Seller in its sole
discretion. Returned Products must be in original manufacturer's
shipping cartons complete with all packing materials. All Products for
return shall be returned freight prepaid in the manner specified in the
RMA. If returned Products is a (IC) Intergraded Circuit are claimed to be defective, a detailed
analysis from a Certified Testing Facility identifying the nature
of the defect product must be included with return. Products not
eligible for return shall be returned to Buyer, freight collect.
5a.
RESTOCKING FEE:
Returns are subject to a 15% restocking fee
to be charged or deducted from refund. This fee applies on all return
unless the item is defective, D.O.A. (Dead on Arrival), damaged, or you
receive the wrong item.
5b. MISSING
ITEM OR DAMAGED PRODUCT FEE:
A missing item or damaged product fee will
be charged or deducted from refund for any product missing the original
box, packaging material, contents, accessories and/or manuals (i.e., any
product not in "like new" condition) or if Seller believes damages are
due to buyers misuse and/or improper installation.
5c.
SPECIAL ORDER:
NO RETURNS ACCEPTED or REFUNDS ISSUED on
special / custom orders, an exchanged will be issued on defective, DOA,
damaged items...
5d. REFUND AND EXCHANGE:
Refunds will be issued either by Company Check or Credit to the
original purchasing credit card usually posted within 4/7days.
Exchanges are shipped within 48/72hours from receipt of original shipped
item(s) and based on product availability...
6.
SELLER'S LIMITED WARRANTY:
Seller warrants to Buyer that upon delivery to Buyer the Products
purchased hereunder shall conform to the applicable manufacturer's
specifications for such Products and that any value-added work performed
by Seller on such Products shall conform to applicable Buyer's
specifications relating to such work. Seller makes no other warranty,
express or implied, with respect to the Products. IN PARTICULAR,
SELLER MAKES NO WARRANTY RESPECTING THE MERCHANTABILITY OF THE PRODUCTS
OR THEIR SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OR USE OR
RESPECTING INFRINGEMENT. With respect to Products which do not meet
applicable manufacturer's specifications and with respect to value-added
work by Seller which does not meet applicable Buyer's specifications,
Seller's liability is limited, at Seller's election, to (1) refund of
Buyer's purchase price for such Products (without interest), (2) repair
of such Products, or (3) replacement of such Products; provided,
however, that such Products must be returned to Seller, along with
acceptable evidence of purchase, within thirty (30) days from date of
delivery, transportation charges prepaid. Seller shall transfer to Buyer
whatever transferable warranties and indemnities Seller receives from
the manufacturer of the Products, including any transferable warranties
and indemnities respecting patent infringement.
7. LIMITATION OF LIABILITIES:
BUYER SHALL NOT IN ANY
EVENT BE ENTITLED TO, AND SELLER SHALL NOT BE LIABLE FOR INDIRECT,
SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY NATURE INCLUDING,
WITHOUT LIMITATION, BUSINESS INTERRUPTION COSTS, REMOVAL AND/OR
REINSTALLATION COSTS, REPROCUREMENT COSTS, LOSS OF PROFIT OR REVENUE,
LOSS OF DATA, PROMOTIONAL OR MANUFACTURING EXPENSES, OVERHEAD, INJURY TO
REPUTATION OR LOSS OF CUSTOMERS, EVEN IF SELLER HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES. BUYER'S RECOVERY FROM SELLER FOR ANY CLAIM
SHALL NOT EXCEED BUYER'S PURCHASE PRICE FOR THE PRODUCT GIVING RISE TO
SUCH CLAIM IRRESPECTIVE OF THE NATURE OF THE CLAIM, WHETHER IN CONTRACT,
TORT, WARRANTY, OR OTHERWISE. SELLER SHALL NOT BE LIABLE FOR AND BUYER
SHALL INDEMNIFY, DEFEND AND HOLD SELLER HARMLESS FROM ANY CLAIMS BASED
ON SELLER'S COMPLIANCE WITH BUYER'S DESIGNS, SPECIFICATIONS OR
INSTRUCTIONS, OR MODIFICATION OF ANY PRODUCTS BY PARTIES OTHER THAN
SELLER, OR USE IN COMBINATION WITH OTHER PRODUCTS.
8.
FORCE MAJEURE:
Seller shall not be liable for failure to fulfill its obligations herein
or for delays in delivery due to causes beyond its reasonable control,
including, but not limited to, acts of God, natural disasters, acts or
omissions of other parties, acts or omissions of civil or military
authority, Government priorities, changes in law, material shortages,
fire, strikes, floods, epidemics, quarantine restrictions, riots, war,
acts of terrorism, delays in transportation or inability to obtain labor
or materials through its regular sources. Seller's time for performance
of any such obligation shall be extended for the time period of such
delay or Seller may, at its option, cancel any order or remaining part
thereof without liability by giving notice of such cancellation to
Buyer.
9.
GOVERING LAW:
All sales shall be governed by the laws of the State of New Jersey. |