Terms and Conditions of Sale
1. Acceptance - Buyer's placement of this
order shall create a contract subject to and expressly limited by these
terms and conditions. Acceptance may only be made on the exact terms and
conditions hereof and if additional or different terms are proposed by
Buyer, such response shall constitute a counteroffer. THE TERMS OF THIS
CONTRACT SHALL SUPERSEDE ANY CONFLICTING TERMS CONTAINED ON BUYERS
PURCHASE ORDER OR ANY DOCUMENT OR INSTRUMENT SUBMITTED BY BUYER.
2. Prices, Taxes and Payment - All prices
are firm unless otherwise agreed to in writing. StanCo Scientific Inc.reserves
the right to change the prices and specifications of its Products at any
time without notice. Any tax, duty, custom or other fee of any nature
imposed upon this transaction by any federal, state or local
governmental authority shall be paid by Buyer in addition to the price
quoted or invoiced. In the event StanCo Scientific Inc. is required to
prepay any such tax, Buyer will reimburse StanCo Scientific Inc.
Payment terms shall be net 30 days after shipment by StanCo Scientific
Inc. An interest charge equal to 1 1/2% per month (18% per year) will
be added to invoices outstanding beyond 30 days after shipment. In
addition StanCo Scientific Inc. reserves the right to require C.O.D.
payment terms from any Buyer whose account is overdue for a period of
more than 60 days or who has an unsatisfactory credit or payment record.
StanCo Scientific Inc. may also refuse to sell to any person until
overdue accounts are paid in full.
3. Delivery and shipment - StanCo Scientific
Inc. will make every effort to ship the products or provide the services
hereunder in accordance with the requested delivery date, provided, that
StanCo Scientific Inc. accepts no liability for any losses or for
general, special or consequential damages arising out of delays in
delivery. Shipment of all products shall be F.O.B. point of distribution
by StanCo Scientific Inc.; identification of the products shall occur
when they leave StanCo Scientific Inc.'s point of distribution, at which
time title and risk of loss shall pass to Buyer. All shipment costs
shall be paid by Buyer and if prepaid by StanCo Scientific Inc. the
amount thereof shall be reimbursed to StanCo Scientific Inc.
4. Inspection - Buyer shall be responsible
for inspecting all products shipped hereunder prior to acceptance,
provided, that if, Buyer shall not have given StanCo Scientific Inc.
written notice of rejection within 30 days following shipment to Buyer,
the products shall be deemed to have been accepted by Buyer.
5. Disclaimer of Express and Implied
Warranties - The products shall be covered by the applicable StanCo
Scientific Inc. standard warranty. NO OTHER EXPRESS OR IMPLIED WARRANTY
IS MADE WITH RESPECT TO THE PRODUCTS. StanCo Scientific Inc. EXPRESSLY
EXCLUDES THE IMPLIED WARRANTIES OF MERCHANTABILITY AND OF FITNESS FOR A
PARTICULAR PURPOSE. Any model or sample furnished to the Buyer is merely
illustrative of the general type and quality of goods and does not
represent that the products will conform to the model or sample. Buyer's
remedies under StanCo Scientific Inc.'s warranty shall be limited to
repair or replacement of the product or component which failed to
conform to StanCo Scientific Inc.'s warranty. StanCo Scientific Inc.,
shall not be liable for any consequential damages or economic loss or
property damage incurred by Buyer.
6. Returned Goods - No products shipped
under this contract may be returned without the express prior
authorization of StanCo Scientific Inc. All returns of products are
subject to a restocking charge. No returns will be authorized after 120
days following shipment to Buyer.
7. Technical Advice - StanCo Scientific Inc.
may, at Buyer's request, furnish technical assistance, advice and
information with respect to the products if and to the extent that such
advice, assistance and information is conveniently available. It is
expressly agreed that there is no obligation to provide such information
which is provided without charge at the Buyer's risk and which is
provided subject to the disclaimers set forth in paragraph 5 above.
8. Agents, etc. - No agent, employee or
other representative has the right to modify or expand StanCo Scientific
Inc.'s standard warranty applicable to the products or to make any
representations as to the products other than those set forth in StanCo
Scientific Inc.'s product literature and any such affirmation,
representation or warranty, if made, should not be relied upon by Buyer
and shall not form a part of this contract.
9. Fair Labor Standards - StanCo Scientific
Inc. represents that the products or services provided hereunder were
produced and/or performed in compliance with the requirements of all
sections of the Fair Labor Standard Act of 1938, as amended.
10. Equal Employment Opportunity - StanCo
Scientific Inc. is an Equal Opportunity Employer. It does not
discriminate in any phase of the employment process against any person
because of race, color, creed religion, national origin, sex, age,
veteran or handicapped status.
11. Modifications, Waiver, Termination -
This contract may be modified and any breach hereunder may be waived
only by a writing signed by the party against whom enforcement thereof
is sought.
12. Governing Law - This contract shall be
governed by and construed in accordance with the laws (other than those
relating to conflict of laws questions) of the State of Illinois.
13. Arbitration - Any and all disputes or
controversies arising under, out of or in connection with this contract
or the sale or performance of the products shall be resolved by final
and binding arbitration in Chicago, Illinois under the rules of the
American Arbitration Association then obtaining. The arbitrators shall
have no power to add to, subtract from or modify any of the terms or
conditions of this contract. Any award rendered in such arbitration may
be enforced by either party in either the courts of the State of
Illinois or in the United States District Court for the Northern
District of Illinois, to whose jurisdiction for such purposes StanCo
Scientific Inc. and Buyer each hereby irrevocably consents and submits.
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