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GENERAL TERMS OF SALE
GENERAL:
On the
terms and subject to the conditions set forth herein, Seller agrees to
sell to Buyer and Buyer agrees to buy from Seller, the products or
services specified on the reverse side of this agreement. IF THIS
AGREEMENT DIFFERS IN ANY WAY FROM BUYER'S ORDER OR IF THIS AGREEMENT IS
CONSTRUED AS AN ACCEPTANCE OR CONFIRMATION ACTING AS AN ACCEPTANCE,
THEN SELLER'S ACCEPTANCE IS EXPRESSLY MADE CONDITIONAL ON BUYER'S ASSENT
TO ANY ITEMS OR CONDITIONS CONTAINED HEREIN THAT ARE DIFFERENT FROM OR
ADDITIONAL TO THOSE CONTAINED IN BUYER'S WRITING. FURTHER, THIS
AGREEMENT SHALL BE DEEMED NOTICE OF OBJECTION TO SUCH TERMS AND
CONDITIONS OF BUYER. IF THIS AGREEMENT IS CONSTRUED AS THE OFFER,
ACCEPTANCE OF SAME IS EXPRESSLY LIMITED TO THE TERMS AND CONDITIONS
CONTAINED HEREIN. IN ANY EVENT, BUYER'S ACCEPTANCE OF THE ORDERED
PRODUCTS OR SERVICES SHALL CONSTITUTE AND MANIFEST BUYER'S ASSENT TO
SELLER'S TERMS AND CONDITIONS. This agreement, together with any
additional writings signed by Seller relative to the products or
services covered by this agreement, shall represent the complete,
agreement between Buyer and Seller rand may not be modified,
supplemented, or waived, except in a writing signed by an authorized
representative of Seller.
PRICES:
Prices
quoted are F.O.B. point of manufacture inclusive of standard packaging
for domestic shipment, valid for thirty (30) days and subject to change
or withdrawal at anytime prior to acceptance of Buyer's order by Seller
unless otherwise agreed in writing.
SHIPMENT:
Shipment dates offered are estimates and represent the date materials
may be available F.O B. Sheller's facility rather than delivery to
destination date. Shipment dates offered commence only after receipt of
Buyer's Purchase Order, clarification of required technical information,
resolution of engineering and/or commercial issues or receipt of
customer's written acceptance of drawings when required. Any Product
offered from stock is subject to prior sale.
CANCELLATION:
No
order may be canceled by the Buyer except upon written notice to Seller
and upon payment to Seller of all costs incurred by It arising out of,
or in connection with, the order. Seller shall have the right to cancel
and order or to refuse to ship or to delay shipment in the event Buyer
fails to submit payments when due or perform any other obligations of
Buyer. Export of goods covered hereby is subject to U.S. Government
control. In the event a validated Export License is denied by the U.S.
government, Buyer's order(s) will be immediately canceled and Buyer will
be liable for the order value or actual costs incurred, whichever the
greater.
RETURN OF GOODS:
No
product shall be returned to Seller without written authorization and
shipping instructions having been obtained from Seller. Products
authorized for return are to be shipped freight prepaid to the P.O. B.
manufacture point and are subject too a restocking charge.
WARRANTY:
Seller
warrants that its manufactured product will, at the P.O. B. point, be
free from defects in materials and workmanship. Seller does not warrant
that its product is suitable for Buyer's intended purpose. Any product
supplied by seller which Seller does not manufacture shall be subject
only to the warranty of the original manufacture to the extent Seller
can enforce such warranty. Any defective or nonconforming product must
be held for seller's inspection and returned at Seller's request,
freight prepaid, to the original P.O. B. Point. Any repairs to, or
alteration of, or work done on alleged defective product without
Seller's written authorization shall void Seller's warranty. Upon
Buyer's submission of a claim as provided above and substantiation
thereof, Seller shall at its option (i) either repair or replace its
nonconforming product or (ii) refund an equitable portion of the
purchase price attributable to such non-conforming product. Seller shall
not be liable for the cost of removal or installation of materials or
any unauthorized warranty work, nor shall Seller be responsible for any
transportation cost, unless expressly authorized in writing by Seller.
Any products or materials replaced by Seller will become the property
of Seller, unless otherwise agreed in writing by Seller. Repair or
replacement of products or refund of an equitable portion of the
purchase price shall be Seller's only obligation and the sole and
exclusive remedy of Buyer in the event of a failure to con-form to the
foregoing warrant. THE FOREGOING WARRANTY IS EXCLUSIVE AND IN LIEU OF
ALL OTHER WARRANTIES (EXCEPT THAT OF TITLE) EXPRESS OR IMPLIED,
INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY
AND PINESS FOR A PARTICULAR PURPOSE.
LIMITATION OF LIABILITY:
The
LIABLITY OF SELELR UNDER THIS AGREEMENT OR WITH RESPECT TO ANY PRODUCTS
SUPPLIED OR SERVICE PERFORMED PURSUANT TO THIS AGREEENT, WHETHER IN
CONTRACT, IN TORT, IN STRICT LIABLITY OR OTHERWISE, SHALL NOT ECEED THE
PURCHASE PRICE PAID BY BUYER WITH RESPECT THERETO. IN NO EVENT WILL
SELER BE LIABLE IN CONTRACT, IN TORT, IN STRICT LIABLITY OR OTHERWISE
FOR ANY SPECIAL INDIRECT. INCIDENTAL OR CONSEQUENTAL DAMAGES, INCLUDING,
BUT NOT LIMITED TO, LOSS OF ANTICIPATED PROITS OR REVENUES, LOSS OF USE,
NON-OPERATION OR INCREASED EXPENSE OF OPERATION OF EQUIPMENT. COST OF
CAPITAL, OR CLAIMS OF CUSTOMERS OF BUYER FOR FAILURE OR DELAY IN
ACHIEVING ANTICIPATED PROFITS OR PRODUCTS.
TAXES
AND DUTIES:
Any
sales, use or other similar taxes imposed on the sale or other
transaction covered by the agreement as well as import or export duties,
and customs or similar fees are not included in the price. Such taxes,
duties, and fees shall be billed separately to Buyer. Buyer warrants
that any products sold or resold or shipped or transshipped to any
country or person will not cause Seller to be in violation of any law,
guideline or regulation of the United States or any foreign government.
PRICE
AND PAYMENT:
All
sales are subject to approval of Seller's credit department. If Buyer
falls to make a payment when due, Seller may (i) withhold all subsequent
deliveries until full payments is made and (ii) required such security
as Seller deems appropriate to secure future payments. Full risk of the
loss shall pass to the Buyer upon deliver to F.O.D. point; however,
Seller retains title, for security purposes only, to all products until
paid for in full in cash. Unless other terms are specified on the
reverse side hereof, payments are due in U.S. dollars, thirty (30) days
after invoice date. Amounts not paid by Buyer on or before the due date
shall bear interest at the lesser rate of eighteen percent (18.0%) per
annum or the maximum rate allowed by law form the due date until paid.
If delivery is delayed by or at the request of Buyer, (i) the date of
readiness for delivery shall be deemed date of delivery for invoice
purposes and (ii) Seller may impose a storage charge.
PATENTS:
Seller
agrees to assume the defense of any suite for infringement of any United
States patents brought against Buyer to the extent such charges
infringement of an apparatus or product claim by Seller's product in and
of itself, provided (I) said product is built entirely to Seller's
design, (ii) Buyer notifies Seller in writing of the filing of such suit
within ten (10) days after the service of process thereof, and (iii)
Seller is given complete control of the defense of such suit, including
the right to defend, settle and make changes in the product for the
purposes of avoiding infringement. If in any suit covered by this
provision the use of products is enjoined, Seller shall at its sole cost
and expense either (i) procure for Buyer the right to continue using
products, (ii) replace products with non-infringing products, (iii)
modify the products to be non-infringing, or (iv) remove products and
refund to Buyer the purchase price, transportation and installation
costs thereof. Seller shall have no liability with respect to patent
rights of countries other than the United States. The foregoing shall
be Seller's sole and entire liability and Buyer's sole remedy for patent
infringement by products. Buyer agrees to indemnify and hold harmless
Seller from and against any alleged patent infringement resulting from
Seller's compliance with designs and/or specifications furnished by
Buyer or with specific written instructions given by Buyer for the
purpose of directing the manner in which Seller shall perform this
Agreement.
CONTRACT PERFORMANCE, INSPECTION AND ACCEPTANCE:
All
products or services shall be finally inspected and accepted by Buyer
within fourteen (1 4) days after delivery or performance as applicable.
Buyer shall make all claims (including claims for shortages), excepting
only those provided for under the WARRANTY and PATENTS sections herein,
in writing within said fourteen (14) day period or they are waived.
There shall be no revocation of acceptance. Rejection may be only for
defects substantially impairing the value of products or services and
Buyer's remedy for lesser defects shall be in accordance with the
WARRANTY section herein. If Buyer wrongfully rejects or revokes
acceptance of items tendered under this agreement, or fails to make a
payment due on or before delivery, or repudiates this agreement, Seller
shall, at its option, have aright to recover as damages either the price
as stated herein (upon recovery of the price the items involved shall
become the property of Buyer) or the profit (including reasonable
overhead) which the Seller would have made from full performance,
together with reasonable costs and expenses incurred. Seller shall not
be responsible for nonperformance of delay in performance occasioned by
any causes beyond Seller's reasonable control, including, but not
limited to, labor difficulties, delays of vendors or carriers, fires or
governmental actions, material shortages or other similar or force
majeure occurrences. Unless otherwise agreed by Seller in writing,
orders are noncancelable. If Seller agrees to cancellation of an order
ft may impose a restocking charge.
SPECIAL
TOOLING AND DESIGN CHANGES:
Notwithstanding any tool, die or pattern charges or amortization in
connection therewith, all special tooling and related items shall be and
remain the property of Seller. Special products and parts made to
special specifications many not be canceled or returned without Seller's
written consent and upon terms established at Seller's discretion.
Seller reserve the right to change or modify the design of any product
without obligation to furnish or install such changes or modifications
on products previously or subsequently sold. Seller reserves the right
to discontinue the manufacture, change or modify the design
specification and construction of any of its product at anytime without
incurring any liability to Buyer.
MISCELLANEOUS:
THIS
AGREEMENT AND ALL QUESTIONS ARISING HEREUNDER OR IN CONNECTION WITH A
QUOTATION OR ANY ORDER SUBMITTED IN CONNECTION HEREWITH SHALL BE
GOVERNED BY,AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
OKLAHOMA, WITHOUT REGARD TO THE CONFLICT OF LAWS RULES OF OKLAHOMA.
Seller shall be entitled to recover its reasonable costs, including
attorney's fees, incurred in enforcing and/or defending its rights under
this agreement. A holding that any term or condition hereof is void or
unenforceable shall not render void or unenforceable any other terms or
conditions of this agreement. If any sale hereunder is other than F.O.
B. Seller's plant, this agreement is based upon the freight and
administrative charges in effect at the time Seller delivers this
agreement to Buyer. In the event of any increase or decrease in
applicable freight charges before the products are shipped, such change
in freight will be for the Buyer's account. Volume discount after
shipping is for Seller's account. If seller experiences any material
price increases from its vendors prior to shipment, Seller may pass the
actual price increase through to Buyer. Any proceeding or action by
Buyer arising hereunder or relating hereto, whether based on breach of
contract, tort (including negligence and strict liability) or other
theories, must be commenced within two (2) years after the cause of
action accrues or it shall be barred. Buyer herby warrants and
represents that Buyer has knowledge and experience in financial and
business matters that enable Buyer to evaluate the merits and risk of a
transaction and that Buyer is not in a significantly disparate
bargaining position and, to the maximum extent legally permissible,
Buyer hereby waives the provisions of the Oklahoma Deceptive Trade
Practices-Consumer Protection Act and any like or successor statue.
BINDING
ARBITRATION:
Buyer
and Seller shall attempt, in good faith, to resolve any dispute arising
out of or relating to this agreement, or the products and/or services
provided hereunder, promptly by negotiation between executives. If the
matter has not been resolved within sixty (60) days of a party's request
for negotiation, either party may initiate arbitration as hereinafter
provided. Any dispute arising out of or related to this agreement or the
products and/or services provided hereunder which has not been resolved
by the negotiation procedure described above, shall be settled by
binding arbitration administered by the American Arbitration Association
in accordance with its Commercial Arbitration Rules and judgment on the
award rendered by the arbitrator(s) may be entered in any court having
jurisdiction thereof. Unless Buyer and Seller otherwise agree in
writing, the arbitration panel shall consist of three arbitrators. The
arbitrators(s) shall have no authority to award punitive or other
damages not measured by the prevailing party's actual damages and may
not, in any event, make any ruling, finding or award that does not
conform to the terms and conditions of this agreement. The arbitration
proceeding shall be conducted in English, in Tulsa, Oklahoma.
POLUTION:
BUYER
SHALL DEFEND, INDEMNIFY AND SAVE HARMLESS SELLER FROM ANDAGAINS ANY AND
ALL LOSS, DAMAGE. INJURY, LIABILITY AND COST BROUGHT BY OR ON BEHALF OF
ANY PERSON FOR POLLUTION OR CONTAMINATION OR THE CONTROL AND REMOVAL
THEREOF, OR ANY ENVIRONMENTAL HAZARD OR CONDITION (INCLUD8ING ANY DAMAGE
TO GROUNDWATER, AQUIFERS, SURFACE WATER. SURFACE SOIL, AND SUBSURFACE
SOIL,) WHETHER THE SAME IS CAUSED RO CONTRIBUTED TO BY THE NEGLIGENCE
OF, BREACH OF WARRANTY BY STRICT CAUSED OR CONTRIBUTED TO BY THE
NEGLIGENCE OF, BREACH OF WARRANTY BY, STRICT LIABLITY OF, OR AN
OBLIGATION OR INDEMNITY OF SELLER, ITS AGENTS OR EMPLOYEES. THE
PROVISIONS OF THIS SECTION SHALL SURVIVE TERMINATION, CANCELLATION OR
EXPIRATION OF THIS AGREEMENT ORANY ORDER ISSUED PURSUANT HERETO.
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