These Terms and conditions govern that purchase and sale transactions between the seller identified on the face hereof (the “Seller”) and Richards Industrials the basic terms of which appear on the face of this Purchase Order, of which these Terms and Conditions are an integral part. Any irreconcilable conflicts between these Terms and Conditions and the face of the Purchase Order shall be resolved in favor of the face of the Purchase Order.
RICHARDS INDUSTRIALS, INC. is referred to in these terms and conditions as “seller” and the customer or person or entity purchasing goods, services, parts, and materials from Seller is referred to as “buyer”. “Goods” and/or “Services” mean the products, parts and materials manufactured by Seller or the services rendered, both as set out in Seller’s technical documentation and quotation.
- BASIS OF CONTRACT
These terms and conditions shall apply to any contract concluded (the “Contract”) for the sale or supply of Goods and/or Services from Seller to Buyer whether the Contract for such sale is concluded by acceptance by Seller of Buyer’s purchase order or by acceptance by Buyer of Seller’s quotation, unless the parties expressly agree in writing in the Contract that these terms and conditions shall not apply to a specific Contract. In the event of a conflict between the pre-printed terms provided in any purchase order or other document and these terms and conditions, these terms and conditions shall prevail. All inconsistent or additional terms and conditions in any Buyer acknowledgement, invoice or other forms or which Buyer may seek to impose or incorporate by trade practice are expressly objected to and rejected by Seller and shall not bind Seller unless expressly agreed to in writing including as stated on Seller’s quotation or sales order acknowledgement.
- PRICE AND PAYMENT
2.1 Unless otherwise specified in writing by Seller, the price quoted or specified by Seller for the Goods and/or Services shall remain in effect for thirty (30) days after the date of Seller’s quotation, or acknowledgement of Buyer’s order for the Goods and/or Services, whichever occurs first, provided an unconditional authorization from Buyer for the supply of the Goods and/or Services is received and accepted by Seller within such time period. If such authorization is not received and accepted by Seller within such thirty (30) day period, Seller shall have the right to change the price for the Goods and/or Services.2.2 Once accepted, the price will become firm, however, Seller shall be entitled to increase such price to take account of cost escalation in the event that delivery of the Goods or provision of the Services is delayed beyond standard delivery schedules for reasons outside of the control of Seller and/or to take account of foreign currency fluctuations where the same differ from currency exchange assumptions in Seller’s proposal.2.3 Unless otherwise specified in Seller’s quotation, payment terms are net thirty (30) days after the date of invoice. Any amounts not paid when due shall bear interest at the rate of 1.5% per month or at the highest rate permitted by law (whichever is less) from the due date until paid.2.4 Minimum order requirement. Orders for Goods will be subject to a net minimum invoice charge of $100. 2.5 If Buyer defaults in any payment when due, Seller, without incurring any liability to Buyer or any other party, may, at its option and in addition to other remedies available, declare all work complete with payment immediately due and payable together with interest as provided in the preceding paragraph on all outstanding amounts due therein; stop all further work and deliveries until all past due payments and interest have been made and/or require that any further deliveries be paid for prior to shipment. If requested by Seller, Buyer shall obtain a bond or other security to provide guarantees of payment to Seller. 2.6 As and if requested by Seller, Buyer shall at its expense establish and keep in force payment security in the form of an irrevocable, unconditional, sight letter of credit or bank guarantee allowing for pro-rata payments as Goods are shipped and Services are performed, plus payment of cancellation and termination charges, and all other amounts due from Buyer under the Contract (“Payment Security”). The Payment Security shall be (a) in a form, and issued or confirmed by a bank acceptable to Seller, (b) payables at the counters of such acceptable bank or negotiating bank, (c) opened at least sixty (60) days prior to both the earliest scheduled shipment of Goods and commencement of Services, and (d) remain in effect until the latest of ninety (90) days after the last scheduled Goods shipment, completion of all Services and Seller’s receipt of the final payment required under the Contract. Buyer shall, at its expense, increase the amount(s), extend the validity period(s) and make other appropriate modifications to any Payment Security within ten (1) days of Seller’s notification that such adjustment is necessary in connection with Buyer’s obligations under the Contract. 2.7 Seller is not required to commence or continue its performance unless and until any required Payment Security is received, operative and in effect and all applicable milestone payments have been received. For each day of delay in receiving all applicable milestone payments or acceptable Payment Security, Seller shall be entitled to a matching extension of the schedule. If at any time Seller reasonable determines that Buyer’s financial condition or payment history does not justify continuation of Seller’s performance, Seller shall be entitled to required full or partial payment in advance or otherwise restructure payments, request additional forms of Payment Security, suspend its performance, or terminate the Contract. 2.8 Seller’s right to invoice and ship. If the Seller notifies Buyers that the Goods are completed and ready for delivery, or inspection, or other release, and Buyer does not respond within three (3) business days, Seller may ship the Goods on or after the delivery date specified in the applicable order and invoice Buyer. In such case, payment will be due according to the payment period specified in Clause 2.3, and any portions of payment to be triggered by an event following shipment of the Goods will be included in the invoice, rather than delayed to a later date. Seller will also have the option of billing for partial shipments.
- TAXES AND OTHER CHARGES
Unless otherwise specified in writing by Seller: (a) transportation and insurance charges shall be based upon point of manufacture and shall be paid by Buyer, (b) installation charges shall be borne by Buyer, and Seller has no obligation to install the Goods for Buyer and (c) any taxes, duties or other charges imposed or incurred in relation to the performance of the obligations contemplated in the Contract shall be borne by the party that incurred such obligation or as the law specifically provides as being responsible for such tax, duty or other charge.
- DELIVERY, RISK AND TITLE
4.1 Unless otherwise specified in Seller’s quotation, delivery of the Goods shall be ex works (EXW, Incoterms 2020) Seller’s manufacturing facility. Delivery shall be deemed to be completed when Seller informs Buyer in writing that the Goods are ready for shipment and can be picked up at the delivery location (“Delivery”), upon which time the risk to the Goods shall pass to Buyer. If Buyer delays shipment or notification of completion of the Goods, if Buyer fails to collect the Goods after Seller’s notification or if Seller has agreed to deliver the equipment other than ex works and shipment is postponed by or due to Buyer’s delay or request, Seller may tender delivery and store the equipment at Buyer’s expense (and at a rate of 15 of contract value per month) and risk. Such tender shall constitute delivery and the full purchase price for the Goods tendered shall be immediately due and payable by Buyer. 4.2 Any claims regarding shortages in delivery must be made within thirty (30) days from Delivery and must be accompanied by the packing list(s) covering the shipment. 4.3 Title shall only pass upon receipt of full payment of the purchase price for the Goods by Seller. 4.4 Performance of the Contract is contingent upon Buyer supplying to Seller, when needed, all required technical information, including drawing approval and all required commercial documents, delivery instructions and other instructions required for the supply of the Goods. Unless otherwise agreed, Seller shall have the right to make partial deliveries. 4.5 Returns. For Seller to consider Buyer’s request to return Goods, such Goods must be: i) of Seller’s manufacture, ii) in clean, new, sale-able condition, iii) shipped from Seller’s factory or a Seller’s service center within twelve (12) calendar months preceding the requires to return, and the request will not cause inventory to exceed maximum levels established by Seller, and (iv) personally inspected by Seller’s sole discretion, Seller will credit BUyer’s account the invoiced price, less 20% handling cost, and less any freight paid by Seller.
5.1 Subject to the limitation of liability and the conditions set out below and unless otherwise specified in Seller’s quotation, Seller warrants title to the Goods, that the Goods upon delivery, shall confirm with the specifications listed in the Contract (or to Seller’s currently published specifications if there are no specifications in the Contract) and shall be free from defects in material and workmanship The warranty period shall expire on the earlier of twelve (12) months from the date of commissioning or eighteen (18) months from the date of Delivery to Buyer.5.2 Subject to the limitation of liability and the conditions set out below and unless otherwise specified in Seller’s quotation, Seller warrants that in performing the Services, it will exercise all reasonable skill, care and due diligence and shall perform the Services in Accordance with professional practice. Seller warrants that all Services performed shall be free from faulty workmanship for a period of ninety (90) days from completion of the Services.5.3 The above warranties are given by Seller subject to the following conditions: (a) Seller shall be under no liability in respect of any defects arising from any drawing, design, or specification supplied by Buyer of it if the Goods differ from the specification as a result of changes made to ensure that they comply with applicable statutory or regulatory standards;(b) Seller shall be under no liability in respect of any defects arising from fair wear and tear, willful damage, negligence, abnormal working conditions, failure to follow Seller’s instructions, storage, installation, start up, maintenance and repair guidelines, modification, disassembly, alteration or repair of the Goods without Seller’s written approval or where the Goods have been subject to corrosion or have been missed, mishandled or improperly installed; (c) Seller shall be under no liability under the above warranties (or any other warranty), condition or guarantee) if the total price of the Goods has not been paid by the due date for payment (d) the above warranties do not extend to the supply of soft goods required to inspect or maintain any part of the Goods supplied: (e) the above warranties do not extend to parts, materials or equipment not manufactured by Seller in respect of which Buyer shall only be entitled to the benefit of any such warranty or guarantee as is given by the manufacturer to Seller; (f) Seller shall be under no liability if Buyer makes any further use of the Goods after giving notice in accordance with clause 5.5. 5.4 Any claim by Buyer which is based on any defect in the quality of the Services shall be notified to Seller as soon as possible within the warranty period. Failure by Buyer to give such written notice within the applicable time period specified above shall be deemed an absolute and unconditional waiver of Buyer’s claim for such defects. Seller’s liability is limited solely to correct performance of that portion of the Services found by Seller to be defective or at Seller’s option, refunding to Buyer purchase price allocable to the nonconforming part of the Services. 5.5 Any claim by Buyer which is based on any defect in the quality or condition of the Goods or their failure to respond to specification shall be notified to Seller within 30 days from the date of Delivery or (where the defect or failure was not apparent on a reasonable inspection) within a reasonable time after discovery of the defect or failure during the warranty period. Filure by Buyer to give such written notice within the applicable time period specified above shall be deemed an absolute nd unconditional giver of Buyer’s claim for such defects. Buyer shall only have the right to reject Goods that do not conform to SEller’s warrantees. 5.6 Seller must receive written notice of any defect within the warranty period and be given a reasonable opportunity to examine the Goods and all information available so that Seller can detect the root cause of any defect. Seller’s liability is limited solely to repair or replacement of any Good at Seller’s point of manufacture or, at Seller’s option, refunding to Buyer the purchase price allocable to the nonconforming portion of the Contract. However, for Goods not installed by Seller, Buyer shall be responsible for removal, return, and reinstallation costs. 5.7 Before returning any Goods to Seller, Buyer must contact Seller for a return authorization confirmation and provide a failure report detailing the claimed warranty defect or failure. Upon return confirmation, Buyer will return the Goods to Sell, freight prepaid. After Seller verifies that he Goods were nonconforming or defective under this class 5, Seller will credit Buyer for the cost of returning the Goods. Unless approved in advance by Seller, Seller shall not be liable for any transportation charges for the return of the Goods, nor any other costs or charges incurred by Buyer. Goods repaired and parts replaced during the warranty period shall be in warranty for the remainder of the original warranty period. 5.8 Subject to this clause 5, SELLER MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, AS TO MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE, NON-INFRINGEMENT OR ANY OTHER MATTER WITH RESPECT TO THE GOODS AND/OR SERVICES, whether the Goods are used alone or in combination with any other material. BUYER IS NOT AUTHORIZED TO MAKE ANY WARRANTY OR ASSUME ANY OBLIGATION OR LIABILITY ON SELLER’S BEHALF IN CONNECTION WITH THE SALE, INSTALLATION OR USE OF THE GOODS. Seller’s warranties shall not be enlarged by, nor shall any obligation or liability of Seller arise due to, Seller providing technical advice concerning processing, further manufacture, other use or resale of the Goods provided hereunder.
- LIMITATION OF LIABILITY
6.1 This clause sets out the entire financial liability of Seller (including any liability for the acts of omissions of their respective employees, agents and subcontractors) to Buyer in respect of (i) any breach of the Contract howsoever arising, (ii) any use made or resale of the Goods by Buyer, or of any product incorporating any of the Goods; and (iii) any representation, statement or tortuous act or omission (including negligence) arising under or in connection with the Contract.6.2 NOTHING IN THIS CONTRACT SHALL LIMIT OR EXCLUDE SELLER’S LIABILITY FOR DEATH OR BODILY INJURY RESULTING FROM NEGLIGENCE, FRAUD OR FRAUDULENT MISREPRESENTATION, OR OTHER LIABILITIES WHICH CANNOT BE EXCLUDED BY LAW.6.3 WITHOUT PREJUDICE TO CLAUSE 6.2, SELLER SHALL NOT UNDER ANY CIRCUMSTANCES WHATSOEVER BE LIABLE TO BUYER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, WARRANTY, INDEMNITY OR OTHERWISE FOR ANY (I) LOSS OF ANTICIPATED PROFITS OR REVENUES, (II) LOSS OF USE OR ANY LOSSES IN RELATION TO BUSINESS INTERRUPTION, (III) LOSS OF PRODUCTION, (IV) NON-OPERATION OF OTHER EQUIPMENT, (V) COST OF CAPITAL (VI) DOWNTIME COSTS (VII) DAMAGE TO ENVIRONMENT, (IX) CLAIMS OF CUSTOMERS OF BUYER FOR DAMAGES OR (X) INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES THAT ARISES UNDER OR IN CONNECTION WITH THE CONTRACT, INCLUDING FAILURE TO MAKE TIMELY DELIVERY OR MEET SHIPPING SCHEDULES, EVEN IF SELLER IS ADVISED IN ADVANCE OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES. 6.4 WITHOUT PREJUDICE TO CLAUSE 6.2, SELLER’S TOTAL LIABILITY WITH RESPECT TO ANY AND ALL CLAIMS, LOSSES AND DAMAGES ARISING OUT OF ANY CAUSE WHATSOEVER (WHETHER SUCH CAUSE BE BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE) STRICT LIABILITY, WARRANTY OR OTHERWISE) RELATED HERETO SHALL IN NO EVENT EXCEED THE CONTRACT PRICE OF THE GOODS OR SERVICES IN RESPECT OF WHICH SUCH CAUSE ARISES. 6.5 All Seller liability shall end upon expiration of the applicable warranty period, provided that Buyer may continue to enforce a claim for which it has given notice prior to that date by commencing an action or arbitration, as applicable under this Contract, before expiration of any statute of limitations or other legal time limitation buy in no event later than one year after expiration of such warranty period. 6.6 If Buyer is supplying Goods or Services to a third party, or using Goods or Services at a facility owned by a third party, Buyer shall either (i) indemnify and defend Seller from and against any and all claims by, and liability to, any such third party in excess of the limitations set forth in this Clause 6, or (ii) require that the third party agree, for the benefit of and enforceable by Seller, to be bound by all the limitations included in this clause 6.
7.1 Each party may at any time propose changes in the schedule or scope of Goods or Services. Seller is not obligated to proceed with any change until both parties agree upon such change in writing. The written change documentation will describe the changes in scope and schedule, and the resulting changes in price and other provisions, as agreed. 7.2 The scope, Contract Price, schedule, and other provisions will be equitably adjusted to reflect additional costs or obligations incurred by Seller resulting from a change, after Seller’s proposal date, in Buyer’s site-specific requirements or procedures, or in industry specifications, codes, standards, applicable laws or regulations. However, no adjustment will be made on account of a general change in Seller’s manufacturing or repair facilities resulting from a change in laws or regulations applicable to such facilities. Unless otherwise agreed by the parties, pricing for additional work arising from such changes shall be at Seller’s time and material rates. 7.3 Seller reserves the right to change or modify the design and construction of any of its products, in due course of its manufacturing procedure, without incurring any obligation to furnish or install such changes or modifications on products previously or subsequently sold. Seller also reserves the right to amend the specifications of the Goods if required by any applicable statutory or regulatory requirements.
- TERMINATION AND SUSPENSION
8.1 Buyer may terminate the contract (or the portion affected) for cause if Seller (i) becomes insolvent, makes an assignment for the benefit of its creditors, has a receiver or trustee appointed for it or any of its assets, or files or has filed against it a proceeding under any bankruptcy, insolvency, dissolution or liquidation laws, or (ii) commits a material breach of the Contract which does not otherwise have a specified contractual remedy, provided that: (a) Buyer shall first provide Seller with detailed written notice of the breach and of Buyer’s intention to terminate the Contract, and (b) Seller shall have failed, within 30 days after receipt of the notice, to commence and diligently pursue cure of the breach.8.2 Seller may suspend or terminate the Contract (or any affected portion thereof) immediately for cause if Buyer (i) becomes insolvent, makes an assignment for the benefit of its creditors, has a receiver or trustee appointed for it or any of its assets, or files or has filed against it a proceeding under any bankruptcy, insolvency dissolution or liquidation laws, or (ii) materially breaches the Contract, including, but not limited to, a breach by the Buyer of clauses 10 or 12, failure or delay in Buyer providing Payment Security, making any payment when due, or fulfilling any payment conditions. 8.3 If the contract (or any portion thereof) is terminated, Buyer shall pay Seller for all Goods completed, lease fees incurred and Services performed before the effective date of termination, plus expenses reasonably incurred by Seller in connection with the termination, unless otherwise specified the amount due for Services shall be as follows: i. After order placement by Buyer but before any procurement by Seller: 10% of the total order value will be invoice-able – payable 30 days after invoice date.ii. After first procurement by Seller but before commencement of manufacture: 50% of the total order value will the invoice-able – payable 30 days after invoice date. iii. After commencement of manufacture but before completion of manufacture: 75% of the total order will be invoice-able – payable 30 days after invoice date. iv. After completion of manufacture (including assembly) 100% of the total order value will be invoice-able – payable 30 days after invoice date. 8.4 Either Buyer or seller may terminate the Contract (or the portion affected) upon twenty (20) days advance notice if there is a Force Majeure Event (as described in clause 9) lasting longer than one hundred and twenty (120) days. In such case, Buyer shall pay to Seller amounts payable under clause 8.3, excluding the cancellation charge for uncompleted Goods unless acts or omissions of Buyer or its contractors or suppliers cause the delay. 8.5 Buyer shall pay all reasonable expenses incurred by Seller in connection with a suspension (including a suspension as a result of a Force Majeure Event as described under clause 9), including, but not limited to, expenses for repossession, fee collection, demobilization/remobilization, and costs of storage during suspension. The schedule for Seller’s obligations shall be extended for a period of time reasonably necessary to overcome the effects of any suspension.
- FORCE MAJEURE
9.1 A force Majeure Event means any circumstance not within a party’s reasonable control including, without limitation: (a) acts of God, flood, drought, earthquake or other natural disaster; (b) epidemic or pandemic; (c) terrorist attack, civil war, civil commotion or riots, war, threat of or preparation for war, armed conflict; (d) imposition of sanctions, embargo, or breaking off of diplomatic relations; (e) any law or any action taken by a government or public authority, including without limitation imposing an export or import restriction, quota or prohibition, or failing to grant a necessary license or consent; (f) any direction, request, requirement or obligation (whether or not having the force of law) of any monetary agency, central or other bank or financing institutions; (g) nuclear, chemical or biological contamination or sonic boom; (h) collapse of buildings, fire, explosion or accident; and (i) interruption or failure of utility service provided it has complex with this clause 9, if a party is prevented, hindered, or delayed in or from performing any of its obligations under the Contract by a Force Majeure Event (“Affected”arty”), the Affected Party shall not be in breach of the Contract or otherwise liable for any such failure or delay in the performance of such obligations. If acts or omissions of the Buyer or its contractors or suppliers cause the delay, seller shall also be entitled to an equitable price adjustment. The corresponding obligations of the other party will be suspended, and its time for performance of such obligations extended, to the same extent as those of the Affected Party. The Affected Party shall (a) as soon as reasonable practicable after the start of the Force Majeure Event on its ability to perform any of its obligations under the Contract and Seller shall also advise of the effect of the Force Majeure Event on the price of the Goods to be supplied and (b use reasonable endeavors to mitigate the effect of the Force Majeure Event on the performance of its obligations.
10.1 Buyer represents and warrants to Seller and Seller represents and warrants to Buyer, that both Parties and all persons or entities provided goods and/or services in connection with this Contract in any manner will comply with all applicable laws, statutes and regulations and any internal policies concerning anti-bribery and corruption, conflict of interest, money laundering, labor standards, and other laws that may be implicated in connection with this transaction. It is the intent of the Parties to prohibit participation in or facilitation of any form of public-sector or private-sector corruption, kickback, extortion, or any other illegal, unethical or improper means of obtaining or retaining a business advantage or inducing anyone to misuse his or her discretion. 10.2 If, during the term of the Contract, either Party knows or becomes aware of any facts or circumstances contrary to the representations and the warranties above, said Party will immediately notify the other Party and provide sufficient information for the affected Party to take appropriate protective or corrective actions, which may include voiding or reminding the Contract. The notifying Party further agrees to cooperate fully in any investigation undertaken by the affected Party. 10.3 If requested, both Parties agree to show evidence of an ethics or code of conduct program or otherwise acknowledge in writing that their respective employees are aware of their obligations under this clause.
- INTELLECTUAL PROPERTY AND CONFIDENTIALITY
11.1 Buyer acknowledges that the intellectual property in the goods and/or Services is Seller’s property and that nothing in the Contract shall be construed as conferring any license or granting any rights in favor of Buyer in relation to such intellectual property.11.2 Seller’s documentation, prints, and drawings (“Documents”) (including without limitation, the underly technology) furnished by Seller to Buyer in connection with the Contract are the property of Seller and Seller retains all rights, including without limitation, exclusive rights of use, licensing, and sale. Notwithstanding the foregoing, Buyer may use the Documents as is necessary in the installation, operation, maintenance, and repair of the goods sold under this Contract buy may not disclose them to any third party without the prior written consent of Seller. 11.3 Seller warrants that the Goods sold pursuant to the Contract, or their use as provided below, except as are made specifically for Buyer according to Buyer’s specifications, do not infringe any valid patent in existence.in the country where the Goods are installed as of the date of delivery. This warranty is given upon condition that Buyer (i) promptly notifies Seller in writing of any claim or suit involving Buyer in which such infringement is alleged, (ii) makes no admission of liability and does not take any position adverse to the Seller, (iii) gives Seller sole authority to control defense and settlement of the claim, and (iv) provides Seller with full disclosure and reasonable assistance as required to defend the claim. Seller’s warranty as to use only applies to infringements arising solely out of the inherent operation (i) of such goods, or (ii) of any combination of goods sold hereunder in a manner designed by Seller. 11.4 Should any goods, or any portion thereof, become the subject of a claim notified under clause 11.3, Seller may at its option (i) procure for Buyer the right to continue using the Goods, or applicable portion thereof, (ii) modify or replace it in whole or in part to make it non-infringing, or (iii) failing (i) or (ii), take back infringing Goods and refund the price received by Seller attributable to the infringing Goods. 11.5 This clause 11 states SEller’s exclusive liability for intellectual property infringement by Goods. 11.6 Buyer agrees, at its expense, to indemnify Seller against any claim for infringement of any intellectual property rights arising out of Goods made or Services provided by Seller in compliance with Buyer’s designs, specifications or instructions. 11.7 Buyer undertakes to Seller to keep confidential all information (written or oral) disclosed by Seller to Buyer or otherwise acquired during the course o the performance of the Contract except information that is subject to an obligation to disclose under law, or that is required to be disclosed by any competent regulator authority, by notice or otherwise, or already in its possession other than as a result of a breach of this clause or in the public domain other than as a result of a breach of this clause.
- EXPORT COMPLIANCE
12.1 Buyer agrees to comply, at its own expense, with all applicable export control laws and regulations which control the Goods and/or Services it purchases from Seller, including, without limitation, the U.S. Export Administration Regulations, U.S. International Traffic in Arms Regulations, U.S. Office of Foreign Asset Control regulations, EU Regulation No 2021/821, the export control regulations of the individual European countries, Korean Notice on Trade of Controlled Items and/or the Japanese Foreign Exchange and Foreign Trade Law regulations, all as amended or superseded from time to time and as applicable to this transaction. buyer shall not import, export or re-export, or authorize the export or re-export any goods procured under this Contract or any other goods, technology, or information that it obtains or learns from Seller under this Contract, or any copy or direct product thereof, in violation of any of such laws, restrictions, or regulations or without any government license or authorization required thereunder. Any and all obligations of Seller to provide Goods, Services, technology or information hereunder shall be subject in all respects to such laws, restrictions and regulations. 12.2 without limiting the foregoing, any commodity, technology, or software provided by Seller is prohibited for export, re-export, or transfer to Cuba, Islamic Republic of Iran, Democratic People’s Republic of North Korea, Republic of Sudan, republic of South Sudan, Syrian Arab Republic or Libya, as well as to persons or entities listed on restricted parties lists published by the governments of the U.S., Eu, UK, Switzerland, Japan or Korea, as applicable to this transaction. buyer shall immediately n notify Seller if Buyer is, or becomes, listed in any restricted parties list or if Buyer’s export privileges are otherwise denied, suspended or revoked in whole or in part by any government entity or agency. Additionally, any commodity, technology, or software provided by Seller is prohibited for export, re-export, or transfer to any person or entity which will use it for end-uses proscribed by any relevant export control regulations, including chemical and biological weapon, missile, nuclear, maritime nuclear propulsion, and terrorism related activities. 12.3 Buyer agrees to indemnify and hold harmless Seller from any and all fines, claims, damages, losses, costs and expenses (including reasonable attorney’s fees) incurred by Seller as a result of any breach of this clause 12 by Buyer. 12.4 Performance of this Contract is contingent upon Seller obtaining any necessary government approvals, including, but not limited to, any required export licenses or required authorizations. buyer acknowledges that failure to receive a required approval by the relevant government(s) to proceed with an export or transfer of technology excuses Seller from performing the Contract and delivering under the order.
13.1 The validity, interpretation and performance of this Contract and any dispute connected herewith shall be governed and construed in accordance with the laws o the State of Ohio, U.S.A., excluding any conflicts of laws, principles and excluding the United Nations Convention on Contracts for the International Sale of Goods.13.2 Any dispute or claim arising from or in connection with this Contract, including any question regarding its existence, validity or termination, shall first be settled through discussion between the Parties upon the written request of any Party. In the event that no settlement is reached within forty five (45) days after such written request, the courts of the State of Ohio, U.S.A shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with the Contract or its subject matter or formation.13.3 This Contract constitutes the full understanding of the parties, a complete allocation of risks between them and a complete and exclusive statement of the terms and conditions of their agreement and supersedes any price or contemporaneous oral or written communications between the parties concerning the goods supplied hereunder. 13.4 No conditions, usage of trade, course of dealing ore performance, understanding or agreement purporting to modify, vary, explain or supplement the terms or conditions of t his Contract shall be binding unless hereafter made in writing and signed by the party to be bound, and no modification shall be affected by the acknowledgement or acceptance of purchase order or shipping instruction forms containing terms or conditions at variance with or in addition to those set forth herein. 13.5 No waiver by either Seller or Buyer with respect to any breach or default or of any right or remedy and no course of dealing, shall be deemed to constitute a contenting waiver of any other breach or default or of any other right or remedy, unless such waiver is expressed in a writing signed by the party to be bound. 13.6 Buyer shall not (by operation or law or otherwise) assign its rights or delegate its performance hereunder without the prior written consent of Seller, and any attempted assignment or delegation without such consent shall be void. 13.7 If any provision or part-provision of the Contract or these terms and conditions is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. if such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part provision under this clause shall not affect the validity and enforceability of the rest of the Contract or these terms and conditions.
- BASIS OF CONTRACT