GENERAL TERMS AND CONDITIONS OF SALE
1. GOVERNANCE OF TERM
The Terms and Conditions of Sale contained herein (¡§Terms¡¨)
shall govern all orders for and purchases of the products
and/or services set forth on the Quotation (jointly and severally
the ¡§Products¡¨) by the buyer identified on the face hereof
(¡§Buyer¡¨) from AGCT. Any changes to the Terms shall have no
effect unless they (a) are set forth in a writing dated after
the date of the Quotation and (b) are signed by an authorized
representative of AGCT.
2. PRICE AND TERM OF QUOTATION
The price for any PRODUCT shall be the price stated on the
Quotation. If the price is stated by reference to a published
AGCT price list, then the price shall be the published AGCT
list price for the Product in effect at the time AGCT receives
Buyer¡¦s purchase order. Prices stated are exclusive of all
taxes, fees, licenses, duties, or levies (¡§Taxes¡¨) and, unless
otherwise stated on the Quotation, transportation charges,
freight and insurance are also not included in the price for
the Product. All Taxes related to Product shall be paid by
Buyer (other than taxes assigned against AGCT¡¦s net income)
or in lieu thereof, Buyer shall provide a tax exemption certificate
acceptable to the relevant taxing authorities. Taxes and other
charges payable by Buyer may be billed as separate items on
AGCT¡¦s invoice. The Quotation is valid only for (a) the limited
period of time set forth on the Quotation or, (b) if no such
period is set forth, it is valid for 30 days from the date
of transmittal of the Quotation to Buyer. Any Buyer communication
dated after the foregoing period purporting to accept the
Terms will be considered as an offer by Buyer to purchase
the Products which offer is subject to acceptance by AGCT
at its home office. AGCT reserves the right to reject any
such offer. Notwithstanding anything in the Quotation to the
contrary, AGCT also reserves the right to withdraw the Quotation
at any time prior to receipt by AGCT of Buyer¡¦s full and unrestricted
acceptance of all of the Terms.
3. PAYMENT TERMS; COLLECTION COSTS; SECURITY
TERMS. Payment terms are net 30 days from the later in time
of (a) the date of AGCT¡¦s invoice to Buyer, or (b) receipt
by Buyer of the Products referenced on such invoice. There
are no allowances or deductions permitted from the invoiced
price for early payment and none shall be taken. If AGCT deems
Buyer to have become unaccredited worthy, AGCT reserves the right
to require alternative payment terms, including without limitation
sight draft, letter of credit, or payment in advance. Payment
for partial shipments shall be based on unit or prorated prices,
and payment for partial installations shall be based on percentage
of completion of installation. If payment is not received
by the due date, AGCT may assess and Buyer agrees to pay a
late payment charge at the rate of 1% per month (12% per year)
or the maximum legal rate, whichever is less, of the amount
due. Buyer also agrees to and will pay, all costs of collection
incurred by AGCT including, without limitation, reasonable
attorney fees and expenses. Buyer hereby grants to AGCT and
AGCT reserves a purchase money security interest in each Product
purchased hereunder, and in any proceeds thereof, for all
amounts owing to AGCT for or related to such Product. Buyer
agrees to cooperate with AGCT in perfecting and maintaining
AGCT¡¦s security interest, including the preparation, signing
and filing of UCC financing statements or documents of a similar
legal nature. Buyer agrees that AGCT is authorized, at its
option, to file financing statements or amendments thereto
(or documents of a similar legal nature) without the signature
of Buyer with respect to any or all of the Products and, if
a signature is required by law, Buyer appoints AGCT as Buyer¡¦s
attorney-in-fact to sign any such documents. AGCT may assign
or reassign its security interest without notice to Buyer;
provided that AGCT¡¦s obligations hereunder shall remain in
full force and effect. Buyer shall recognize each such assignment
and shall not assert against the assignee any defense, off-set
or counterclaim Buyer may have against AGCRT under this Agreement
or any other agreement between the parties. Payment in full
of amounts owed for and related to such Product shall release
the security interest on the Product.
CREDIT TERMS. AGCT may, at any time and at its sole discretion
by written notice to Buyer limit or cancel the credit of Buyer
as to time and amount, suspend shipments, demand payment in
cash before delivery of Product, and demand assurances of
Buyer¡¦s performance. If within 30 days of such notice Buyer
fails to agree and comply with the terms of payment demanded
by AGCT in such notice, or fails to give adequate assurances
of performance, AGCT may, without prejudice to any other right
or remedy AGCT may have: (1) by notice to Buyer, treat such
failure or refusal as a repudiation by Buyer of that portion
of Buyer¡¦s order not then fully performed, whereupon AGCT
may cancel all further deliveries, and any amounts unpaid
for non-cancelled Product shall immediately become due and
payable; or (2) make shipments under reservation of a security
interest and demand payment against tender of title documents.
DELIVERY; TITLE AND RISK OF LOSS. AGCT will use reasonable
commercial efforts to ship Product within a reasonable time
after the Buyer¡¦s order has been received by AGCT, or, if
a proposed shipment date is indicated in the Quotation on
or before such date. AGCT may make delivery in installments,
and each installment shall be deemed to be a separate sale.
AGCT may render a separate invoice for each installment, which
invoice shall be paid in accordance with these Terms without
regard to prior or subsequent installments. All Products are
sold Ex Works, AGCT¡¦S loading dock and, title to and risk
of loss with respect to all Products shall pass from AGCT
to Buyer upon delivery to the common carrier selected by Buyer
(or selected by AGCT if one has not been notified to AGCT
by Buyer prior to the date of shipment).
4. LIMITED WARRANTY.
Other than the warranty of title, there are no other
warranties under this agreement relative to the products,
either express or implied, and none shall be created,
whether under the uniform commercial code (or laws of
similar import in jurisdiction outside the united states) or
the course of dealings between the parties or custom or
usage in the industry. any warranties of merchantability or
fitness for a particular purpose are expressly disclaimed (event
if AGCT has been expressly informed of such particular
purpose).
In no event shall AGCT be liable to buyer or anyone
claiming through buyer, whether in contract, tort,
warranty, or under any statue or on any other basis for
special, incidental,
indirect, putative, multiple, or consequential damage
sustained by buyer or any other person or entity arising out
of AGCT¡¦S performance or failure to perform its obligation
relating to the purchase of products or performance of
services or the possession or use of any product, whether or
not foreseeable and whether or not AGCT is advised of the
possibility of such damages, including without limitation
damages arising from or related to loss of use, loss of data,
downtime, or for loss of revenue, profits, goodwill, or
business or other financial loss.
Any description of Product recited in the Quotation or in
any AGCT literature or publications is for the sole purpose
of identifying product, and any such description is not part
of any contract between AGCT and Buyer and does not constitute
a warranty that Product shall conform to that description.
Any sample or model used in connection with the Quotation
is for illustrative purposes only, and is not part of any
contract between AGCT and Buyer, and does not constitute a
warranty that Product will conform to the sample or model.
No affirmation of fact or promise made by AGCT or its agents
or representatives, whether or not in the Quotation shall
constitute a warranty that Product will conform to such affirmation
or promise.
All recommendations, statements and technical data regarding
Products are based on tests which AGCT believes to be reliable
and correct. However, the accuracy and completeness of such
tests and the results thereof are not guaranteed and are not
to be construed as a warranty, either express or implied.
AGCT assumes no obligation or liability for the advice given
or the results obtained, all such advice being given and accepted
at Buyer¡¦s sole risk.
5. PATENT INDEMNIFICATION
AGCT agrees to and shall defend, indemnify and hold Buyer
harmless (including reasonable attorney¡¦s fees and expenses
and any damages, penalties and interest awarded by a court
or agreed to by AGCT in settlement of such claim) against
any claim, liability or suit brought by a third party and
alleging that the Product or the use thereof, per se and in
strict accordance with the labeling or Operators Manual therefore,
infringes a claim in a patent owned by such third party. Notwithstanding
the foregoing, if Buyer furnished specifications for the Product
to AGCT, Buyer agrees to defend, indemnify and hold AGECT
harmless (including reasonable attorney¡¦s fees and expenses
and any damages, penalties and interest awarded by a court
or agreed to by Buyer in settlement of such claim) against
any claim liability or suit brought by a third party and alleging
that such Product or the use thereof as specified by Buyer
infringes a claim in a patent owned by such third party.
6. FORCE MAJEURE
AGCT shall not be liable for any delay or failure of performance,
in whole or in part, including without limitation failure
to deliver or failure to install, where such delay or failure
arises out of or results from any cause beyond AGCT¡¦s reasonable
control, including, by way of example only and not limitation,
flood, fire, explosion, weather, earthquake or other act of
God, strike, riot, sabotage, terrorism, boycott, or other
labor disputes, embargo, governmental law, rule or regulation,
whether valid or invalid, national defense requirement, or
an inability or delay in obtaining raw materials, labor or
transportation under usual and customary terms or any similar
or different contingency which would make performance commercially
impractical. In the event of any such delay or failure of
performance, AGCT shall have such additional time within which
to perform its obligations hereunder as may be reasonably
necessary under the circumstances; and AGCT shall also have
the right, to the extent necessary in AGCT¡¦s reasonable judgment,
to apportion Product then available for delivery fairly among
its various customers, including those not then under contract,
in such manner as AGCT may consider equitable.
7. ENTIRE AGREEMENT
The Terms in the Quotation and herein, constitute the complete,
exclusive and entire agreement between AGCT and Buyer with
respect to purchases of Product, and AGCT¡¦s offer to sell
the Product is expressly limited to such Terms. Any representation,
warranty, promise or condition which does not form part of
the Terms shall not be binding on either party. The Terms
supersede and replace all prior or contemporaneous understandings
or agreements, written or oral, and any of Buyer¡¦s additional
or different terms or conditions, are hereby rejected and
shall be void. Buyer¡¦s submission of a purchase order or other
instrument regarding the purchase of Product in response to
the Quotation or any other AGCT document that includes or
incorporates these Terms shall be deemed acceptance of these
Terms to the exclusion of any other terms and conditions appearing
in or referenced in such purchase order or other instrument.
Any terms in a Buyer purchase order which differ from or modify
the Terms are hereby deemed to be material alterations and
notice of objection is hereby given, notwithstanding anything
contained to the contrary in such purchase order or other
instrument or elsewhere.
8. CHOICE OF LAW
Any contract between AGCT and buyer relating to Product,
including these Terms, and any disputes relating thereto,
shall be governed by and construed in accordance with the
laws of the state of Rhode Island, excluding both its choice
of the law provisions and the UN convention on Contracts for
the International Sale of Goods.
9. EXPORT CONTROLS
Buyer agrees that it will not export or transfer Product
for re-export in violation of any United States laws or regulations,
or to any denied of prohibited person, entity, or embargoed
country in violation of such laws or regulations.
10. MISCELLANEOUS
No subsequent waiver, alteration, modification or amendment
of the Quotation or these Terms shall be binding unless in
writing and signed by a duly authorized representative of
both AGCT and Buyer. AGCT¡¦s failure to exercise any rights
hereunder shall not constitute or be deemed a waiver or forfeiture
of such rights or a waiver or forfeiture of such rights in
the future. Headings are included herein for convenience of
reference only and shall not constitute a part of these Terms.
If any provision of these
Terms shall be held invalid or unenforceable by a court of
competent jurisdiction for any reason, such effected provision
shall (a) be deemed severable and not effect any other provision
of the Terms and (b) be promptly renegotiated by the parties
with the intent of determining valid and enforceable language
which most closely resembles that rejected by such court to
thereby preserve the intent of the parties. The rights and
duties of Buyer under this Agreement are not assignable or
transferable without the express written permission of AGCT.
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