Source: http://www.cfcsite.com/purchase-terms/
Timestamp: 2018-02-19 11:44:47
Document Index: 487931166

Matched Legal Cases: ['§35', '§651', '§201', 'art 60', 'art 60', 'art 61', 'art 60']

Carolina Fluid Components – Purchase Terms
Acceptance of Contract. All orders for goods, materials, work or services to be performed (“goods”) become a contract subject to the terms and conditions set forth herein when accepted by acknowledgment or commencement of performance by Seller and such terms and conditions constitute the entire agreement between the parties. No change in such terms and conditions shall be valid unless agreed to in writing by an authorized corporate officer of Buyer.
Title, Risk of Loss, Inspection, and Acceptance of the Goods. Regardless of F.O.B. terms of sale, title to and risk of loss shall pass and acceptance of the goods shall take place when such goods have been delivered to Buyer’s specified destination and have passed Buyer’s inspection and tests. In no event shall payment be deemed to constitute acceptance.
(b) Seller warrants that the prices for the goods are not less favorable than those currently extended to any other customer for the same or like goods under conditions similar to those specified in Buyer’s order. In the event Seller establishes or offers a lower price for the sale of such goods in such quantities, Seller agrees to reduce the prices hereof correspondingly.
Indemnification. Seller shall indemnify and hold Buyer harmless against all liability, cost and expense (including, without limitation, Buyer’s costs of testing and inspection, court costs and reasonable attorney’s fees) on account of claims or injuries to persons or damage to property based in whole or in part upon any act or omission of Seller, its agents, employees and subcontractors or as a consequence of any breach of Seller’s warranties. Further, Seller agrees to indemnify and hold Buyer harmless against all liability, costs and expense (including, without limitation, Buyer’s costs of testing and inspection, court costs and reasonable attorney’s fees) incurred by Buyer in connection with or related to any recall, inspection, testing, replacement or correction of the goods or any part or equipment into which the goods are incorporated, which results from or is related to, in whole or in part, a defect or alleged defect in the goods.
Seller shall furnish Buyer with insurance certification from Seller’s insurance carrier showing that Seller has comprehensive general liability insurance coverage, including product liability coverage, currently in force in an amount of not less than $1,000,000 combined single limit bodily injury and property damage. Such certification shall also contain a vendor’s endorsement showing Buyer as an additional insured vendor under Seller’s liability hereunder, and shall not in any way modify Seller’s indemnification of Buyer.
Excess Quantities/Non-Conforming Goods/Substitutions. Goods in excess of those specified, non-conforming goods or unauthorized substitutions shall not be accepted by Buyer and any such goods will be held at Seller’s risk, and all transportation charges, both to and from the original destination, shall be paid by Seller.
Cancellation. Buyer shall have the right by written notice to cancel, suspend or modify the goods and services to be furnished by Seller under Buyer’s order. Buyer shall only be liable to Seller for the agreed upon price for goods accepted by Buyer and for Seller’s costs for reasonable materials and actual work performed up to the time of cancellation not otherwise usable or saleable by Seller, net of salvage value. Buyer shall not be liable for Seller’s anticipatory profits and/or consequential damages.
Default. Buyer reserves the right, by written notice to cancel any order without liability to Buyer in the event of (i) insolvency of Seller, (ii) the filing of a voluntary Petition of Bankruptcy by Seller, (iii) the filing of an involuntary petition to have Seller declared Bankrupt, (iv) the appointment of a Receiver or Trustee or Seller, or (v) the execution by Seller of an Assignment for the Benefit of Creditors. If Seller fails to perform, or breaches any of the terms, Buyer reserves the right immediately upon such failure of performance or breach, and without any liability to Buyer (i) to cancel the order in whole or in part by written notice to Seller, or (ii) after notifying Seller of such failure or breach and of Buyer’s intent to exercise such right, to obtain the goods from another source, with any excess costs resulting therefrom chargeable to Seller. Seller shall be liable for Buyer’s damages in connection with such breach or failure to perform including consequential damages reasonably foreseeable by Seller or of which Seller has apprised by Buyer, provided, however, the Seller shall not be responsible for delays or defaults occasioned by fires, acts of God, wars or riots, but in the event of such occurrence, Buyer reserves the right to cancel the order without liability of any kind.
Compliance with Laws. Seller shall, in the performance of work under Buyer’s order, fully comply with all applicable Federal, state and local laws and regulations (including, without limitation, the Walsh-Healey Act, 41 U.S.C.A. §§35-45, the Occupational Safety and Health Act of 1970, 29 U.S.C.A. §§651-678; The Fair Labor Standards Act of 1938, 29 U.S.C.A. §§201-219, as amended); and the matters set forth in paragraph 18 below, and shall indemnify and hold Buyer harmless from any liability cost or expense (including, without limitation, Buyer’s court costs and reasonable attorney’s fees) resulting from Seller’s failure of compliance. Seller agrees upon request to furnish Buyer with a certification of compliance with respect to any or all such laws and regulations in such form as Buyer may require.
Applicable Law. The contract resulting from the acceptance of Buyer’s order shall be governed by and construed according to the laws of the State of Ohio.
Equal Employment. The contract provisions set forth in Section 202 of Executive Order 11246 (equal opportunity), as amended, and the regulations promulgated thereunder (41 CFR Part 60-1), and the provisions, representations or agreements contained in Executive Order 11701 (employment of veterans), as amended, and the regulations promulgated thereunder (41 CFR Part 60-250 and 41 CFR Part 61-250) Executive Order 11758 (employment of the handicapped), as amended, and the regulations promulgated thereunder (41 CFR Part 60-741) and Executive Order 11625 (utilization of minority business enterprises) as amended, and the regulations promulgated thereunder (41 CFR Chapter 1-1-1310) to the extent same are applicable to Buyer’s order, are incorporated by reference herein as if fully rewritten with respect thereto. Seller agrees, upon request, to furnish Buyer a certification of compliance with such Executive Orders in such form as Buyer may require.
Hazard Communication/Right-To-Know. Seller shall comply with all requirements of the OSHA Hazard Communication Standard (29 CFR Section 1910-1200) all state and local right-to-know laws, and all other Federal, state and local laws regulations relating to hazardous chemicals, including without limitation, the material safety data sheet and product labeling requirements.