STANDARD TERMS AND
CONDITIONS OF PARTS SALES
These
terms and conditions (the “Agreement”) govern all orders placed with Direct
Components, Inc. (“Direct Components, Inc.” or “Seller”) by the purchaser
(“Purchaser”) for electronic component parts, products and other goods.
Purchaser’s placement of any purchase order to Direct Components, Inc.
indicates Purchaser’s acceptance of these terms and conditions. Unless
otherwise provided by Seller, orders are non-cancelable and non-refundable. An
order may be cancelled by Purchaser only upon the advance written consent of
Seller (which it may withhold at its sole and absolute discretion). As a
condition to receiving Seller’s written consent, Purchaser shall pay all
reasonable cancellation and restocking charges incurred by Seller due to
Purchaser’s cancellation of the order.
1.
DELIVERY. All prices quoted and goods shipped are F.O.B. Seller’s place of
shipment. Title and risk of loss of all goods shall pass to Purchaser when the
goods are placed by Seller in possession of a common carrier selected by Seller
for shipment to Purchaser. Unless expressly provided by Seller in writing,
Purchaser shall pay all freight, handling, special handling, delivery and
insurance costs for the shipment of goods. Seller may refuse or delay any
shipment if Purchaser fails to pay promptly any payments due to Seller. Seller
may, at its option, deliver all goods at one time or in portions from time to
time, within the time for delivery provided in the order. Purchaser
acknowledges that delivery dates provided by Seller are estimates only and that
Seller is not liable for failure to deliver on such dates. Special handling
charges above include special freight in or other handling charges agreed to
between Purchaser and Seller.
2.
FORCE MAJEURE. Seller is excused from performance of any obligation and shall not
be liable for delays in delivery or for failure to perform, if its failure or
delay in performance is caused by events or conditions beyond Seller’s
reasonable control, including, without limitation, (i) Acts of God, explosion,
flood, lightning, tempest, fire, wash-outs, tornadoes, hurricanes, wind-storms,
epidemic, earthquake or accident; (ii) war, hostilities (whether war be
declared or not), invasion, act of foreign enemies; (iii) rebellion,
revolution, insurrection, military or usurped power or civil war; (iv) riot,
civil commotion or disorder; (v) acts, restrictions, regulations, by-laws,
refusals to grant any licenses or permissions, prohibitions or measures of any
kind on the part of any governmental authority; (vi) import or export
regulations or embargoes; (vii) strikes, boycotts, lock-outs or other
industrial actions or trade disputes of whatever nature; (viii) any delay,
defaults or other failure or refusal to perform of suppliers or
sub-contractors; (ix) incompleteness or inaccuracy of any information which is
the responsibility of Purchaser to provide; (x) any failure, default, delay in
performance, or any act or omission of any nature whatsoever on the part of the
Purchaser, or its employees, agents, suppliers or sub-contractors. In the event
of any delay, the contractual date of delivery, if any, shall be extended for a
period equal to the time lost as a consequence of the delay without penalty to
the Seller and such delay in performing or failure to perform shall not
constitute a breach of this Agreement. Direct Components, Inc. reserves the
right to cancel without liability any order, the shipment of which is or may be
delayed for more than 30 days by reason of any such cause.
3.
PRICES. Prices shall be specified by Seller and shall be applicable for
the period specified in Seller’s quote. If no period is specified, prices shall
be applicable for no more than twenty-four (24) hours. Notwithstanding the
foregoing, prices and availability shall be subject to change at any time in
the event of any change in Seller’s costs, part availability from Seller’s
vendors, or other circumstances beyond Seller’s reasonable control. Seller
shall notify Purchaser of any changes in price as soon as practicable whereupon
Purchaser shall have the option of accepting or rejecting such change, without
further liability to Seller. Unless expressly provided by Seller in writing,
Purchaser shall pay all freight, handling, special handling, delivery and
insurance costs for the shipment of goods, which are in addition to the prices
specified by Direct Components, Inc. for the goods or services. In addition,
Purchaser shall also pay Seller for testing and inspection services performed
by it or other third party selected by Seller. Direct Components, Inc. Standard
Terms and Conditions of Parts Sales Page 2 of 6 Direct Components, Inc.
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4. PAYMENT TERMS
4.1.
Purchaser shall pay for the goods in full, without offset or deduction, within
the time frame set by Direct Components, Inc.. If no
time is set, Purchaser shall pay for the goods no later that 14 days after delivery. For those sales that do
not require payment in advance of or upon delivery, if payment is not received
by Seller within the period set forth by Seller, Purchaser shall pay to Seller
a late payment charge of 1.5% per month on the unpaid balance or the maximum
rate of interest allowed by law, whichever is less, such interest to accrue and
compound until all outstanding payments are received in full.
4.2.
Time is of the essence with respect to Purchaser’s obligation to pay all
invoices in a timely manner. If Purchaser fails to make payment when due,
Seller may pursue any legal or equitable remedies, in which event Seller shall
be entitled to be wholly indemnified for its costs and attorneys’ fees (whether
or not a suit is brought and at trial, appellate and post-judgment levels).
4.3.
All checks are accepted subject to collection upon presentation. Acceptance of
any partial payment shall not constitute waiver of Seller’s right to payment in
full of all amounts owing from Purchaser to Seller.
4.4.
Notwithstanding delivery and the passing of risk in the goods, or any other
provision of these terms and conditions, the title in the goods shall not pass
to Purchaser until Seller has received full payment for the goods agreed to be
sold by Seller to Purchaser for which payment is then due.
4.5.
Until such time as the title in the goods passes to Purchaser, Purchaser shall
hold the goods as Seller’s fiduciary agent and bailee,
and shall keep the goods separate from those of Purchaser and third parties and
properly stored, protected and insured and identified as Seller’s property, but
shall be entitled to resell or use the goods in the ordinary course of
business.
4.6.
Until such time as the title in the goods passes to Purchaser, Seller shall be
entitled at any time to require Purchaser to deliver up the goods to Seller,
and if Purchaser fails to do so forthwith, to enter upon the premises of
Purchaser or any third party where the goods are stored and repossess the
goods.
4.7.
Purchaser shall not be entitled to pledge or in any way charge by way of
security for any indebtedness any of the goods which remain the property of
Seller, but if Purchaser does so, all monies owing by Purchaser to Seller
(without prejudice to any other right or remedy of the Seller) forthwith
becomes due and payable.
4.8.
Seller may assign accounts receivables to any of its affiliates. In order to
defray the costs of customer account administration, to the extent any credit
balance or other sum owed to Purchaser by Seller which remains unclaimed by
Purchaser for a period of eighteen (18) months, the balance or sum will become
the property of Seller.
5.
ACCEPTANCE AND RETURN
Inspection
and acceptance of goods shall be Purchaser’s responsibility. Purchaser must
notify Direct Components, Inc. in writing of any damage, shortage or other
discrepancy to products within 7 days after delivery. After the 7th day,
Purchaser is deemed to have accepted the products and may not revoke
acceptance. Seller reserves the right to request, and Purchaser shall provide,
a failure report for defective goods that are rejected before a return will be
allowed or RMA issued. In order to return or exchange a defective good, in
addition to providing a failure report, Purchaser must request a Return
Material Authorization (“RMA”) from Seller’s customer service department. The
customer service representative shall record all requests and, if Purchaser’s
RMA is accepted by Seller, Seller will forward to Purchaser a return
authorization label. Purchaser must return to Seller and Seller must receive
the damaged or defective goods within seven (7) days after Purchaser obtains
the label. The return authorization label must be attached to all packaging
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containing
goods returned to Seller. No returns of any type will be accepted without the
RMA label. If Purchaser does not request an RMA within the seven days, or
requests an RMA for goods that are not damaged or defective, Seller may, at its
sole and absolute discretion, issue an RMA and may require that Purchaser pay
to Seller a 25% restocking fee plus shipping/freight charges as a condition of
issuing to Purchaser the RMA.
6.
LIMITED WARRANTY
Subject
to Section 7, Seller warrants that it has title to the goods and that, to its
actual knowledge, the goods generally conform to the description set forth by
Direct Components, Inc.. The use of part numbers or
other methods of description is for convenience only and does not constitute
any representation by Seller with respect to the performance, specifications,
fitness of any part of any purpose or adequacy of any design, specification or
program provided to Seller by on behalf of Purchaser or manufacturer or
supplier.
THE
FOREGOING WARRANTIES ARE SELLER’S EXCLUSIVE WARRANTIES, AND THE GOODS SOLD
UNDER THIS AGREEMENT ARE OTHERWISE SOLD “AS IS” AND “WITH ALL FAULTS.” EXCEPT
AS OTHERWISE EXPRESSLY PROVIDED HEREIN, SELLER MAKES NO REPRESENTATION OR
WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER
RELATING TO THE GOODS, INCLUDING, WITHOUT LIMITATION, THE DESIGN AND CONDITION
OF THE GOODS OR THEIR QUALITY, CAPACITY, SUITABILITY, CONSTRUCTION,
PERFORMANCE, MARKET OR RESALE VALUE, MERCHANTABILITY OR FITNESS FOR ANY
PARTICULAR PURPOSE. Purchaser acknowledges that Seller is acting solely as a
third-party distributor of the goods and that the manufacturer of the goods
and/or party from whom Seller purchased the goods shall be responsible for all
liabilities, claims, damages, obligations and costs and expenses relating to
the goods distributed by Seller. Purchaser agrees to look solely to the
manufacturer for compliance with manufacturer’s warranty and for maintenance,
support and/or repair of goods. Seller assigns to Purchaser any warranty
delivered to Seller by a manufacturer, or other vendor to the extent the
assignment is permitted by the terms thereof. Seller makes no representation,
covenant or warranty with respect to the extent or enforceability of the
manufacturer’s warranty. No repair or replacement of goods by Seller or
manufacturer shall extend the warranty period of the manufacturer. Seller
neither assumes nor authorizes Purchaser or any other person to assume on
behalf of Seller any liabilities in connection with the use, sale or resale of
the goods.
7.
LIMITATION OF LIABILITY
7.1
Except as otherwise provided, all claims for any damage, defect, shortages,
breach of any warranty, or for any cause whatsoever (whether the claim is based
in contract, negligence, strict liability, other tort or otherwise) shall be
deemed waived unless made in writing and received by Seller within thirty (30)
days after Purchaser’s receipt of goods, or if the claim is for non-delivery of
goods, within thirty (30) days after the date the goods were to be delivered.
Failure of Seller to receive written notice of any such claim within the
applicable time period shall be deemed an absolute and unconditional waiver by
Purchaser of the claim regardless of whether the facts giving rise to the claim
shall have then been discovered or whether processing, further manufacture,
other use or resale of goods shall have then taken place.
If
any claim is valid, except as set forth below, Purchaser’s sole and exclusive
remedy, and Direct Components, Inc.’s sole liability, shall be for Direct
Components, Inc. to, in its sole discretion: (1) repair the products, (2)
replace the products, or (3) refund Purchaser’s purchase price via credit. The
products must be returned to Direct Components, Inc. within 30 days of
delivery, freight charges prepaid.
7.2
PURCHASER’S EXCLUSIVE REMEDY FOR BREACH OF THIS AGREEMENT SHALL BE FOR DAMAGES
AND, EXCEPT AS OTHERWISE SET FORTH IN SECTION 7.1, SELLER’S TOTAL LIABILITY TO
PURCHASER FOR ALL OR ANY LOSSES AND DAMAGES ARISING OUT OF ANY CLAIM ARISING
OUT OF OR RELATED TO THIS AGREEMENT OR THE GOODS OR SERVICES PROVIDED BY SELLER
(WHETHER THE CLAIM IS BASED ON Direct Components, Inc.
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Inc. Proprietary and Confidential Rev. 6/10
BREACH OF WARRANTY, BREACH OF CONTRACT, NEGLIGENCE, STRICT
LIABILITY, OR ANY OTHER LEGAL THEORY) SHALL IN NO EVENT EXCEED THE PURCHASE
PRICE OF THE GOODS IN RESPECT TO WHICH THE CLAIM ARISES FROM OR, AT SELLER’S
SOLE AND ABSOLUTE OPTION, REPAIR OR REPLACEMENT OF THE GOODS. IN NO EVENT SHALL
SELLER BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR
PUNITIVE DAMAGES RESULTING FROM ANY CLAIM (INCLUDING, WITHOUT LIMITATION, LOSS
OF PROFITS, BUSINESS LOSSES, DAMAGE TO PROPERTY, OR ANY LIABILITY OF PURCHASER
TO ITS CUSTOMERS OR THIRD PARTIES). In no event is Seller liable
to any third party for any liability, claims, obligations, damages, costs or
expenses, including without limitation, any direct, indirect, special,
incidental, or consequential damages (including loss of profits, business
losses, personal property damage, personal injury and death) arising out of or
relating to the sale of goods by Seller to Purchaser or any related services
provided by Seller. Seller is not liable for, and Purchaser assumes full
responsibility for all personal injury and property damage connected with the
handling, transportation, possession, processing, repacking, further manufacture,
or other use or resale of goods, whether the goods are used alone or in
combination with any other material.
7.3
Goods sold by Seller are not designated for use in life support, life
sustaining, nuclear or other applications in which the malfunction of such
product can reasonably be expected to result in personal injury or catastrophic
property damage. Purchaser and its customers using or selling such goods for
such use do so at their own risk and agree to fully indemnify Seller for any
damage resulting from such use or sale.
8.
TAXES
Seller’s
prices do not include sales, use, excise or other similar taxes. Accordingly,
Purchaser shall pay, in addition to prices specified by Seller, all applicable
local, state and federal taxes, including all sales, use, excise or other
similar tax, payable with respect to the goods or the transactions contemplated
herein, or, alternatively, provide Seller with tax exemption or resale
certificate(s) acceptable to the applicable taxing authorities.
9.
INTELLECTUAL PROPERTY/PROPRIETARY RIGHTS
Seller
disclaims any warranty against infringement with respect to the goods sold
pursuant to this Agreement and Seller is not liable with respect to any actual
or alleged infringement of any United States or foreign patent, trademark,
copyright, mask work right, trade dress, trade secret or similar proprietary
rights. Purchaser agrees to indemnify and defend Seller against and hold Seller
harmless from any and all damages, liabilities, losses, costs and expenses,
including without limitation, attorneys’ fees (whether or not a suit is brought
and at every tribunal level including appeals and any enforcement proceedings)
relating to any claim, lawsuit or other proceeding or threatened lawsuit or
proceeding in which there is a claim that Purchaser’s use, modification or
integration of any goods purchased violates the intellectual property rights of
any entity or person.
10.
INSTALLATION
Purchaser
is solely responsible for the installation and operation of the goods
including, without limitation, obtaining all permits, licenses, or certificates
required for the installation or use of the goods.
11.
TECHNICAL ADVICE AND DATA
Any
technical advice offered or given in connection with the use of the goods is an
accommodation to Purchaser without charge, and Seller is not liable or
responsible whatsoever for the content or use of the advice. Without Seller’s
consent, Purchaser shall not use, duplicate or disclose any technical data
delivered Direct Components, Inc. Standard Terms and Conditions of Parts Sales
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or
disclosed by Seller to Purchaser for any purpose other than for installation,
operation or maintenance of the goods purchased by Purchaser from Seller.
12.
DEFAULT
In
the event of a default by Purchaser, Seller shall have all the rights and
remedies provided under the Uniform Commercial Code as adopted in the State of
Colorado, which shall be cumulative with one another and with any other
remedies that Seller might have in law and equity, under any agreement of any
type or, without limitation, otherwise. The waiver by Seller of any breach of
these terms and conditions including default in any payment shall not
constitute a waiver of any succeeding breach or default. The exercise or
failure to exercise any remedy shall not preclude the exercise of that remedy
at another time or any other remedy at any other time. No action, regardless of
type, arising out of, or in any way connected with the goods furnished or
services rendered by Seller to Purchaser, may be brought by Purchaser more than
one (1) year after the occurrence of the facts upon which the cause of action
arose. Purchaser shall pay to Seller, on demand, all costs incurred by Seller
in enforcing, prosecuting, or defending any provision of this Agreement. For
the purpose of this Agreement, “costs” includes, without limitation, the fees,
costs, and expenses of experts, attorneys, mediators, witnesses, arbitrators,
collection agents, and supersedes bonds, whether incurred before or after
demand or commencement of legal proceedings, and whether incurred pursuant to
trial, appellate, mediation, bankruptcy, arbitration, administrative or
judgment-execution proceedings.
13.
INTEGRATION AND ASSIGNMENT
This
Agreement records the final, complete and exclusive agreement between the
parties with regard to the subject matter addressed in it and supersedes any
and all prior or contemporaneous oral or written agreements between them
regarding the same. No course of prior dealings between the parties and no
usage of the trade is relevant to supplement or explain any term used in this
Agreement nor is acquiescence in a course of performance rendered under this
Agreement relevant to determining the meaning of this Agreement even though the
accepting or acquiescing party had knowledge of the nature of performance and
opportunity for objection. An amendment or modification of this Agreement will
be valid and effective only if it is in writing and signed by both Purchaser and
Seller. Any assignment by Purchaser of this Contract or any rights in it,
without Seller’s advance written consent, shall be void.
14.
EXPORT CONTROLS
The
sale, resale or other disposition of the goods and any related technology or
documentation are subject to export control laws, regulations and orders of the
United States and may be subject to the export and/or import control laws and
regulations of other countries. Purchaser agrees to comply with all such laws,
regulations and orders and acknowledges that it shall not directly or
indirectly export and/or divert any goods to any country to which such export
or transmission is restricted or prohibited. Purchaser acknowledges its
responsibility to obtain any license to export, re-export or import as may be
required. The goods are not to be resold or transferred without direct approval
from Seller. The use of the goods in the design, development, production or use
of missiles or in any activities related to nuclear, chemical or biological
weapons is strictly prohibited. Customer shall hold Direct Components, Inc.
harmless from any damages, liabilities, costs and expenses relating to any
lawsuit, threatened lawsuit or other proceeding arising out of a breach or
threatened breach of any export/import laws or regulations.
15.
PURCHASER TERMS AND CONDITIONS
Goods
furnished by Seller to Purchaser are sold only on the terms and conditions
stated in this Agreement. Notwithstanding any term or condition on any document
of Purchaser, the information and conditions in this Agreement govern and are
binding on Purchaser and Seller. Any different or additional terms or
conditions contained on Purchaser’s purchase order, invoice, confirmation, or
any other Purchaser-Direct Components, Inc. Standard Terms and Conditions of
Parts Sales Page 6 of 6 Direct Components, Inc. Proprietary and Confidential
Rev. 6/10
generated
documents are specifically objected to by Seller. Seller’s performance of any
contract is expressly made conditional on Purchaser’s agreement to Seller’s
terms and conditions contained in this Agreement. Commencement of performance
or delivery shall be for Purchaser’s convenience only and shall not constitute acceptance
by Seller of Purchaser’s terms and conditions. If a contract is not earlier
formed by mutual agreement between Purchaser and Seller, acceptance of any
goods or services by Purchaser shall constitute acceptance by Purchaser of the
terms and conditions herein.
16.
LEGAL PROCEEDINGS
The
validity, enforcement, construction, and interpretation of this Agreement are
governed by the laws of the State of Colorado and the federal laws of the
United States of America, excluding the laws of those jurisdictions pertaining
to resolution of conflicts of laws of other jurisdictions. The parties
expressly exclude the applicability of the United Nations Convention on
Contracts for the International Sale of Goods. Seller and Purchaser (a) consent
to the exclusive jurisdiction of the state and federal courts having
jurisdiction over the City and County of Denver, Colorado, and (b) waive any
defense, whether asserted by motion or pleading, that venue in these courts is
improper or an inconvenient venue.
17.
GENERAL
All agreements, covenants, conditions
and provisions contained herein shall apply to and bind the permitted assignees
and successors in interest of Purchaser. If any provision of this Agreement is
held to be invalid, illegal, unconscionable, or unenforceable, that provision
will be considered separable from the remaining provisions of this Agreement,
will be reformed and enforced to the extent that it is valid and lawful, and
will not affect the validity, legality, or enforceability of any other provision
of this Agreement. The captions used herein are for the convenience of the
parties only and shall not affect the construction or interpretation hereof.
Nothing in this Agreement, whether express or implied, is intended or should be
construed to confer upon or grant to, any person, except Purchaser and Seller,
any claim, right or remedy under it.