1. PRIORITY: The terms and conditions hereof shall govern the rights and responsibilities of the parties notwithstanding any additional, different or inconsistent terms contained in any order by Buyer, which Seller hereby expressly rejects.
2. ACCEPTANCE: This sale of goods is conditioned upon Buyer’s acceptance of the terms and conditions herein contained. Seller hereby expressly rejects any and all terms in any purchase order or other document of Buyer which are in addition to, different from, or inconsistent with these terms and conditions. If this is a Quotation, it is an offer to sell, subject to final approval by Seller. The offer may be withdrawn at any time prior to receiving Buyer’s acceptance, and the offer shall expire automatically if not accepted within thirty (30) days from the date on the face hereof.
3. TAXES AND DUTIES: Prices are subject to the addition of any applicable sales, use and excise taxes, customs duties or tariffs, or any other taxes, duties, or tariffs imposed by a political subdivision, which shall be paid by the Buyer. For tax purposes, title to the goods shall pass from Seller to Buyer upon being loaded for shipment whether by common carrier, by Seller’s or Buyer’s own trucks, or otherwise.
4. CREDIT APPROVAL: Payment must be made in full prior to the commencement of any product preparation or fabrication unless alternative payment arrangements are included within the Sales Order and subsequently approved by Seller’s Credit Department. All alternative payment arrangements contained in any Sales order are strictly contingent upon final approval by Seller’s Credit Department. Upon Purchaser’s acceptance of any Sales Order containing alternative payment terms, Seller’s Credit Department shall have thirty (30) days in which to accept or reject the Sales Order in its sole discretion based on the creditworthiness of Purchaser. An evaluation of creditworthiness shall include, but not be limited to, a review of Seller’s records of Purchaser’s payment history. Any such Sales Order not accepted within the thirty (30) day period shall be conclusively deemed rejected. For alternative payment terms, Seller may require Purchaser to execute Seller’s form of security agreement.
5. PAYMENT TERMS: Purchaser shall make payments in accordance with the payment arrangements approved by Seller’s Credit Department. If Seller delays shipment as requested by Purchaser under Paragraph 9 hereof, Purchaser shall pay the full purchase price (or the final installment) within thirty (30) days after the goods have been completed and, in addition, shall pay a reasonable storage charge as determined by the Seller. Any balance not paid when due shall bear interest at the rate of 1.5% per month (18% A.P.R.) on the average daily balance until paid or the highest rate allowed by applicable law, whichever is less. Notwithstanding anything to the contrary in paragraph 15 hereof, the parties agree that Seller may bring suit to collect any unpaid balance due from Purchaser (or submit such claim to arbitration in Seller’s sole discretion), and Purchaser shall pay all attorney fees and court costs incurred by Seller in connection with the suit to collect such unpaid balance. The parties agree that any such suit brought by Seller shall not be stayed by virtue of any arbitration proceeding between parties, shall proceed to judgment by the Court, and that all of Purchaser’s defenses, avoidances and counterclaims (other than the defense of payment) which it might have shall be submitted to arbitration as provided in paragraph 15. All payment shall be made in currency of the United States.
6. SPECIFICATIONS: Any specifications or drawings submitted to Buyer must be approved and returned to Seller by the date specified in the specification transmittal letter. Any delay will delay the shipping date and may increase Buyer’s cost.
7. ORDERS: All orders are subject to written acceptance and approval by Seller at the Seller’s home office, Springfield, Missouri, U.S.A. and subject to approval by Seller’s Credit Department.
8. TITLE AND RISK OF LOSS: Title to and risk of loss of the goods shall pass from the Seller to the Buyer in accordance with the terms F.O.B., F.A.S., D. & F., C.I.F., etc., as specified on the face of this quotation, as such terms are defined in the Missouri Uniform Commercial Code and other similar acts or treaties for shipment outside of the Continental United States.
9. SHIPMENTS: Shipping dates are estimates only. Seller shall not be liable for delays due to acts of God, labor disputes, fire, flood, material or transportation shortages, breakdown of equipment, or any other causes beyond Seller’s reasonable control. Unless otherwise provided on the face hereof, Seller may ship the goods by any mode, and in full or in partial shipments. In no event shall Seller be liable for any consequential damages, lost profits or claims for labor or material resulting from failure or delay in shipment. If production is changed at the request of Buyer, any resulting delay will extend the shipping date and may increase Buyer’s cost. IF Buyer defers shipment beyond the completion date, the order will be subject to invoicing, payment and storage charges from the date of completion.
10. INSPECTION: Buyer shall inspect the goods at the time and place of delivery and Buyer agrees that such occasion shall constitute a reasonable opportunity for its full inspection. The parties agree that Buyer’s failure to reject the goods within three (3) days shall constitute acceptance of the goods. After Buyer inspects and accepts the goods, Buyer shall, except as provided in paragraph 13 hereof, be deemed to have acknowledged that the goods comply with all specifications, representations and warranties of Seller, and to have waived any claim or cause of action against Seller with respect to the goods. Buyer is encouraged to visit Seller’s plant prior to shipment to inspect and, upon satisfactory completion, shall constitute Buyer’s acceptance of the goods. If Buyer rightfully rejects goods, Seller shall have the same rights to cure as provided in Section 13 for correction of warranty matters.
11. CANCELLATION: Orders are non-cancelable, unless approved in writing by Seller. If approved by Seller, the cancellation charges will equal the total selling price less the estimated direct labor and materials not expended and less the salvage value of materials already purchased.
12. CHOICE OF LAW, VENUE, JURY TRIAL WAIVER: In any matter arising out of this Agreement, whether sounding in contract, warranty, negligence, strict liability, tort, statute, or otherwise: Missouri law shall apply without reference to its choice of law provisions; Buyer consents to personal jurisdiction of, and exclusive venue in, the state and federal courts located in Springfield, Missouri; and THE PARTIES EXPRESSLY WAIVE ANY RIGHT TO TRIAL BY JURY.
13. WARRANTIES: (a) Seller warrants to Buyer that all equipment or parts thereof manufactured by it will be free from defects in material and workmanship only, under normal use and service, for a period of one year from the date of original shipment. This warranty will not apply to any equipment (or parts thereof) which has been subjected to accident, alteration, abuse, or misuse. THIS WARRANTY IS IN LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED (INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE WHICH HEREBY DISCLAIMED) and of all other obligations or liabilities on the part of the Seller, and the Seller will neither assume nor authorize any other person to assume for it any other obligation or liability in connection with this equipment. Our liability shall be limited to the purchase price of this equipment. (b) This Warranty does not expend to products or components not manufactured by the Seller, but furnished as part of its equipment (for example: motors, starters, thermometers, controls, etc.), as to such products and components Seller conveys to Buyer the warranty, if any, of Seller’s suppliers, to the extent transferable without any additional cost to Seller. (c) Permission to return any parts or equipment must be obtained, in writing, and must be returned with transportation costs prepaid. In the event that equipment (or parts thereof) manufactured by the Seller is returned to the plant, the Seller’s obligation will be limited to repairing or replacing parts which upon examination are found (to the satisfaction of the Seller) to be defective in either material or workmanship, or at its option, to refund the purchase price of the defection portion. No transportation charges will be paid by the Seller unless written approval for transportation charges is given by the Seller. Should an in-warranty failure occur, and it is, in the judgment of the Seller, impractical to return the equipment for repairs, the Seller, if it elects to repair or replace the same, will arrange for the repairs to be made by its personnel, sublet to a qualified Seller, grant an allowance for the repairs or replacements as provided below, or refund the purchase price of the defective portion. The Buyer will be expected to cooperate by making the equipment available and accessible when the work is scheduled and is expected to provide the necessary utilities. If Seller elects to grant an allowance, the Seller’s obligation shall be limited to labor costs in an amount equal to the amount which would be payable for a reasonable number of hours required to make the repairs at the rates Seller would have paid to its employees, replacement costs, not exceeding the purchase price paid by Buyer for the defective portion, and in such event, all labor and replacement costs shall be paid by the Buyer and the Seller will reimburse such costs to the extent set forth above.
14. LIMITATION OF LIABILITY: Buyer’s exclusive remedy for claims arising hereunder shall be for damages. Seller shall not under any circumstances be liable for special, indirect, incidental, punitive, or consequential damages, such as, but not limited to, damage or loss of other property or equipment, loss of profits or revenue, costs of capital, or claims by Buyer’s customers. The remedies of the Buyer set forth herein are exclusive, and in the liability of the Seller with respect to the goods, or anything done in connection therewith, or from the manufacture, sale, delivery, resale, installation or use of any of the goods sold hereunder, whether arising out of contract, negligence, strict liability, tort, warranty, or otherwise, shall not, exceed the price of the portion of the goods upon which such liability is based. SELLER SHALL NOT BE LIABLE FOR ANY CORROSION OR SUITABILITY OF USE OF ANY MATERIAL IN ANY PARTICULAR APPLICATION, CORROSION RESISTANCE AND SUITABILITY FOR SUE OF ANY MATERIAL IS DEPENDENT UPON OPERATING ENVIRONMENT AND CONDITIONS, CLEANING AGENTS AND PRACTICES, AND MANY OTHER FACTORS BEYOND THE CONTROL OF SELLER. BUYER BEARS ALL RESPONSIBILITY AND RISK FOR CORROSION OR SUITABILITY FOR USE OF ALL MATERIALS IN THEIR PARTICULAR APPLICATION.
15. ARBITRATION: Except as provided in paragraph 5 hereof, any dispute, controversy or claim arising out of or relating to this Agreement or any purchase order issued by Buyer and accepted by Seller hereunder (including, but not limited to, any dispute relating to the existence, interpretation, breach or termination hereof or thereof) that cannot be resolved by the parties involved, within ninety (90) days of notification by either party of the dispute, shall be resolved by binding arbitration administered by, and in accordance with the Arbitration Rules of the American Arbitration Association. The award of the arbitrator(s) may be entered by any court having jurisdiction thereof. The costs of the arbitration shall be shared equally by the parties, and each party shall bear its own attorney fees and expenses. Any arbitration proceeding shall be conducted exclusively in Springfield, Missouri.
16. MISCELLANEOUS: This Agreement is intended by the parties as a complete and exclusive statement of the terms of their agreement. No course of prior dealings between the parties and no usage of trade shall be relevant to the supplement or explain any term used herein, and no modification shall be binding on Seller unless made in a writing signed by Seller. No claim or right arising out of a breach of this Agreement can be discharged in whole or in part by a waiver or renunciation of the claim or right unless the waiver or renunciation is supported by separate consideration and is in a writing signed by Seller. Buyer shall not assign its rights or delegate its duties under this Agreement. Facsimile and E-mail signatures of the parties shall constitute original signatures for all purposes. The invalidity of any portion of this Agreement shall not affect the validity of any remaining portions thereof.
THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.