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Future
Corporation Ltd.
Terms
and Conditions of Sale
1.
Purchase Of Goods.
Seller hereby sells to Buyer and Buyer hereby buys
from Seller, the Goods described on invoice. The
Goods, together with all replacement parts,
repairs, additions, substitutions and accessories
are hereafter collectively referred to as the
"Goods";
2.
Delivery/Installation of the Goods.
Buyer's confirmation to Seller, by means of
delivery of an Acceptance Certificate in form and
substance satisfactory to Seller, of the delivery
and installation of the Goods to and by Buyer
shall constitute Buyer's acknowledgment of its
receipt of the Goods in good working condition,
and that all installation and other work necessary
prior to use thereof has been completed. Buyer
understands that Seller will be relying upon such
confirmation by Buyer as a condition of making
payment to the supplier for the Goods;
3.
Software Sales.
Buyer undertakes to accept all License Agreements
(EULA) that form a part of the software program's
manufactured by the Seller in addition to these
Terms and Conditions of Sale;
4.
Shipping Insurance.
Buyer shall undertake to check Goods at time of
delivery by any third party freight company that
Goods are in good order and condition and are free
from any damage or defects before accepting Goods.
Acceptance of Goods by Buyer at time of delivery
shall deem that Buyer accepts Goods to be in good
order and condition and that Buyer shall not claim
purchase price or replacement of Goods from
Supplier if in fact goods are found to be damaged
in the course of shipping the Goods at any later
date;
5.
Term and Payments.
The term of this Agreement shall be secured by
Cash, Cashiers Check (Cheque) or Money Order for the full
amount owing for the Goods at the time of or prior
to delivery. Should the Buyer be purchasing Goods
through a third party finance company the Buyer
shall advise their finance company of receipt of
Goods on the same day of receipt in good order and
condition and release all moneys to Seller. All
payments are to be made in the currency of the
country of order unless otherwise and agreed to by
Future Corporation Ltd;
6.
Disclaimer of Warranties and Claims.
The Buyer acknowledges that Seller is neither the
supplier nor the manufacturer of the Goods except
software entitled VinylMaster Pro. Buyer
acknowledges that Seller makes no representations
or warranties to anyone, express, implied or
statutory (including warranties of
merchantability, condition, design, operation,
marketability, quality or fitness for any use or
purpose) as to any aspect of the Goods, or as to
whether the Goods are subject to any liens, claims
or other encumbrances. Buyer buys the Goods
"as-is". Seller shall not be liable for
any injury to Buyer or to any third person or
property, including direct, indirect,
consequential, incidental and special damages
caused by the use, ownership, manufacture,
installation, or operation of the Goods, or any
delay or failure by the manufacturer or supplier
to repair or maintain the Goods or provide parts,
or supplies for the Goods, and the Buyer
acknowledges that no such delay or failure shall
in any way affect the Buyer's obligations under
this Agreement. If the Goods do not operate as
represented by the manufacturer or supplier, or is
unsatisfactory for any reason whatsoever the Buyer
shall make any such claim solely against the
manufacturer or supplier and Buyer hereby waives
any such claim against Seller and agrees to
continue to make all payments to Seller stipulated
by this Agreement notwithstanding any such claims.
No representation or warranty by the manufacturer
or supplier is binding on Seller nor shall breach
of such warranty relieve Buyer of its obligations
to Seller. Seller hereby assigns to the Buyer, to
the extent assignable and without recourse to
Seller, all warranties from the Manufacturer to
Seller provided that if the Goods are returned to
or repossessed by Seller, all such warranties
shall be deemed to have been reassigned to Seller;
7.
Title: Personal Property.
Title to the Goods is reserved by Seller until
Seller has been paid in full for the Goods. Buyer
hereby authorizes Seller, at Buyer's expense, to
cause this Agreement, or any statement or other
instrument in respect of this Agreement showing
the interest of Seller in the Collateral,
including without limitation Personal Property
Security Act financing statements, to be filed or
recorded and grants Seller the right to sign
Buyer's name thereto. Buyer agrees to execute and
deliver any statement or instrument requested by
Seller for such purpose, and agrees to pay or
reimburse Seller for any searches, filings,
recordings, stamp fees or taxes related to the
filing or recording of any such instrument or
statement. Buyer shall at its expense keep the
Collateral free from any legal process, lien,
charge, or encumbrance and shall give Seller
immediate written notice of any claim as to the
foregoing and shall indemnify Seller from any loss
caused thereby. Buyer shall, upon Seller's
request, execute or obtain from third parties and
deliver to Seller such estoppel certificates,
landlord's waivers and such further instruments
and assurances as Seller deems necessary or
advisable for the confirmation of compliance with
the terms of this Agreement or perfection of
Seller's rights hereunder. The Goods are, and
shall at all times be and remain, personal
property notwithstanding that the Goods or any
part thereof may now be or hereafter become, in
any manner, affixed or attached to real property
or any improvements thereon;
8.
Risk of Loss.
Buyer shall bear all risks of loss or damage to
Goods from any cause from date of delivery to
Buyer;
9.
Returns/Refunds.
The Buyer acknowledges that Goods are supplied to
order and shall not be returned and refunded
without Seller's permission and inspection of the
Goods within 7 days of delivery to determine their
acceptability to the Seller for re-sale to another
party at the buyers cost. HARDWARE GOODS SHALL NOT
BE ACCEPTED IF UNPACKED BY BUYER. If Goods are
deemed as acceptable for return by the Seller the
Buyer shall pay a restocking fee of 25% of the
invoice value and all costs to return the Goods to
Seller along with any damages that the Goods may
endure upon their return. All claims made after 7
calendar days shall not be accepted by Seller. All
hardware orders cancelled prior to dispatch will
incur an administration and restocking charge of
15% of the order value regardless of
circumstances. All registered software shall be
de-registered and returned to Seller's
satisfaction prior to any refund paid by Seller to
Buyer. Any third party On-Site Warranty shall not
be refunded;
10.
Insurance.
Buyer shall keep the Goods insured against all
risks of loss or damage from every cause
whatsoever during the term of this Agreement for
not less than the full replacement value thereof,
where Buyer maintains a warranty period for any
installed software that requires registration by
the Seller and name Seller and its assignee as
loss payee. Should Buyer fail to provide such
insurance coverage, Seller may refuse to
re-register any installed software that forms any
part of the Goods;
11.
Taxes and Charges.
This Agreement is intended to be a net agreement,
and all payments net to Seller to the extent
permitted by applicable law. Buyer shall pay
directly (or, at Seller's option, reimburse Seller
for) all license fees, assessments and other
government charges, and all sales, use, excise,
franchise and any other similar taxes
(collectively, "Charges") now or
hereafter imposed, levied or assessed by any
federal, provincial or local government or agency
upon any of the Goods or upon the purchase,
ownership, use, possession, financing or operation
thereof, or upon the receipt of payments therefore
(excluding income taxes) before the same shall
become in default or subject to the payment of any
penalty of interest. Seller, at its sole option,
may assess estimated personal property tax with
each payment. Buyer shall supply Seller with
receipts or other evidence of payment of all
Charges as may reasonably be requested by Seller;
12.
Agreement Irrevocability and Other Representations
of Buyer.
BUYER'S OBLIGATIONS UNDER THIS AGREEMENT ARE
ABSOLUTE, NON CANCELABLE AND SHALL CONTINUE
WITHOUT ABATEMENT AND REGARDLESS OF ANY DISABILITY
OF BUYER TO USE THE GOODS OR ANY PART THEREOF FOR
ANY REASON INCLUDING, BUT NOT LIMITED TO WAR, ACT
OF GOD, GOVERNMENTAL REGULATIONS, STRIKE, LOSS,
DAMAGE, DESTRUCTION, OBSOLESCENCE, FAILURE OF OR
DELAY IN DELIVERY, REPAIR OR MAINTENANCE,
UNAVAILABILITY OF PARTS OR SUPPLIES, FAILURE OF
THE GOODS TO OPERATE PROPERLY, TERMINATION BY
OPERATION OF LAW, OR ANY OTHER CAUSE;
13.
Indemnity.
Buyer shall indemnify and hold Seller harmless
from and against any and all claims, actions,
suits, proceedings, costs, expenses, damages, and
liabilities, including legal fees (on a solicitor
and own client basis) arising out of, connected
with, or resulting from the Goods or this
Agreement. Such indemnity shall survive the
termination or expiration of the Agreement;
14.
Default and Remedies.
If any one of the following events shall occur (a)
Buyer fails to pay any payment hereunder when due;
or (b) Buyer fails to pay within five (5) days
when due, any sums due to Seller arising
independently of this Agreement; or (c) Buyer
fails to perform any covenants herein or in any
other agreement with Seller after 10 days written
notice; or (d) Buyer becomes insolvent, bankrupt
or makes an assignment for the benefit of
creditors; or (e) the Buyer assigns any of its
rights under this Agreement, except in accordance
with paragraph 13 hereof, Seller may, to the
extent permitted by applicable law, exercise any
one or more of the following remedies;
(i)
Declare the entire unpaid balance of payments for
the un-expired term of the Agreement immediately
due and payable and recover the present value of
all remaining payments for the balance of the term
of this Agreement discounted to the date of
default at six percent (6%) per annum;
(ii)
Charge Buyer interest on all monies due Seller
from and after the date the same is due at the
rate of twelve percent (12%) per annum, calculated
monthly, until paid but in no event more than the
maximum rate permitted by law;
(iii)
Require Buyer to return the Goods at Buyer's
expense, to a place designated by Seller and to
recover possession of all items of Goods, without
demand or notice, wherever same may be located,
without any court order or pre-taking hearing.
Buyer hereby waives any and all damages occasioned
by such retaking. Seller may, at its option, use,
ship, store, repair or recondition all Goods so
recovered and sell, lease or otherwise dispose of
any such Goods at a private or public sale, or
resell the Goods at Buyer's premises at reasonable
business hours without being required to remove
the Goods;
(iv) Deny
any further customer or technical support to the customer or customer's agents
or related third parties including but not limited to customers of the customer;
Buyer
shall also be liable for and shall pay to Seller
all expenses incurred by Seller in connection with
the enforcement of any of Seller's remedies
including all expenses of repossessing, storing,
shipping, repairing, and selling the Goods, and
Seller's reasonable legal fees and disbursements
on a solicitor and own client basis;
All
remedies of Seller hereunder are cumulative, are
in addition to any other remedies provided for by
law, and may, to the extent permitted by law, be
exercised concurrently or separately. The exercise
of any one remedy shall not be deemed to be an
election of such remedy or to preclude the
exercise of any other remedy. No failure on the
part of Seller to exercise and no delay in
exercising any right or remedy shall operate as a
waiver thereof or modify the terms of this
Agreement. A waiver of default shall not be a
waiver of any other or subsequent default;
15.
Assignment; Waiver of Defenses; Quiet Enjoyment.
Seller may, without notice or consent, assign or
transfer this Agreement or grant a security
interest in the Goods, or any other sums due or to
become due hereunder, and in such event Seller's
assignee shall have all the rights, powers and
remedies of Seller hereunder. Buyer agrees that no
assignee of Seller shall be bound to perform any
duty, covenant, condition or warranty attributable
to Seller and Buyer further agrees not to raise
any claim or defense arising out of this Agreement
or otherwise which it may have against Seller as a
defense, counterclaim, or offset to any action by
an assignee or secured party hereunder. Upon
Seller's request, Buyer will acknowledge to any
assignee receipt of Seller's notice of assignment.
Nothing contained herein is intended to relieve
Seller of any of its obligations. Buyer shall not
assign this agreement or any interests hereunder
nor enter into any transaction of sale or lease
with respect to the goods without seller's prior
written consent, which may be granted or withheld
in seller's sole discretion;
16.
Consent to Jurisdiction, Governing Law and Waiver.
Buyer consents to the personal jurisdiction of the
courts of the Country's State/Province of Seller
with respect to any action arising out of this
Agreement or the Goods. Service of process by
registered mail or by facsimile shall be deemed
the equivalent of personal service in any such
action. This Agreement shall be governed by and
construed according to the laws of the Country's
State/Province of Seller. To the extent permitted
by law, Buyer hereby waives any and all rights and
remedies granted it by the provisions of any law,
statute or regulation which would, in any manner,
affect Seller's rights and remedies hereunder;
17.
General.
This Agreement shall enure to the benefit of and
is binding upon the heirs, personal
representatives, successors and permitted assigns
of the parties hereto. Time is of the essence of
this Agreement. This Agreement contains the entire
arrangement between Seller and Buyer, and no
modification of this Agreement shall be effective
unless in writing and executed by Seller. All
covenants and obligations of Buyer to be performed
pursuant to this Agreement, including all payments
to be made by Buyer hereunder, shall survive the
expiration or earlier termination of this
Agreement. If more than one Buyer is named in this
Agreement, the liability of each shall be joint
and several. In the event any provision of this
Agreement shall be unenforceable, then such
provision shall be deemed deleted, however all
other provisions hereof shall remain in full force
and effect. All notices under this Agreement shall
be deemed given when delivered personally or when
sent by certified mail to the party intended at
its address set forth herein, or such other
addresses said party may provide in writing from
time to time.
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