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|The terms, policies and conditions (collectively known as "Conditions") described below govern the use of this site (referred to as "Industrial Axle Company, LLC" or "site"). Your use and/or placement of any order indicate your acceptance of these Conditions. Industrial Axle Company, LLC. of IN.|
The following terms and conditions will govern the offer
and sale of all Goods, unless other terms are specified in the Quotation, the
front of the invoice, Seller price lists or schedules (collectively “Terms”).
Buyer accepts these Terms by placing an Order. Any other terms and conditions
of Buyer are rejected, including those on Orders.
Definitions. “Buyer” and
“Seller are identified on the Quotation
or invoice. “Goods” are all goods, materials and services listed on a
Quotation or invoice. “Order” means a Buyer’s commitment to purchase Goods from
Seller. “Quotations” are issued by Seller to Buyer to offer the sale of Goods
and are valid for a period of 30 days only from their date of issue.
Prices and Payment. Prices shown
do not include charges for special packaging. Prices and Terms are subject to
change without notice. The Buyer shall be responsible for any customs duties,
clearance charges, taxes, broker’s fees and other amounts payable in connection
with importation and delivery of the Goods. Unless specifically stated, prices
do not include sales, use, excise or other similar taxes or duties. If Seller
is required to pay any taxes on the Goods or services furnished hereunder, then
such taxes will be paid by Buyer in addition to the prices stated. Payment
terms, subject to credit approval, are: Due net thirty (30) days from invoice
date. Time for payment is of the essence. No payment shall be deemed to have
been received until Seller has received cleared funds. If Seller delivers Goods
to Buyer in lots, Seller may invoice Buyer for each lot. Buyer must make all payments due in full
without any deduction, whether by way of set-off, counter-claim, discount,
abatement or otherwise. If the Buyer fails to pay Seller any sum due, Buyer will
be liable to pay interest at an annual rate of 18%, accruing on a daily basis
until payment is made.
Delivery. Goods are
sold f.o.b. shipping point. Delivery times
are estimates. Seller’s maximum liability for non-delivery of Goods is
limited to the purchase price of the Goods. Loss, damage, shortage or other
non-conformities must be reported within 10 days from date of delivery unless
the carrier requires a shorter time. Delivery of 10% over or under the quantity
ordered constitutes fulfillment of the Order. Within the 10% range, Buyer will
pay for any excess or be credited for any deficiency. All samples, drawings,
descriptive matter, specifications and advertising issued by Seller and
contained in Seller’s catalogues or brochures are issued or published for the
sole purpose of giving an approximate idea of the Goods described in them. They
shall not form part of the Order.
Title. Title to the
Goods will pass to the Customer upon payment in full. Until title has passed to
the Buyer, the Buyer will: (a) hold the Goods on a fiduciary basis as Seller’s
bailee; (b) store the Goods separately from all other goods; and (c) maintain
the Goods in good condition. The Buyer
grants Seller the right at any time to enter any premises where the Goods are
or may be stored in order to inspect or
recover the Goods.
No Cancellation. Buyer may
not cancel Orders.
Information. All technical and/or business information disclosed by a
party which is either expressly identified
as confidential or by its nature is implicitly confidential will be kept
in strict confidence by the receiving party and not used by the receiving
party, other than for the purposes of manufacture, sale, purchase or use of the
Goods or to perform its obligations hereunder. This section shall survive indefinitely.
No License. The sale of
Goods does not convey a license, express or implied, to use any Seller
trademark or trade name and Buyer will not use any Seller trademark or trade
name in connection with any Goods, other than with respect to resale of Goods
pre- marked or packaged by or on behalf of
Seller-owned tooling, equipment and materials which are kept on Buyer’s
premises will be held by Buyer on a bailment basis for Seller’s benefit.
Patents. Subject to
these Terms, Seller will defend Buyer from third party claims that the use or
sales of Goods infringe any validly issued United States patent. Seller will
not defend Buyer against claims for infringement due to: (a) the use of Goods
in combination with other products or materials or otherwise than as intended
or specified by Seller, or (b) the compliance by Seller with any specifications
provided by Buyer. Seller may, in its sole discretion, elect to obtain a
license to modify or replace the Goods to render them non-infringing. This
indemnity is subject to: (y) Buyer’s immediate written notification to Seller
of the claim; and (z) Buyer giving Seller sole control of the defense of the
claim and all reasonable assistance in connection with the claim. Buyer may not
admission as to
liability or compromise
or agree to settlement of any claim without Seller's prior written consent. This section states Buyer's sole remedies for infringement claims.
LIABILITY. SELLER WILL NOT BE LIABLE FOR SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE OR
CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF
PROFITS, BUSINESS INTERRUPTION OR ANY OTHER LOSS), AS A RESULT OF THE OFFER,
SALE OR USE OF GOODS, WHETHER BASED IN CONTRACT, NEGLIGENCE, TORT, WARRANTY OR
OTHER WRONGFUL ACT OR OMISSION OF SELLER AND EVEN IF SELLER HAS BEEN ADVISED OF
THE POSSIBILITY OF SUCH DAMAGES. SELLER’S TOTAL LIABILITY IN CONTRACT, TORT
(INCLUDING NEGLIGENCE OR BREACH OF STATUTORY DUTY) MISREPRESENTATION OR
OTHERWISE ARISING OUT OF OR IN CONNECTION WITH THE ORDER SHALL NOT EXCEED THE
TOTAL PRICE PAID TO SELLER PURSUANT TO THE ORDER UNDER WHICH LIABILITY AROSE.
Force Majeure. Seller will
not be liable for failures or delays caused by events beyond its reasonable control.
No Assignment. Quotations and
Orders are not assignable or transferable by Buyer, in whole or in part, except
with Seller’s prior written consent.
No Waiver. Failure by
either party to require performance by the other party or to claim a breach of
any provision of these Terms will not be construed as a waiver of any right,
including the right to require subsequent performance or contest any subsequent breach.
Governing Law. These Terms
shall be construed in accordance with and governed by the laws of the country,
state, province or local jurisdiction of the entity supplying the Goods. If any
provision of the Order should be found by a court of competent jurisdiction to
be invalid, the remaining provisions of the Order shall survive and be
construed in a manner consistent with the intent of the Order. The United
Nations Convention on Contracts for the International Sale of Goods shall not
apply. Export of the Goods contrary to U.S. law is prohibited.
Attorney Costs and
Fees: If Seller is required to bring any legal action against Buyer to
enforce this Agreement, Seller will be entitled to recover reasonable attorneys’ fees and costs from the Buyer.
Limited Warranty. Unless stated
otherwise in the Quotation, Seller warrants to Buyer that the Goods covered by
this Agreement are subject to the product line specific Limited Warranty.
Copies are available upon request. This warranty does not extend to (a) any
defects or losses due to misuse, accident, abuse, neglect, normal wear and
tear, or improper installation, maintenance or application, or (b) any recall
or labor charges for removal and/or replacement of the defective Goods. This
warranty is subject to the limitation of liability stated above. The sole and
exclusive remedy of Buyer under this warranty will be the replacement of Goods
proved defective with conforming Goods. THE FOREGOING WARRANTY IS EXCLUSIVE AND
IN LIEU OF ALL OTHER WARRANTIES EXCEPT THAT OF TITLE, WHETHER WRITTEN, ORAL OR
IMPLIED, IN FACT OR IN LAW (INCLUDING ANY WARRANTY OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE).
Returns: Except as provided
in the Warranty stated herein with regards to warranty claims, all Goods sold
are final and no returns will be accepted
without Seller’s written