Standard Purchase Terms and Conditions - Valspar

Standard Purchase
Terms and Conditions
1. APPLICABLE CONTRACT PROVISIONS.
a. “Buyer” means the entity issuing the Order, and any affiliates, subsidiaries, successors or assigns thereof. “Seller” means
the person, firm or company to whom the Order is addressed. “Materials” means all the products and/or services to be
supplied by Seller under the Order. “Order” means the purchase order issued by Buyer for the supply of Materials, which
may be an oral communication or a written or electronic document, and may also include particular shipping instructions
and/or other specifications required by Buyer for the Materials.
b. These terms and conditions, together with the Order, constitute an offer by Buyer to purchase the Materials from Seller
pursuant to the terms and conditions described herein. This offer is not an acceptance or a confirmation of any previous offer
or proposal from Seller, and this offer shall be deemed to be a rejection and counteroffer with respect to any previous offer or
proposal from Seller. Acceptance of any shipment of the Materials shall not be construed as an acceptance of any such
previous offer or proposal or an acceptance of any different or additional terms proposed by Seller.
c. This offer shall become an “Agreement” upon acceptance by Seller. Seller shall be deemed to have accepted this offer by
commencement of performance called for in the Order, by delivery of the Materials to Buyer, by written acceptance or
confirmation of this Agreement, or by any other act or communication constituting legal acceptance, whether or not any such
acceptance or confirmation purports to state terms additional to or different from those stated herein. Buyer hereby expressly
objects to and rejects any such additional or different provisions, and none of such provisions shall be deemed to be a part of
this Agreement unless specifically agreed to in writing by Buyer.
2. SALE OF MATERIALS.
a. Seller agrees to sell, transfer and deliver the Materials to Buyer for the purchase price set forth in the Order, subject to all
of the covenants, terms and conditions hereof.
b. Buyer agrees to purchase the Materials, subject to all of the covenants, terms and conditions hereof, and to pay Seller the
purchase price set forth in the Order. Typographical and other clerical errors in the Order are subject to correction. Buyer
reserves the right at any time to modify the Order upon notice to Seller. Upon such notice, Buyer and Seller shall negotiate
an equitable adjustment in price and/or time of performance. Buyer shall have the right to stop all or part of the work under
the Order or cancel any future delivery of any Materials upon notice to Seller.
c. Seller agrees to obtain from Buyer a purchase order number for any and all purchase orders of goods and/or services.
Seller further agrees it will clearly reference the purchase order number on the applicable invoice(s). Seller acknowledges
that any invoice submitted to Buyer that does not clearly reference Buyer’s corresponding purchase order number may be
considered invalid by Buyer and may result in delayed payment.
3. PURCHASE PRICE AND TERMS OF PAYMENT.
a. Materials shipped against this Agreement shall be invoiced at the price set forth in the Order. Unless otherwise specified
on the Order, payment of the purchase price shall be due seventy-days after the later of Buyer’s receipt of Seller’s correct
invoice for such shipment or the date on which the Materials are received by Buyer. Seller agrees that it will take no adverse
action against Buyer for any invoices not paid resulting from Seller’s failure to obtain or clearly reference purchase order
numbers on the applicable invoices or accurately invoice Buyer.
b. The purchase price for the Materials shall include all taxes, customs duties, customs fees or other governmental charges
due with respect to the Materials. Buyer shall, however, pay for any taxes that it is statutorily required to pay. Seller shall
provide Buyer with documentation satisfactory to Buyer that establishes Buyer’s statutory liability to pay such taxes. If
Seller fails to provide such documentation, Buyer shall not be obligated to pay any such taxes.
c. Seller shall be responsible for all shipping and insurance costs, including without limitation, packing, crating, cartage and
freight costs.
d. Buyer may set off any amount owing at any time from Seller to Buyer or any of its affiliates against any amount payable at
any time by Buyer.
Page 1/4
Free Download

Standard Purchase Terms and Conditions - Valspar PDF

Favor this template? Just fancy it by voting!
  •  
  •  
  •  
  •  
  •  
(0 Votes)
0.0
Related Forms
  •  
  •  
  •  
  •  
  •  
4 Page(s) | 1331 Views | 10 Downloads
  •  
  •  
  •  
  •  
  •  
8 Page(s) | 1962 Views | 4 Downloads
  •  
  •  
  •  
  •  
  •  
17 Page(s) | 3831 Views | 19 Downloads
  •  
  •  
  •  
  •  
  •  
5 Page(s) | 1531 Views | 11 Downloads
  •  
  •  
  •  
  •  
  •  
38 Page(s) | 4595 Views | 5 Downloads