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Component Trends
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Purchase Order Terms and
Conditions
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| 1
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All
parts must be in original factory sealed packaging, new and unused, unless
otherwise approved & documented by Component Trends. |
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| 2
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Supplier
acknowledges that all orders are placed with the understanding that time is a
crucial consideration. |
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| 3
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All
materials furnished are subject to inspection. If any items or articles are
found not to meet specifications, the lot or any faulty portion may be
rejected. Before offering a lot, the supplier should eliminate any items that
do not meet the requirements of the Purchase Order specifications (i.e. Exact
Part Number, Date Code, Packaging, Labeling, Markings etc.). In the event of
part failure, parts will not be sent to a 3rd party test house and the
customers test paperwork will be the only paper work supplied for the RMA. If
the customer cannot test the parts in a timely manner, the parts will be
returned to the vendor with no penalty to Component Trends. |
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| 4
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If
substandard/counterfeit parts are supplied to fill this order, said parts will
be impounded indefinitely with no financial obligation of Component Trends to
pay for the goods as counterfeit parts have no value. Component Trends will
also notify ERAI & GEDIP that substandard/counterfeit parts were supplied. |
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| 5
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Any
late or short shipments are subject for cancellation by Component Trends
without Component Trends incurring any additional costs or obligations. |
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| 6
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Notice
must be provided, within three (3) days after receipt of this purchase order,
that you are unable to supply the complete order by the date specified. Failure
to provide notice within that time will cause you to be subject to any and all
damages incurred by Component Trends due to its failure to receive the ordered
parts in a timely fashion. |
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| 7
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The
Courts of the County of Orange County, State of California, will have exclusive
jurisdiction and venue of any dispute that arises out of or relating to this
purchase order. |
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| 8
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California
law will govern any dispute that arises out of or relates to this purchase
order. |
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| 9
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Before
any legal action is filed concerning this purchase order, you and Component
Trends agree to participate in mediation before a neutral mediator that will
last a minimum of four hours unless the matter is resolved in less that that
amount of time. |
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| 10
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If
any dispute arises between you (supplier) and Component Trends and a lawsuit is
filed, the prevailing Party will be entitled to recover their reasonable
attorney's fees and costs. |
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| 11
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The
customer or the customer's representative will be afforded the right to verify
at the supplier's premises and the organization's premises that subcontracted
product conforms to specified requirements.
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