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1)
All parts must be in original factory sealed packaging, new and
unused, unless otherwise approved & documented by Component Trends.
2)
Supplier acknowledges that all orders are placed with the
understanding that time is a crucial consideration.
3)
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.
4)
If substandard/counterfeit parts are supplied to fill this
order, said parts will be impounded and promptly destroyed with no financial
obligation of Component Trends to pay for the goods.
Component Trends will also notify ERAI & GEDIP that
substandard/counterfeit parts were supplied.
5)
Any late or short shipments are subject for cancellation by
Component Trends without Component Trends incurring any additional costs or
obligations.
6)
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.
7)
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.
8)
California law will govern any dispute that arises out of or
relates to this purchase order.
9)
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.
10)
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.
11)
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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