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Terms & Conditions

  • ImaxTech Electronics Sdn Bhd 
  • Imax Technologies (Thailand) Co., Ltd 

STANDARD TERMS AND CONDITIONS OF SALE

1.     INTERPRETATION

"Buyer" - means the persons who accepts a quotation of the Seller for the sale of the Goods or whose order for the Goods is accepted by the Seller.
"Seller"   - means Imaxtech Electronics Sdn Bhd (registered in Malaysia under company registration number 557400-T).
"Goods"  - means the Goods (including any instalments of the Goods or any parts for them) which the Seller is to supply in accordance with these Conditions.
"Conditions" - means the standard terms and conditions of sale set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller.
"Contract"   - means the contract for the purchase and sale of the Goods.

2.     BASIS OF THE SALE

2.1  The Seller shall sell and the Buyer shall purchase the Goods in accordance with any written quotation of the Seller which is accepted by the Buyer, or any written order of the Buyer which is accepted by the Seller, subject in either case to these Conditions, which shall govern the Contract to the exclusion of any other terms and conditions subject to which any such quotation is accepted or purported to be accepted, or any such order is made or purported to be made, by the Buyer.
2.2 No variation to these Conditions shall be binding unless agreed in writing between the authorized representatives of the Buyer and the Seller. In the case of the Seller, the level of authority required is Director.

3.     NON-CANCELLABLE, NON-RETURNABLE, NON-MODIFIABLE AND NON-RESCHEDULABLE GOODS

3.1  If the Goods is identified or classified as Non-Cancellable, Non-Returnable, Non-Modifiable and/or Non-Reschedulable in the Seller's quotation or in the Buyer's order (accepted by the Seller), the Contract constitutes a firm and binding order for the entire quantity of Goods specified of which are non-cancellable and non-modifiable by the Buyer, non-reschedulable beyond the scheduled delivery dates, and the Goods is non-returnable by the Buyer for any reason whatsoever including but not limited to, reasons due to force majeure.
3.2 The Buyer's obligations and liabilities to the Seller shall be the aggregate of the full purchase price of the Goods regardless of whether the Goods (i) have been shipped to the Buyer and/or (ii) held in the Seller's inventory and/or (iii) manufactured, in whole or in part by the Seller's supplier.

4.     ORDER AND SPECIFICATIONS

4.1 No order shall be binding on the Seller unless and until confirmed in writing by the Seller's authorized representatives.
4.2 Minimum order quantities per line item are specified at the time of enquiry or order.
4.3 The Seller reserves the rights to impose minimum order quantities per line or minimum order values per order.
4.4 No order which has been accepted by the Seller may be cancelled or amended by the Buyer except with the agreement in writing of the Seller and on terms that Buyer shall indemnify the Seller in full against all loss including loss of profit, costs (including the costs of all labour and material used), damages, charges and expenses incurred by the Seller as a result of cancellation.

5.     PRICE OF THE GOODS

5.1 The price of the Goods shall be the Seller's quoted price. The validity of quotations must be considered to be correct at the time of issue only. Quotations may be changed due to quantity adjustment, currency fluctuations, prior sale, manufacturer price revision or product withdrawal. Subsequent alterations may be applied by the Seller without giving notice to the Buyer.
5.2 The Seller reserves the rights, by giving notice to the Buyer at any time before delivery, to increase the price of the Goods to reflect any increase of the cost to the Seller which is due to:
5.2.1  any factor beyond the control of the Seller (such as without limitation any foreign exchange fluctuation, currency regulations, alterations of duties significant increase in the costs of labour, materials or other costs of manufacture); or
5.2.2  any change in the delivery dates, quantities or specifications for the Goods which is requested by the Buyer or any delay caused by any instructions of the Buyer to give the Seller the adequate information or instructions.
5.3 The price is exclusive of any applicable value added tax, which the Buyer shall be additionally liable to pay to the Seller.

6.     TERMS OF PAYMENT

6.1 Subject to any special terms agreed in writing between the Buyer and the Seller, the Seller shall be entitled to invoice the Buyer for the price of Goods on or at any time after delivery of the Goods.
6.2 The Buyer shall pay the price of the Goods without any deduction within the credit terms allowed by the Seller in writing, and the Seller shall be entitled to recover the price, notwithstanding that delivery may not have taken place and the property in the Goods has not passed to the Buyer. The time of payment of the price shall be of the essence of the Contract.
6.3 If the Buyer fails to make any payment on the due date, then, without prejudice to any other rights or remedy available to the Seller, the Seller shall be entitled to:
6.3.1 Cancel the Contract or suspend any further deliveries to the Buyer whether under the same Contract to which the failure relates or under any other Contract; and/or
6.3.2 Appropriate any payment made by the Buyer to such of the Goods (or the Goods supplied) under any other Contract between the Buyer and the Seller.
6.4 In the event the Buyer fails to settle the price of Goods according to the agreed payment terms, the Seller shall charge and levy interest at the rate of 9% on the outstanding sum calculated on daily rate basis and this not without prejudice to the Seller's other rights and remedies herein or in law
6.5 It shall not be a ground for the Buyer to deduct or withhold any payment of the price of Goods on any alleged breach of the warranty or other provisions of this Contract.

7.     DELIVERY

7.1 Delivery of the Goods will be affected by the Seller or its carrier delivering the Goods to the Buyer's address as notified at time of order, or at the discretion of the Seller delivery of the Goods may be made by the Buyer collecting of the Goods at the Seller's premises, at any time after the Seller has notified the Buyer that the Goods are ready for collection.
7.2 Any dates quoted for delivery of the Goods are approximate only and the Seller shall not be liable for any delay in delivery of the Goods howsoever caused.
7.3 The Buyer shall not be entitled to reschedule the delivery unless a written request is made by the Buyer and it is accepted by the Seller.
7.4 Where the goods are to be delivered in instalment, each delivery shall constitute a separate contract and any default by the Seller relating to any one or more of the instalment (whether in respect of delivery, quality or otherwise) shall not entitle the Buyer to treat the Contract as a whole as repudiated.

8.     OWNERSHIP IN GOODS

The ownership in Goods shall not be transferred to the Buyer until the Buyer has made payment in full to the Seller for such Goods and related charges.

9.     WARRANTIES AND LIABILITIES

9.1 Subject to the conditions set out below the Seller warrants that the Goods will correspond with their specifications at the time of delivery and will be free from defects in material and workmanship for a period of 7 days from delivery, whichever is the first to expire.
9.2 The above warranty is given by the Seller subject to the following conditions:-
9.2.1 The Seller shall be under no liability in respect of defects in the Goods arising from any drawing, design or specifications supplied by Buyer or from fair wear and tear, willful damage, negligence, abnormal working conditions, failure to follow the Seller's instruction (whether oral or in writing), misuse or alteration or repair of the Goods without the Seller's approval.
9.2.2 The above warranty does not extend to parts, materials or equipments not manufactured by the Seller, in respect of which the Buyer shall only be entitled the benefit of any such warranty or guarantee as is given by the manufacturer to the Seller. In such event, the Buyer acknowledges that the Seller is acting solely as a third party distributor or reseller and the manufacturer or licensor of the Goods shall be solely responsible to the Buyer and any third party for all liability, claims, damages, obligations, costs and expenses arising from the Goods. In no event shall the Seller be responsible or liable to the Buyer or any third party for any direct, indirect, incidental, consequential, general, exemplary or special damages.
9.2.3 Any claims by the Buyer which is based on shortage or any defect in the quality or conditions of the Goods or their failure to correspond with specification shall (whether or not delivery is refused by the Buyer) be notified to the Seller within 7 days from the date of delivery or (where the defect or failure was not apparent on reasonable inspection) within a reasonable time after discovery of the defect or failure and the Buyer shall be bound to pay the price as if the Goods has been delivered in accordance with the Contract.
9.2.4 Where any claim in respect of any of the Goods which is based on any defect in the quantity or condition of the Goods or their failure to meet specification is notified to the Seller in accordance with these Conditions, the Seller shall be entitled to replace the Goods (or the part in question) free of charge or, at the Seller's sole discretion.
9.2.5 Goods returned to the Seller by the Buyer will remain at the risk of the Buyer unless prior agreement has been reached by both parties. It is additionally, the responsibility of the Buyer to ensure that returned Goods are correctly packaged and all necessary associated documentation is included.
9.2.6 The Seller shall not be liable to the Buyer or be deemed to be in breach of the Contract by reason of any delay in performing, or any failure to perform, any of the Seller's obligation in relation to the Goods, if the delay or failure was due to any cause beyond the Seller's reasonable control including (without limitation) any delay, default or failure in this part of the supplier(s) or ultimate supplier(s) who supply directly or indirectly the Goods to the Seller for resale to the Buyer.
9.2.7 Save as agreed herein and to the extent permitted by law, all other warranties expressed or implied are expressly disclaimed and excluded, including implied warranties or merchantability and fitness for a particular purpose and of all other obligations or liability.
9.2.8 Any statement or information provided by Seller as to the products compliance with applicable law (including without limitation, that products are PB-FREE OR ROHS COMPLIANT), is derived by supplier from its suppliers or the manufacturer and supplier does not warrant its accuracy and will not be liable for any error with regard to such  information.  Buyer agrees to use this information at its own risk.

10.   INSPECTION AND RETURN OF GOODS

10.1 The Buyer shall inspect all Goods promptly upon receipt and may reject any Goods that are damaged, defective, or fail in any material way to meet the manufacturer's specifications. To reject any Goods, the Buyer must notify Seller in writing of its rejection within 7 days of the receipt of the Goods and request a Return Material Authorization ("RMA") number from the Seller. Unless the Buyer notifies the Seller in writing of the Buyer's rejection and the reason therefore, the Goods shall be conclusively presumed to be accepted. Within 10 days after receipt of the written RMA number, the Buyer shall return to the Seller the rejected Goods, freight prepaid, with the RMA number displayed on the outside of the carton. The Seller reserves the right not to accept any rejected Goods where the RMA number is not displayed.
10.2 If the Goods furnished by the Seller fail to conform to this Agreement, the Seller's sole and exclusive liability shall be, at Seller's option, to replace such Goods, refund the purchase price, or credit Buyer's account, provided that (a) the Seller is notified in writing within the time period set out above, with a detailed explanation of any alleged deficiencies, (b) such Goods are returned to the Seller, and (c) Seller's examination of such Goods disclose to the Seller's satisfaction that such alleged deficiencies actually exist and were not caused by accident, misuse, neglect, alteration, damage in transit, mishandling, improper installation, repair or improper testing.

11.   INDEMNIFICATION

11.1 If any claim is made against the Buyer that the Goods infringe or that their use or re-sale infringes the patent, copyright, design, trade mark or other industrial or intellectual property rights of any other person, the Seller shall indemnify the Buyer against all loss, damages costs and expenses awarded against or incurred by the Buyer in connection with the claim, or paid by the Buyer in settlement of the claims, subject to the following conditions satisfactory to the Seller:
11.1.1 The Seller is given full control of any proceedings or negotiations in connection with any such claim;
11.1.2 The Buyer shall give the Seller all reasonable assistance for the purposes of any such proceedings or negotiations;
11.1.3 Without prejudice to any duty of the Buyer according to the law, the Seller shall be entitled to require the Buyer to take such steps as the Seller may reasonably require to mitigate or reduce any such loss damages, costs or expenses for which the Seller is liable to indemnify the Buyer under this Clause; and
11.1.4 The Seller shall be entitled to the benefit of, and the Buyer shall accordingly account to the Seller for, all damages and costs (if any) awarded in favour of the Buyer which are payable by agreed with the consent of the Buyer (which consent shall not be unreasonable withheld) to be paid by other party in respect of any such claim.
11.2 The Seller shall not be liable for any loss of revenue or opportunity or consequential, special, punitive, incidental, indirect or economic loss or damage directly or indirectly arising from the following circumstances or any other circumstances or cause not specifically mentioned herein:
11.2.1 delivery delays beyond the estimated delivery date;
11.2.2 incompatibility of the Goods with another equipment/component which the Buyer wishes to use in conjunction with that supplied by the Seller;
11.2.3 death or injury to person or property damage arising from the use of the Goods;
11.2.4 any breach of Contract or tort or negligence or failure of any kind on the part of the Seller or Seller's employees;
11.2.5 any breach of Contract or tort or failure of any kind on the part of the Buyer as a result of any of the above; or
11.2.6 any shortage or any defect in the quality, quantity  or conditions of the Goods or their failure to meet specification.

12.   LIMITATION OF LIABILITY

The Seller's liability for any claim of any kind, or for any loss or damage arising out of or in connection with or resulting from the Agreement, or from the performance or breach thereof, shall, in any case, not exceed the contract price of Service or purchase price of Goods and shall exclude any loss of revenue or opportunity or consequential special, punitive, incidental, indirect or economic loss.

13.   NO WAIVER OF RIGHTS

The Buyer undertakes and confirms to the Seller that no failure or delay on the part of the Seller to exercise any power or right under the Agreements shall constitute a waiver thereof, nor shall any single or partial exercise by the Seller of any power or right hereunder preclude any other or further exercise thereof or the exercise of any other right. 

14.   GOVERNING LAW AND COMPLIANCE WITH LAWS

14.1 The Contract and the entire terms and conditions herein shall be governed by the laws of Malaysia excluding its conflict of laws provisions and the Seller and the Buyer shall submit to the exclusive jurisdiction of the Courts of Malaysia. The provisions of the United Nations Convention on Contracts for the International Sale of Goods shall not apply to this Agreement.
14.2 In performance of its obligations hereunder, the Buyer shall comply with laws of Malaysia for all intent and purpose, unless stated otherwise. The Buyer shall defend, indemnify, and hold harmless the Seller, its directors, officers, employees and agents harmless from any loss, liability, damages or costs, including court costs or attorney's fees, resulting from Buyer's actual or alleged noncompliance.
14.3 The rights, duties and obligations of the parties and the validity, interpretation, performance and legal effect of this Agreement shall be governed and determined by the laws of Malaysia and the parties hereby submit to the non exclusive jurisdiction of the Malaysian Courts.

15.   INSOLVENCY

This Clause applies if:-

15.1 Buyer makes any voluntary arrangement with its creditors or (being and individual or firm) becomes bankrupt or (being a company) becomes subject to an administration order goes into liquidation (otherwise than for the purpose of amalgamation or reconstruction), or
15.1.1 An encumbrancer takes possession, or an administrator or administrative receiver is appointed, of any of Buyer's property or assets; or
15.1.2 Buyer ceases, or threatens to cease, to carry on business; or
15.1.3 Seller reasonably apprehends that any of the events mentioned above is about to occur in relation to the Buyer and notifies Buyer accordingly.
15.2 If this clause applies then, without prejudice to any other right or remedy available to Seller, Seller shall be entitled to terminate the Agreement or suspend any further deliveries without any liability to Buyer, and if the Goods or Services have been delivered but not paid for, the price shall become immediately due and payable by the Buyer notwithstanding any contrary agreement.
15.3 Notwithstanding anything to the contrary herein, if, in the judgment of Seller, the financial condition of the Buyer at any time does not justify continuance of shipment, the Seller may require full or partial payment in advance.

16.   EXPORT TERMS

16.1 The Buyer shall responsible for complying with any registration or regulations governing the import of the Goods into the country of destination and for the payment of any applicable taxes and duties thereon.
16.2 Payment of all amounts due to the Seller shall be made in cash or telegraphic bank transfer or by bankers order drawn on a bank in Malaysia acceptable to the Seller prior to delivery.

17.   ENTIRE AGREEMENT

17.1 These Conditions and the price, quantity and Goods details in the Seller's invoice for the relevant Goods/Services shall constitute the entire agreement between the parties with respect to the supply of such Goods or Services; and may not be rescinded or terminated by Buyer unless provided therein.
17.2 The provisions of the entire agreement supersede all prior oral and written quotations, agreement, and understandings of the parties with respect to the subject matter thereof. Seller may amend to these Conditions by giving notice in writing to the Buyer.
17.3  If any provision of these Conditions is held to be invalid or unenforceable by any court having competent jurisdiction, this shall be treated as severable, and it shall not affect the validity and enforceability of the remaining Conditions, which shall remain in full force and effect.
17.4 The Buyer shall not assign or transfer any of Buyer's rights or obligations under the Contract between Buyer and Seller unless otherwise agreed by the Seller in writing.
17.5 The Buyer acknowledges and agrees that any terms and conditions set forth on any purchase order or other documents submitted by the Buyer which are different than or conflict with the terms and conditions herein are hereby rejected by the Seller and are superseded by the terms and conditions herein which shall govern in all respects.

18.   FORCE MAJEURE

The Seller shall not be liable for delays in performance of its obligations under the terms herein when caused by any of the following which are beyond the actual control of the Seller: acts of God, acts of the public enemy, acts of terrorism, acts or failure to act by Buyer, acts of civil or military authority, governmental priorities, strikes or other labour disturbances, hurricanes, cyclones, tornados and storms of a similar nature, earthquakes, fires, floods, epidemics, embargoes, war and riots.

IMT(MY)-SLS-FORM-02 REV 00 (STANDARD T&C OF SALE)


STANDARD TERMS AND CONDITIONS OF PURCHASE

This Purchase Order constitutes the sole and entire agreement (hereinafter called the "Agreement") between Imaxtech Electronics Sdn Bhd (hereinafter called the "Buyer") and the supplier (hereinafter called the "Seller").

1.     DEFINITIONS

In this Purchase Order the capitalized terms shall be defined as follows:d

"Custom Items - means any goods manufactured exclusively for the Buyer in accordance with specifications or custom required by the Buyer.
"Goods" - means goods as specified in the Purchase Order, including both Custom Items and Standard Items.
"Standard Items" - means those items which the Seller offers for sale to other customers or stocks in its inventory in the normal course of business.
"Services" - means services that the service provider is to perform as specified in the Purchase Order.
"Specifications" - means either a detailed exact statement of particular Goods prescribing the materials, dimensions and other details of the Goods including but not limited to colour, pattern, drawings, design, samples, standards and composition or description of the Goods or a detailed exact statement of particular Services.

2.     TERMS AND CONDITIONS OF ORDER

2.1 This Purchase Order is an offer by Imaxtech Electronics Sdn Bhd to purchase from the Seller the Goods or Services upon the terms and conditions stated herein.
2.2 The Seller shall provide written, telegraph or facsimile notice of acceptance or rejection of the Purchase Order and the related delivery schedule(s) within three (3) business days after the receipt of the Purchase Order provided, however, that the Seller's commencement or performance shall be deemed an acceptance of the terms and conditions stated herein.
2.3 Any proposal by the Seller for additional or different terms or any attempt by the Seller to vary in any degree of the terms and conditions in this offer is hereby rejected.
2.4 The terms and conditions of this Purchase Order represent the complete contract of the Parties and no other terms or conditions or oral promise or commitment related to it shall bind Buyer or be effective unless committed to writing and signed by both Parties.

3.     PRICING

3.1 Prices set forth in this Purchase Order or any exhibit(s) referenced thereon shall remain fixed for the duration of this Purchase Order except as provided herein.
3.2 The Seller warrants that the prices charged for Standard Items ordered do not exceed the Seller's lowest prices charged at the time of delivery to the Seller's other customers with similar quantity and delivery requirements.
3.3 If the Seller decrease prices for Standard Items furnished hereunder to any other customers of the Seller for like quality or quantity, the price of all such unshipped Standard Items hereunder shall be adjusted to such lower price for the duration of this Agreement.

4.     PRODUCT SPECIFICATIONS AND CHANGES

4.1 The Seller shall not modify, deviate from or make any changes whatsoever in Specifications without the Buyer's prior written consent.
4.2 The Buyer reserves the right at any time on written notice to Seller to change the Specifications, method of packing or shipment and/or the place of delivery.  If any such change materially increases or decreases the cost or time of delivery of any item, the Seller and Buyer will negotiate and make equitable adjustment of the cost and/or delivery schedule, and the Buyer will memorialize such adjustment in a written change order.
4.3  The Seller shall compensate the Buyer for any loss, liability, damages, costs and expenses arising from or in connection with any change to the Goods or Services made or provided without prior written notice to and/or prior written consent of the Buyer.

5.     QUALITY OF GOODS AND SERVICES

5.1 The Seller warrants to the Buyer that the Goods and Services to be provided shall:
5.1.1 be free from any defect;
5.1.2 conform with quantity, quality and description with the Purchase Order and any Specifications or standards stated or referred to in the Purchase Order and document attached thereto;
5.1.3 be of first class materials and workmanship throughout and be executed with reasonable care and skill by properly qualified and experienced persons;
5.1.4 be genuine or made of genuine components/materials;
5.1.5 be equal in all respects to any Specifications or demonstrations provided or given by either Party;
5.1.6 be capable of any standard or performance specified in the Purchase Order and document attached thereto;
5.1.7 if the purpose for which they are required is indicated in the Purchase Order, either expressly or by implication, be fit for that purpose; and
5.1.8 comply with any statutory rules or regulations that may be in force relating to the Goods and/or Services.
The warranties above shall be valid for a period of 1 year or such longer period as the Seller and Buyer may agree in writing.
5.2 The Seller will keep the Buyer indemnified in respect of all loss, damage, injury, costs and expenses which result directly or indirectly from defective Goods, nonconformity, workmanship, design or Services supplied or provided by the Seller or any other defect or fault in the production of the Goods and performance of the Services and in addition the Seller will repair, replace or reinstate at the Buyer's option, any defective item or items free of charge.
5.3 The Seller agrees and consents to the Buyer assigning and/or transferring the benefit of the warranties in Clause 5.1 herein to any third parties including but not limited to any party which purchases the Goods or Services from the Buyer.

6.     DELIVERY AND SHIPPING TIME IS OF THE ESSENCE IN THIS PURCHASE ORDER

Buyer may terminate this Purchase Order without penalty or liability if delivery is not made or services are not performed by the date(s) specified. No change in the scheduled delivery date is permitted without Buyer's written consent. Partial shipments are not authorized and Buyer reserves right to return and early (by more than five (5) business days) or excess deliveries to Seller at Seller's risk and expense.  No acceptance or late items will waive Buyer's right with respect to such late delivery nor shall it be deemed a waiver of future compliance with the terms hereof. All items shall be adequately packed in a manner which follows good commercial practice and protect them against damage or deterioration. The Seller shall mark all containers with necessary lifting, handling and shipping information, Purchase Order number, date of shipment, and the name of the Buyer and Seller.  Packing slips shall be included with each delivery indicating the line item number, description, quantity, Purchase Order number and the date of shipment. The Buyer shall instruct the Seller on the method of shipment.  Seller shall use its best efforts to consolidate shipments where possible to reduce shipping costs.

7.     INSPECTION, TESTING AND WARRANTY

7.1 Final inspection, test and acceptance of the Goods by the Buyer will be at the Buyer's premises/appointed third party from which this Purchase Order originates unless otherwise specified.
7.2 Seller warrants that the goods shall comply with the applicable Specifications and drawings that shall be agreed upon by both parties.
7.2.1 Seller shall be obliged to ensure that the Goods shall be free from defects, materials, workmanship and manufacture,
7.2.2 the Goods shall conform to the documentation and the application Specifications, drawings, samples or other descriptions set forth in our Purchase Orders,
7.2.3 the Services will be performed in a professional manner,
7.2.4 Goods shall be suitable for the purposes for which the Goods are intended, and
7.2.5 all Goods are new and unused, unless otherwise specified and agreed.
7.3 Any Goods not accepted by the Buyer will be returned to the Seller at the Seller's risk and expense, for credit at the full price, but without prejudice to any other rights of the Buyer as herein contained or as conferred by law.  No inspection or test shall constitute acceptance of the item or affect any liability of the Buyer under the contract.
7.4 The Buyer reserves the right at its option either to reject any Goods or Services in whole or in part (whether or not the same have been delivered to and accepted by the Buyer) or to cancel the Purchase Order or any part of the Purchase Order or to delay an acceptance of the whole or any part of it without any further payment or charge for storage or delay in any of the following circumstances:
7.4.1 failure by the Seller to comply strictly with the description, Specifications and drawing relating to Goods to be supplied or Services to be carried out and/or failure to comply with any Malaysian or other standard specification where applicable;
7.4.2 If the Goods or Services are below the specified standard or fail to pass any inspection or test in accordance with these conditions; or
7.4.3 If the Seller otherwise fails to comply in all respect with any of its obligations under these conditions.

8.     PERFORMANCE

8.1 Unless otherwise agreed in writing, any time or period given, delivery, dispatch, performance or completion shall be of the essence. The Seller shall immediately notify the Buyer of any apprehended delay in delivery, dispatch, completion or performance.
8.2 The Buyer reserves the right to reject the Goods or Services not delivered or performed on time, and/or to cancel the whole or any part of the Purchase Order of which such Goods or Services form part and/or to return any Goods already delivered which by virtue of such rejection or cancellation are no longer of use. Such rights of rejection, cancellation or return shall be available to the Buyer irrespective of the cause of delay without prejudice to the Buyer's rights to damages and any other remedies against the Seller for breach of contract and without any liability of whatever nature on the Buyer.

9.     CHANGES

The Seller shall not make any changes whatsoever in the colour, specification, design or composition of the Goods or Services without the prior written consent of the Buyer.

10.   INVOICES AND PAYMENT

10.1 Separate invoices shall be prepared for each delivery and shall only include items on this Purchase Order.
10.2 All invoices shall be in four (4) copies and shall include the Buyer's Purchase Order number, line item number, part number, description of the item(s), quantities delivered, unit and total price and extended totals.
10.3 Payment of such invoices shall not constitute acceptance. Invoices will not be processed for payment, and payment shall not be due until all items invoiced are received and the invoices submitted conform with the applicable order and document attached thereto.
10.4 The Buyer shall have the right to apply credits due to rejection of items or discrepancies on paid invoices against any outstanding invoices, provided that the Buyer sends to Seller written notice and explanation of the application of such credits.

11.   INDEMNIFICATION

11.1 The Seller shall indemnify and keep the Buyer fully indemnified (except in respect of designs provided by the Buyer) against all claims of whatsoever nature (including those for royalties, damage or other losses) directly or indirectly arising from or consequential upon any infringement of any and all intellectual property rights including but not limited to patent right, trademark rights, and copyrights, and patterns, registered designs, design rights, articles or processed pursuant to the Purchase Order.
11.2 The Seller will keep the Buyer indemnified against any claim in respect of loss or damage to any moveable or immoveable property of any nature or type whatever of the Buyer or any third party, and against any claim in respect of the death of or personal injury to any person whether in contract or tort, or otherwise arising under common law, statute, or otherwise as a result of breach of any statutory or common law duty, or of any act or omission on the part of the Seller, or any of its employees, assignees or agents, or as a result of the performance or non-performance of the Purchase Order or otherwise of however arising whenever such loss, damage, death or personal injury occurs (including but not limited to the Buyer's premises).

12.   TERMINATION

12.1 The Buyer may terminate this Agreement in whole or in part, for cause, at no change to the Buyer's rights and no further liabilities or obligations to the Seller, upon the occurrence of any of the following events of default ("Events of Default"):
12.1.1 the Seller fails to provide refunds for, or replace or correct defective items;
12.1.2 the Seller fails to provide the Goods or Services conforming to the Specifications or Purchase Order; or
12.1.3 the Seller fails to perform any other obligations hereunder.
12.2 If the Seller being an individual becomes bankrupt or insolvent or has a receiving order made against him or compounds with his creditors, or being a company is wound up or becomes insolvent or has a receiver or administrative receiver appointed or suffers the appointment or the presentation of a petition for the appointment of an administrator, the Buyer shall be at liberty (but not bound) at any time after that:
12.2.1 to cancel all or any part of the order immediately by notice and to collect immediately all materials, goods, tools and articles of any description sent to the Seller for any purpose; or
12.2.2 to give the Seller or the receiver, liquidator or the other person the option of carrying on with the Purchase Order subject to his providing a guarantee up to an amount to be agreed for the due and faithful execution of the Purchase Order.
12.3 Upon termination of this Purchase Order for cause, if requested by the Buyer, the Seller will transfer title and deliver to Buyer:
12.3.1 any completed items requested in writing by the Buyer, and/or
12.3.2 any partially completed items and all unique materials requested in writing by the Buyer. Prices for partially completed items and unique materials so delivered shall be negotiated. Such prices shall not exceed the Purchase Order price per item.
12.4 Upon receipt of notice of termination by Buyer, Seller shall stop work immediately on any terminated portion of the Purchase Order.

13.   DEFERMENT AND RESCHEDULING

Buyer may defer shipments for Standard Items at any time without penalty. In addition, Buyer may defer a shipment of non-Standard items once per shipment, at any time, also without penalty. Finally, a third deferral of a given shipment of non-Standard items shall constitute of such shipment for Buyer's convenience.

14.   COMPLIANCE WITH LAWS

In performance of its obligations hereunder, Seller shall comply with laws of Malaysia for all intent and purpose, unless stated otherwise. The Seller shall defend, indemnify and hold the Buyer, its directors, officers, employees and agents harmless from any loss, liability, damage or cost, including court costs or attorney's fees, resulting from the Seller's actual or alleged noncompliance.

15.   MISCELLANEOUS

15.1 This contains the entire understanding and agreement between the Buyer and the Seller with respect to the subject matter hereof and cancels all prior agreements, dealings and negotiations. No waiver of any breach hereof shall be held to be a waiver of any other or subsequent breach. The failure of Buyer to insist on strict performance of any term of this Purchase Order or to exercise any rights hereunder shall not be construed as a waiver of Buyer's rights to require strict performance of any other terms or exercise any other rights hereunder.
15.2 The Seller may not assign any of its rights nor delegate any of its obligations under this Purchase Order of any portion thereof without the prior written consent of the Buyer.
15.3 This Purchase Order shall be governed by and construed in accordance with the laws of Malaysia as those laws are applied to contracts entered into and to be performed entirely within Malaysia, between Malaysian residents, without regard to principles of conflict of laws. The parties expressly disclaim the application to this Purchase Order of the United Nations Convention on Contracts for the International Sale of Goods.
15.4 Any dispute arising out of or in connection with this Purchase Order, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration in Malaysia in accordance with the Arbitration Rules of the Malaysian Act then in force, which rules are deemed to be incorporated by reference into this clause.
15.5 Any amount owed to one party under this Purchase Order (in the form of refund or otherwise) may be offset by any outstanding amounts due from such party.
15.6 The Buyer shall not be responsible for any failure to perform due to causes beyond its reasonable control including, without limitation, labour disputes, fires, embargoes, hostilities, acts of God, delay of customers or suppliers, domestic or foreign governmental acts or regulations, or cancellation by Buyer's customer(s) of the contract(s) for which this Purchase Order has been issued.
15.7

The unenforceability, invalidity or illegality of any provision shall not render any other provision unenforceable, invalid or illegal provided elimination of such provision shall not materially affect the intent of the Agreement

IMT(MY)-PUR-FORM-03 REV 00 (STANDARD T&C OF PURCHASE)

STANDARD TERMS AND CONDITIONS OF SALE

1.     INTERPRETATION

“Buyer” - means the persons who accepts a quotation of the Seller for the sale of the Goods or whose order for the Goods is accepted by the Seller.
“Seller” - means Imax Technologies (Thailand) Company Limited (incorporated in Thailand under company registration number 0105551099040).
“Goods” - means the Goods (including any instalments of the Goods or any parts for them) which the Seller is to supply in accordance with these Conditions.
“Conditions” - means the standard terms and conditions of sale set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller.
“Contract” - means the contract for the purchase and sale of the Goods.

2.     BASIS OF THE SALE

2.1 The Seller shall sell and the Buyer shall purchase the Goods in accordance with any written quotation of the Seller which is accepted by the Buyer, or any written order of the Buyer which is accepted by the Seller, subject in either case to these Conditions, which shall govern the Contract to the exclusion of any other terms and conditions subject to which any such quotation is accepted or purported to be accepted, or any such order is made or purported to be made, by the Buyer.
2.2 No variation to these Conditions shall be binding unless agreed in writing between the authorized representatives of the Buyer and the Seller. In the case of the Seller, the level of authority required is Director.

3.     NON-CANCELLABLE, NON-RETURNABLE, NON-MODIFIABLE AND NON-RESCHEDULABLE GOODS

3.1 If the Goods is identified or classified as Non-Cancellable, Non-Returnable, Non-Modifiable and/or Non-Reschedulable in the Seller’s quotation or in the Buyer’s order (accepted by the Seller), the Contract constitutes a firm and binding order for the entire quantity of Goods specified of which are non-cancellable and non-modifiable by the Buyer, non-reschedulable beyond the scheduled delivery dates, and the Goods is non-returnable by the Buyer for any reason whatsoever including but not limited to, reasons due to force majeure.
3.2 The Buyer’s obligations and liabilities to the Seller shall be the aggregate of the full purchase price of the Goods regardless of whether the Goods (i) have been shipped to the Buyer and/or (ii) held in the Seller’s inventory and/or (iii) manufactured, in whole or in part by the Seller’s supplier.

4.     ORDER AND SPECIFICATIONS

4.1 No order shall be binding on the Seller unless and until confirmed in writing by the Seller’s authorized representatives.
4.2 Minimum order quantities per line item are specified at the time of enquiry or order.
4.3 The Seller reserves the rights to impose minimum order quantities per line or minimum order values per order.
4.4 No order which has been accepted by the Seller may be cancelled or amended by the Buyer except with the agreement in writing of the Seller and on terms that Buyer shall indemnify the Seller in full against all loss including loss of profit, costs (including the costs of all labour and material used), damages, charges and expenses incurred by the Seller as a result of cancellation.

5.     PRICE OF THE GOODS

5.1 The price of the Goods shall be the Seller’s quoted price. The validity of quotations must be considered to be correct at the time of issue only. Quotations may be changed due to quantity adjustment, currency fluctuations, prior sale, manufacturer price revision or product withdrawal. Subsequent alterations may be applied by the Seller without giving notice to the Buyer.
5.2 The Seller reserves the rights, by giving notice to the Buyer at any time before delivery, to increase the price of the Goods to reflect any increase of the cost to the Seller which is due to:
5.2.1 any factor beyond the control of the Seller (such as without limitation any foreign exchange fluctuation, currency regulations, alterations of duties significant increase in the costs of labour, materials or other costs of manufacture); or
5.2.2 any change in the delivery dates, quantities or specifications for the Goods which is requested by the Buyer or any delay caused by any instructions of the Buyer to give the Seller the adequate information or instructions.
5.3 The price is exclusive of any applicable value added tax, which the Buyer shall be additionally liable to pay to the Seller.

6.     TERMS OF PAYMENT

6.1 Subject to any special terms agreed in writing between the Buyer and the Seller, the Seller shall be entitled to invoice the Buyer for the price of Goods on or at any time after delivery of the Goods.
6.2 The Buyer shall pay the price of the Goods without any deduction within the credit terms allowed by the Seller in writing, and the Seller shall be entitled to recover the price, notwithstanding that delivery may not have taken place and the property in the Goods has not passed to the Buyer. The time of payment of the price shall be of the essence of the Contract.
6.3 If the Buyer fails to make any payment on the due date, then, without prejudice to any other rights or remedy available to the Seller, the Seller shall be entitled to:
6.3.1 Cancel the Contract or suspend any further deliveries to the Buyer whether under the same Contract to which the failure relates or under any other Contract; and/or
6.3.2 Appropriate any payment made by the Buyer to such of the Goods (or the Goods supplied) under any other Contract between the Buyer and the Seller.
6.4  In the event the Buyer fails to settle the price of Goods according to the agreed payment terms, the Seller shall charge and levy interest at the rate of 9% on the outstanding sum calculated on daily rate basis and this not without prejudice to the Seller’s other rights and remedies herein or in law.
6.5 It shall not be a ground for the Buyer to deduct or withhold any payment of the price of Goods on any alleged breach of the warranty or other provisions of this Contract.

7.     DELIVERY

7.1 Delivery of the Goods will be affected by the Seller or its carrier delivering the Goods to the Buyer’s address as notified at time of order, or at the discretion of the Seller delivery of the Goods may be made by the Buyer collecting of the Goods at the Seller’s premises, at any time after the Seller has notified the Buyer that the Goods are ready for collection.
7.2 Any dates quoted for delivery of the Goods are approximate only and the Seller shall not be liable for any delay in delivery of the Goods howsoever caused.
7.3 The Buyer shall not be entitled to reschedule the delivery unless a written request is made by the Buyer and it is accepted by the Seller.
7.4 Where the goods are to be delivered in instalment, each delivery shall constitute a separate contract and any default by the Seller relating to any one or more of the instalment (whether in respect of delivery, quality or otherwise) shall not entitle the Buyer to treat the Contract as a whole as repudiated.

8.     OWNERSHIP IN GOODS

The ownership in Goods shall not be transferred to the Buyer until the Buyer has made payment in full to the Seller for such Goods and related charges.

9.     WARRANTIES AND LIABILITIES

9.1 Subject to the conditions set out below the Seller warrants that the Goods will correspond with their specifications at the time of delivery and will be free from defects in material and workmanship for a period of 7 days from delivery, whichever is the first to expire.
9.2 The above warranty is given by the Seller subject to the following conditions:-
9.2.1 The Seller shall be under no liability in respect of defects in the Goods arising from any drawing, design or specifications supplied by Buyer or from fair wear and tear, willful damage, negligence, abnormal working conditions, failure to follow the Seller’s instruction (whether oral or in writing), misuse or alteration or repair of the Goods without the Seller’s approval.
9.2.2 The above warranty does not extend to parts, materials or equipments not manufactured by the Seller, in respect of which the Buyer shall only be entitled the benefit of any such warranty or guarantee as is given by the manufacturer to the Seller. In such event, the Buyer acknowledges that the Seller is acting solely as a third party distributor or reseller and the manufacturer or licensor of the Goods shall be solely responsible to the Buyer and any third party for all liability, claims, damages, obligations, costs and expenses arising from the Goods. In no event shall the Seller be responsible or liable to the Buyer or any third party for any direct, indirect, incidental, consequential, general, exemplary or special damages.
9.2.3 Any claims by the Buyer which is based on shortage or any defect in the quality or conditions of the Goods or their failure to correspond with specification shall (whether or not delivery is refused by the Buyer) be notified to the Seller within 7 days from the date of delivery or (where the defect or failure was not apparent on reasonable inspection) within a reasonable time after discovery of the defect or failure and the Buyer shall be bound to pay the price as if the Goods has been delivered in accordance with the Contract.
9.2.4 Where any claim in respect of any of the Goods which is based on any defect in the quantity or condition of the Goods or their failure to meet specification is notified to the Seller in accordance with these Conditions, the Seller shall be entitled to replace the Goods (or the part in question) free of charge or, at the Seller’s sole discretion.
9.2.5 Goods returned to the Seller by the Buyer will remain at the risk of the Buyer unless prior agreement has been reached by both parties. It is additionally, the responsibility of the Buyer to ensure that returned Goods are correctly packaged and all necessary associated documentation is included.
9.2.6 The Seller shall not be liable to the Buyer or be deemed to be in breach of the Contract by reason of any delay in performing, or any failure to perform, any of the Seller’s obligation in relation to the Goods, if the delay or failure was due to any cause beyond the Seller’s reasonable control including (without limitation) any delay, default or failure in this part of the supplier(s) or ultimate supplier(s) who supply directly or indirectly the Goods to the Seller for resale to the Buyer.
9.2.7 Save as agreed herein and to the extent permitted by law, all other warranties expressed or implied are expressly disclaimed and excluded, including implied warranties or merchantability and fitness for a particular purpose and of all other obligations or liability.
9.2.8 Any statement or information provided by Seller as to the products compliance with applicable law (including without limitation, that products are PB-FREE OR ROHS COMPLIANT), is derived by supplier from its suppliers or the manufacturer and supplier does not warrant its accuracy and will not be liable for any error with regard to such  information.  Buyer agrees to use this information at its own risk.

10.    INSPECTION AND RETURN OF GOODS

10.1 The Buyer shall inspect all Goods promptly upon receipt and may reject any Goods that are damaged, defective, or fail in any material way to meet the manufacturer’s specifications. To reject any Goods, the Buyer must notify Seller in writing of its rejection within 7 days of the receipt of the Goods and request a Return Material Authorization (“RMA”) number from the Seller. Unless the Buyer notifies the Seller in writing of the Buyer’s rejection and the reason therefore, the Goods shall be conclusively presumed to be accepted. Within 10 days after receipt of the written RMA number, the Buyer shall return to the Seller the rejected Goods, freight prepaid, with the RMA number displayed on the outside of the carton. The Seller reserves the right not to accept any rejected Goods where the RMA number is not displayed.
10.2 If the Goods furnished by the Seller fail to conform to the Contract, the Seller’s sole and exclusive liability shall be, at Seller’s option, to replace such Goods, refund the purchase price, or credit Buyer’s account, provided that (a) the Seller is notified in writing within the time period set out above, with a detailed explanation of any alleged deficiencies, (b) such Goods are returned to the Seller, and (c) Seller’s examination of such Goods disclose to the Seller’s satisfaction that such alleged deficiencies actually exist and were not caused by accident, misuse, neglect, alteration, damage in transit, mishandling, improper installation, repair or improper testing.

11.    INDEMNIFICATION

11.1  If any claim is made against the Buyer that the Goods infringe or that their use or re-sale infringes the patent, copyright, design, trade mark or other industrial or intellectual property rights of any other person, the Seller shall indemnify the Buyer against all loss, damages costs and expenses awarded against or incurred by the Buyer in connection with the claim, or paid by the Buyer in settlement of the claims, subject to the following conditions satisfactory to the Seller:
11.1.1 The Seller is given full control of any proceedings or negotiations in connection with any such claim;
11.1.2 The Buyer shall give the Seller all reasonable assistance for the purposes of any such proceedings or negotiations;
11.1.3 Without prejudice to any duty of the Buyer according to the law, the Seller shall be entitled to require the Buyer to take such steps as the Seller may reasonably require to mitigate or reduce any such loss damages, costs or expenses for which the Seller is liable to indemnify the Buyer under this Clause; and
11.1.4 The Seller shall be entitled to the benefit of, and the Buyer shall accordingly account to the Seller for, all damages and costs (if any) awarded in favour of the Buyer which are payable by agreed with the consent of the Buyer (which consent shall not be unreasonable withheld) to be paid by other party in respect of any such claim.
11.2 The Seller shall not be liable for any loss of revenue or opportunity or consequential, special, punitive, incidental, indirect or economic loss or damage directly or indirectly arising from the following circumstances or any other circumstances or cause not specifically mentioned herein:
11.2.1 delivery delays beyond the estimated delivery date;
11.2.2 incompatibility of the Goods with another equipment/component which the Buyer wishes to use in conjunction with that supplied by the Seller;
11.2.3 death or injury to person or property damage arising from the use of the Goods;
11.2.4 any breach of Contract or tort or negligence or failure of any kind on the part of the Seller or Seller’s employees;
11.2.5 any breach of Contract or tort or failure of any kind on the part of the Buyer as a result of any of the above; or
11.2.6  

12.    BREACH OF CONTRACT/DEFAULT

Any of the following events shall constitute a breach by the Buyer:

12.1 the Buyer breaches any obligation under the Conditions and/or the Contract and fails to cure such breach within fifteen (15) days after the Seller’s written notification thereof;
12.2 the Buyer supplies, provides, or causes to supply or provide any false statement or information to the Seller which may either frustrate the purpose of any transaction under the Contract or may adversely impact the performance of the Buyer under the Conditions and/or the Contract;
12.3 the Buyer fails to pay an invoice or a bill to the Seller;
12.4 the Buyer becomes insolvent, enters into liquidation, or flies a bankruptcy petition, or files a business rehabilitation/reorganization petition; has a bankruptcy order, or has a similar provisional or final order made against it, whether voluntarily or involuntarily;
12.5 the Buyer’s business is suspended or ceased following any order issued by a governmental agency or court;
12.6 the Buyer’s conduct damages or adversely affects the goodwill or reputation of the Seller; or
12.7 the Buyer ceases, or threatens to cease carrying on business in the normal course, or disposes the whole or any substantial part of its business,  undertakings or assets, and the Seller deems that such action may adversely affect the transactions contemplated hereunder and in the Contract.

13.    TERMINATION

13.1 The Seller may terminate the Contract in the event of any breach of the Conditions or the Contract by the Buyer, which breach remains uncured fifteen (15) days after written notice is given to the Buyer; or if such breach cannot reasonably be cured within said fifteen (15) days, or if the Buyer has not undertaken substantial and diligent efforts to commence curing such breach within the fifteen (15) days.
13.2 Termination of the Contract shall not prejudice or affect any and all the rights or claims of the Seller and liabilities of the Buyer set out in the Conditions and the Contract.

14.    LIMITATION OF LIABILITY

The Seller’s liability for any claim of any kind, or for any loss or damage arising out of or in connection with or resulting from the Contract, or from the performance or breach thereof, shall, in any case, not exceed the contract price of Service or purchase price of Goods and shall exclude any loss of revenue or opportunity or consequential special, punitive, incidental, indirect or economic loss.

15.    NO WAIVER OF RIGHTS

The Buyer undertakes and confirms to the Seller that no failure or delay on the part of the Seller to exercise any power or right under the Contracts shall constitute a waiver thereof, nor shall any single or partial exercise by the Seller of any power or right hereunder preclude any other or further exercise thereof or the exercise of any other right. 

16.    GOVERNING LAW AND COMPLIANCE WITH LAWS

16.1 The Contract and the entire terms and conditions herein shall be governed by the laws of Thailand excluding its conflict of laws provisions and the Seller and the Buyer shall submit to the exclusive jurisdiction of the Courts of Thailand. The provisions of the United Nations Convention on Contracts for the International Sale of Goods shall not apply to the Conditions and the Contract.
16.2 In performance of its obligations hereunder, the Buyer shall comply with laws of Thailand for all intent and purpose, unless stated otherwise. The Buyer shall defend, indemnify, and hold harmless the Seller, its directors, officers, employees and agents harmless from any loss, liability, damages or costs, including court costs or attorney’s fees, resulting from Buyer’s actual or alleged noncompliance.
16.3 The rights, duties and obligations of the parties and the validity, interpretation, performance and legal effect of the Contract and Conditions shall be governed and determined by the laws of Thailand and the parties hereby submit to the non exclusive jurisdiction of the Thai Courts.

17.    INSOLVENCY

This Clause applies if:-

17.1 Buyer makes any voluntary arrangement with its creditors or (being and individual or firm) becomes bankrupt or (being a company) becomes subject to an administration order goes into liquidation (otherwise than for the purpose of amalgamation or reconstruction), or
17.1.1 An encumbrancer takes possession, or an administrator or administrative receiver is appointed, of any of Buyer’s property or assets; or
17.1.2 Buyer ceases, or threatens to cease, to carry on business; or
17.1.3 Seller reasonably apprehends that any of the events mentioned above is about to occur in relation to the Buyer and notifies Buyer accordingly.
17.2 If this clause applies then, without prejudice to any other right or remedy available to Seller, Seller shall be entitled to terminate the Contract or suspend any further deliveries without any liability to Buyer, and if the Goods or Services have been delivered but not paid for, the price shall become immediately due and payable by the Buyer notwithstanding any contrary agreement.
17.3 Notwithstanding anything to the contrary herein, if, in the judgment of Seller, the financial condition of the Buyer at any time does not justify continuance of shipment, the Seller may require full or partial payment in advance.

18.    EXPORT TERMS

18.1 The Buyer shall responsible for complying with any registration or regulations governing the import of the Goods into the country of destination and for the payment of any applicable taxes and duties thereon.
18.2 Payment of all amounts due to the Seller shall be made in cash or telegraphic bank transfer or by bankers order drawn on a bank in Thailand acceptable to the Seller prior to delivery.

19.    ENTIRE AGREEMENT

19.1 These Conditions and the price, quantity and Goods details in the Seller’s invoice for the relevant Goods/Services shall constitute the entire agreement between the parties with respect to the supply of such Goods or Services; and may not be rescinded or terminated by Buyer unless provided therein.
19.2 The provisions of the entire agreement supersede all prior oral and written quotations, agreement, and understandings of the parties with respect to the subject matter thereof. Seller may amend to these Conditions by giving notice in writing to the Buyer.
19.3 If any provision of these Conditions is held to be invalid or unenforceable by any court having competent jurisdiction, this shall be treated as severable, and it shall not affect the validity and enforceability of the remaining Conditions, which shall remain in full force and effect.
19.4 The Buyer shall not assign or transfer any of Buyer’s rights or obligations under the Contract between Buyer and Seller unless otherwise agreed by the Seller in writing.
19.5 The Buyer acknowledges and agrees that any terms and conditions set forth on any purchase order or other documents submitted by the Buyer which are different than or conflict with the terms and conditions herein are hereby rejected by the Seller and are superseded by the terms and conditions herein which shall govern in all respects.

20.    FORCE MAJEURE

The Seller shall not be liable for delays in performance of its obligations under the terms herein when caused by any of the following which are beyond the actual control of the Seller: acts of God, acts of the public enemy, acts of terrorism, acts or failure to act by Buyer, acts of civil or military authority, governmental priorities, strikes or other labour disturbances, hurricanes, cyclones, tornados and storms of a similar nature, earthquakes, fires, floods, epidemics, embargoes, war and riots.

IMT(TH)-SLS-FORM-02 REV 00 (STANDARD TERMS AND CONDITIONS OF SALE)_110120


STANDARD TERMS AND CONDITIONS OF PURCHASE

This Purchase Order constitutes the sole and entire agreement (hereinafter called the “Agreement”) between Imax Technologies (Thailand) Company Limited (hereinafter called the “Buyer”) and the supplier (hereinafter called the “Seller”).

1.     DEFINITIONS

In this Purchase Order the capitalized terms shall be defined as follows:

Custom Items”   - means any goods manufactured exclusively for the Buyer in accordance with specifications or custom required by the Buyer.
Goods”    - means goods as specified in the Purchase Order, including both Custom Items and Standard Items.
Standard Items - means those items which the Seller offers for sale to other customers or stocks in its inventory in the normal course of business.
Services - means services that the service provider is to perform as specified in the Purchase Order.
Specifications - means either a detailed exact statement of particular Goods prescribing the materials, dimensions and other details of the Goods including but not limited to colour, pattern, drawings, design, samples, standards and composition or description of the Goods or a detailed exact statement of particular Services.

2.     TERMS AND CONDITIONS OF ORDER

2.1 This Purchase Order is an offer by Imax Technologies (Thailand) Company Limited to purchase from the Seller the Goods or Services upon the terms and conditions stated herein.
2.2 The Seller shall provide written, telegraph or facsimile notice of acceptance or rejection of the Purchase Order and the related delivery schedule(s) within three (3) business days after the receipt of the Purchase Order provided, however, that the Seller’s commencement or performance shall be deemed an acceptance of the terms and conditions stated herein.
2.3 Any proposal by the Seller for additional or different terms or any attempt by the Seller to vary in any degree of the terms and conditions in this offer is hereby rejected.
2.4 The terms and conditions of this Purchase Order represent the complete contract of the Parties and no other terms or conditions or oral promise or commitment related to it shall bind Buyer or be effective unless committed to writing and signed by both Parties.

3.     PRICING

3.1 Prices set forth in this Purchase Order or any exhibit(s) referenced thereon shall remain fixed for the duration of this Purchase Order except as provided herein.
3.2 The Seller warrants that the prices charged for Standard Items ordered do not exceed the Seller’s lowest prices charged at the time of delivery to the Seller’s other customers with similar quantity and delivery requirements.
3.3 If the Seller decrease prices for Standard Items furnished hereunder to any other customers of the Seller for like quality or quantity, the price of all such unshipped Standard Items hereunder shall be adjusted to such lower price for the duration of this Agreement.

4.     PRODUCT SPECIFICATIONS AND CHANGES

4.1 The Seller shall not modify, deviate from or make any changes whatsoever in Specifications without the Buyer’s prior written consent.
4.2 The Buyer reserves the right at any time on written notice to Seller to change the Specifications, method of packing or shipment and/or the place of delivery. If any such change materially increases or decreases the cost or time of delivery of any item, the Seller and Buyer will negotiate and make equitable adjustment of the cost and/or delivery schedule, and the Buyer will memorialize such adjustment in a written change order.
4.3 The Seller shall compensate the Buyer for any loss, liability, damages, costs and expenses arising from or in connection with any change to the Goods or Services made or provided without prior written notice to and/or prior written consent of the Buyer.

5.     QUALITY OF GOODS AND SERVICES

5.1 The Seller warrants to the Buyer that the Goods and Services to be provided shall:
5.1.1 be free from any defect;
5.1.2 conform with quantity, quality and description with the Purchase Order and any Specifications or standards stated or referred to in the Purchase Order and document attached thereto;
5.1.3 be of first class materials and workmanship throughout and be executed with reasonable care and skill by properly qualified and experienced persons;
5.1.4 be genuine or made of genuine components/materials;
5.1.5 be equal in all respects to any Specifications or demonstrations provided or given by either Party;
5.1.6 be capable of any standard or performance specified in the Purchase Order and document attached thereto;
5.1.7 if the purpose for which they are required is indicated in the Purchase Order, either expressly or by implication, be fit for that purpose; and
5.1.8 comply with any statutory rules or regulations that may be in force relating to the Goods and/or Services.
The warranties above shall be valid for a period of 1 year or such longer period as the Seller and Buyer may agree in writing.
5.2 The Seller will keep the Buyer indemnified in respect of all loss, damage, injury, costs and expenses which result directly or indirectly from defective Goods, nonconformity, workmanship, design or Services supplied or provided by the Seller or any other defect or fault in the production of the Goods and performance of the Services and in addition the Seller will repair, replace or reinstate at the Buyer’s option, any defective item or items free of charge.
5.3 The Seller agrees and consents to the Buyer assigning and/or transferring the benefit of the warranties in Clause 5.1 herein to any third parties including but not limited to any party which purchases the Goods or Services from the Buyer.

6.     DELIVERY AND SHIPPING TIME IS OF THE ESSENCE IN THIS PURCHASE ORDER

Buyer may terminate this Purchase Order without penalty or liability if delivery is not made or services are not performed by the date(s) specified. No change in the scheduled delivery date is permitted without Buyer’s written consent. Partial shipments are not authorized and Buyer reserves right to return and early (by more than five (5) business days) or excess deliveries to Seller at Seller’s risk and expense.  No acceptance or late items will waive Buyer’s right with respect to such late delivery nor shall it be deemed a waiver of future compliance with the terms hereof. All items shall be adequately packed in a manner which follows good commercial practice and protect them against damage or deterioration. The Seller shall mark all containers with necessary lifting, handling and shipping information, Purchase Order number, date of shipment, and the name of the Buyer and Seller.  Packing slips shall be included with each delivery indicating the line item number, description, quantity, and Purchase Order number and the date of shipment. The Buyer shall instruct the Seller on the method of shipment.  Seller shall use its best efforts to consolidate shipments where possible to reduce shipping costs.

7.     INSPECTION, TESTING AND WARRANTY

7.1  Final inspection, test and acceptance of the Goods by the Buyer will be at the Buyer’s premises/appointed third party from which this Purchase Order originates unless otherwise specified.
7.2 Seller warrants that the goods shall comply with the applicable Specifications and drawings that shall be agreed upon by both parties.
7.2.1 Seller shall be obliged to ensure that the Goods shall be free from defects, materials, workmanship and manufacture,
7.2.2 the Goods shall conform to the documentation and the application Specifications, drawings, samples or other descriptions set forth in our Purchase Orders,
7.2.3 the Services will be performed in a professional manner,
7.2.4 Goods shall be suitable for the purposes for which the Goods are intended, and
7.2.5 all Goods are new and unused, unless otherwise specified and agreed.
7.3 Any Goods not accepted by the Buyer will be returned to the Seller at the Seller’s risk and expense, for credit at the full price, but without prejudice to any other rights of the Buyer as herein contained or as conferred by law. No inspection or test shall constitute acceptance of the item or affect any liability of the Buyer under the contract.
7.4 The Buyer reserves the right at its option either to reject any Goods or Services in whole or in part (whether or not the same have been delivered to and accepted by the Buyer) or to cancel the Purchase Order or any part of the Purchase Order or to delay an acceptance of the whole or any part of it without any further payment or charge for storage or delay in any of the following circumstances:
7.4.1 failure by the Seller to comply strictly with the description, Specifications and drawing relating to Goods to be supplied or Services to be carried out and/or failure to comply with any Thai or other standard specification where applicable;
7.4.2 If the Goods or Services are below the specified standard or fail to pass any inspection or test in accordance with these conditions; or
7.4.3 If the Seller otherwise fails to comply in all respect with any of its obligations under these conditions.

8.     PERFORMANCE

8.1 Unless otherwise agreed in writing, any time or period given, delivery, dispatch, performance or completion shall be of the essence. The Seller shall immediately notify the Buyer of any apprehended delay in delivery, dispatch, completion or performance.
8.2 The Buyer reserves the right to reject the Goods or Services not delivered or performed on time, and/or to cancel the whole or any part of the Purchase Order of which such Goods or Services form part and/or to return any Goods already delivered which by virtue of such rejection or cancellation are no longer of use. Such rights of rejection, cancellation or return shall be available to the Buyer irrespective of the cause of delay without prejudice to the Buyer’s rights to damages and any other remedies against the Seller for breach of contract and without any liability of whatever nature on the Buyer.

9.     CHANGES

The Seller shall not make any changes whatsoever in the colour, specification, design or composition of the Goods or Services without the prior written consent of the Buyer.

10.   INVOICES AND PAYMENT

10.1 Separate invoices shall be prepared for each delivery and shall only include items on this Purchase Order.
10.2 All invoices shall be in four (4) copies and shall include the Buyer’s Purchase Order number, line item number, part number, description of the item(s), quantities, delivered, unit and total price and extended totals.
10.3 Payment of such invoices shall not constitute acceptance. Invoices will not be processed for payment, and payment shall not be due until all items invoiced are received and the invoices submitted conform with the applicable order and document attached thereto.
10.4 The Buyer shall have the right to apply credits due to rejection of items or discrepancies on paid invoices against any outstanding invoices, provided that the Buyer sends to Seller written notice and explanation of the application of such credits.

11.   INDEMNIFICATION

11.1 The Seller shall indemnify and keep the Buyer fully indemnified (except in respect of designs provided by the Buyer) against all claims of whatsoever nature (including those for royalties, damage or other losses) directly or indirectly arising from or consequential upon any infringement of any and all intellectual property rights including but not limited to patent right, trademark rights, and copyrights, and patterns, registered designs, design rights, articles or processed pursuant to the Purchase Order.
11.2 The Seller will keep the Buyer indemnified against any claim in respect of loss or damage to any moveable or immoveable property of any nature or type whatever of the Buyer or any third party, and against any claim in respect of the death of or personal injury to any person whether in contract or tort, or otherwise arising under law, statute, or otherwise as a result of breach of any statutory or law, or of any act or omission on the part of the Seller, or any of its employees, assignees or agents, or as a result of the performance or non-performance of the Purchase Order or otherwise of however arising whenever such loss, damage, death or personal injury occurs (including but not limited to the Buyer’s premises).

12.   TERMINATION

12.1 The Buyer may terminate this Agreement in whole or in part, for cause, at no change to the Buyer’s rights and no further liabilities or obligations to the Seller, upon the occurrence of any of the following events of default (“Events of Default”):
12.1.1 the Seller fails to provide refunds for, or replace or correct defective items;
12.1.2 the Seller fails to provide the Goods or Services conforming to the Specifications or Purchase Order; or
12.1.3 the Seller fails to perform any other obligations hereunder.
12.2 If the Seller being an individual becomes bankrupt or insolvent or has a receiving order made against him or compounds with his creditors, or being a company is wound up or becomes insolvent or has a receiver or administrative receiver appointed or suffers the appointment or the presentation of a petition for the appointment of an administrator, the Buyer shall be at liberty (but not bound) at any time after that:
12.2.1 to cancel all or any part of the order immediately by notice and to collect immediately all materials, goods, tools and articles of any description sent to the Seller for any purpose; or
12.2.2 to give the Seller or the receiver, liquidator or the other person the option of carrying on with the Purchase Order subject to his providing a guarantee up to an amount to be agreed for the due and faithful execution of the Purchase Order.
12.3 Upon termination of this Purchase Order for cause, if requested by the Buyer, the Seller will transfer title and deliver to Buyer:
12.3.1 any completed items requested in writing by the Buyer, and/or
12.3.2 any partially completed items and all unique materials requested in writing by the Buyer. Prices for partially completed items and unique materials so delivered shall be negotiated. Such prices shall not exceed the Purchase Order price per item.
12.4 Upon receipt of notice of termination by Buyer, Seller shall stop work immediately on any terminated portion of the Purchase Order.

13.   DEFERMENT AND RESCHEDULING

Buyer may defer shipments for Standard Items at any time without penalty. In addition, Buyer may defer a shipment of non-Standard items once per shipment, at any time, also without penalty. Finally, a third deferral of a given shipment of non-Standard items shall constitute of such shipment for Buyer’s convenience.

14.   COMPLIANCE WITH LAWS

In performance of its obligations hereunder, Seller shall comply with laws of Thailand for all intent and purpose, unless stated otherwise. The Seller shall defend, indemnify and hold the Buyer, its directors, officers, employees and agents harmless from any loss, liability, damage or cost, including court costs or attorney’s fees, resulting from the Seller’s actual or alleged noncompliance.

15.   MISCELLANEOUS

15.1 This contains the entire understanding and agreement between the Buyer and the Seller with respect to the subject matter hereof and cancels all prior agreements, dealings and negotiations. No waiver of any breach hereof shall be held to be a waiver of any other or subsequent breach. The failure of Buyer to insist on strict performance of any term of this Purchase Order or to exercise any rights hereunder shall not be construed as a waiver of Buyer’s rights to require strict performance of any other terms or exercise any other rights hereunder.
15.2 The Seller may not assign any of its rights nor delegate any of its obligations under this Purchase Order of any portion thereof without the prior written consent of the Buyer.
15.3 This Purchase Order shall be governed by and construed in accordance with the laws of Thailand as those laws are applied to contracts entered into and to be performed entirely within Thailand, between Thai residents, without regard to principles of conflict of laws. The parties expressly disclaim the application to this Purchase Order of the United Nations Convention on Contracts for the International Sale of Goods.
15.4 Any amount owed to one party under this Purchase Order (in the form of refund or otherwise) may be offset by any outstanding amounts due from such party.
15.5 The Buyer shall not be responsible for any failure to perform due to causes beyond its reasonable control including, without limitation, labour disputes, fires, embargoes, hostilities, acts of God, delay of customers or suppliers, domestic or foreign governmental acts or regulations, or cancellation by Buyer’s customer(s) of the contract(s) for which this Purchase Order has been issued.
15.6 The unenforceability, invalidity or illegality of any provision shall not render any other provision unenforceable, invalid or illegal provided elimination of such provision shall not materially affect the intent of the Agreement.

IMT(TH)-PUR-FORM-02 REV 00 (STANDARD TERMS AND CONDITION OF PURCHASE)_121003


 
 

 
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