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1.2021 <br />DEMCO INTERIORS <br />TERMS AND CONDITIONS <br /> <br /> <br /> <br /> <br />Please read these terms and conditions carefully. All orders for goods and any related <br />services (“Products”) by any buyer (“customer”) from Demco Interiors are governed by <br />these terms and conditions. Demco Interiors is a service offered by Demco, Inc. <br /> <br />1. Exclusive Terms. Demco agrees to sell its products only on these terms and <br />conditions, unless otherwise agreed upon in writing by both parties. You shall be deemed <br />to have accepted these terms and conditions by any written indication of acceptance, by <br />submitting an order in response to a quotation, by any action affirming your order without <br />objection to these terms and conditions, by accepting any whole or partial shipment of <br />Products, or by making any whole or partial payment to Demco. <br />2. Price. Unless Demco agrees otherwise in writing, you agree to pay Demco’s product <br />price in effect at the time an order is accepted by Demco. In any project, critical decision <br />points will occur requiring timely communication by customer of color, fabric, finish <br />choices. If decisions are not made in a timely fashion, Demco reserves the right, by giving <br />you notice at any time before delivery, to increase the price of the Products to reflect any <br />increase in the manufacturing or production cost to Demco, any change to delivery dates, <br />quantities or specifications for the Products requested by you, or any delay caused by your <br />instructions or your failure to give Demco adequate information or instructions. <br />3. Cancellation of Orders. By submitting an order to Demco, you are accepting <br />responsibility for beginning the procurement of products wherein returns or cancellations <br />of customized products are generally not allowed. You may not cancel an order, in whole <br />or in part, without the written consent of Demco. No cancellation will be accepted by <br />Demco except on terms that will fully indemnify and reimburse Demco against loss, <br />including recovery of all costs incurred by Demco, and including indirect and overhead <br />charges and profit. <br />4. Delivery. You acknowledge that shipment dates and delivery dates are estimates only. <br />Demco agrees to use all reasonable efforts to meet the estimated shipping date subject to <br />your prompt provision of all necessary specifications and information; however, Demco <br />will not be held responsible for any failure to meet an estimated date. If you request a <br />delay in shipment, Demco shall have the right to (i) bill you for the Products at the initial <br />requested delivery date, and (ii) bill you for any storage charges incurred. In the case of <br />delivery of Products by installments, you agree that you will not treat the delivery of faulty <br />Products in any one installment or the late delivery or non-delivery of any one installment <br />as a repudiation of the whole contract. Unless special shipping instructions are received <br />and accepted by Demco before the shipment date, Demco shall, in its sole judgment, <br />determine the means and routing of shipment, or store the Products at your expense until <br />you provide shipping instructions. <br />5. Risk and Title to Products. Unless otherwise expressly agreed by Demco, all <br />shipments are F.O.B. point of shipment. “Point of shipment” shall be, as applicable: <br />Demco’s dock; for drop shipments, manufacturer’s or distributor’s dock; for international <br />Products, the United States point of entry. Demco will select the origin of all shipments, <br />and all delivery destinations will be subject to Demco’s approval. Title to and risk of loss <br />for Products will pass at the F.O.B. point. <br />6. Exclusion of Warranties. You acknowledge that Demco is not the manufacturer of <br />the Products, and therefore (a) Demco makes no express or implied warranties of any kind <br />with respect to the products, and (b) Demco expressly disclaims any implied warranty of <br />merchantability or fitness for a particular purpose. All Products are warranted only to the <br />extent of the manufacturer’s warranties, which Demco will provide to you at your request. <br />7. Limitation of Remedies and Damages. Demco’s liability and your remedies under <br />this Agreement will be limited solely to replacement or credit, at Demco’s option, with <br />respect to Products for which Demco has received, within fourteen (14) days after your <br />receipt of the Products, evidence satisfactory to Demco of defective or incorrect Products. <br />Demco’s liability will in no event be greater in amount than the purchase price of the <br />products. Demco will not be liable, under any circumstance for consequential, incidental, <br />special or punitive damages, including, but not limited to, labor costs or lost profits <br />resulting from the products being incorporated in or becoming a component of any other <br />article. Neither party will have any negligence or other tort liability to the other, or to any <br />third party arising from any breach of this agreement. <br />8. Variations. Any minor shortages or defects that do not materially affect the use for <br />which the Products are intended will not affect the terms of payment. Products, <br />specifications, and colors may differ slightly from those illustrated in Demco’s literature <br />and samples. Any typographical or clerical omission in any sales literature, price list, <br />quotation, acceptance of offer, invoice or other document or other information issued by <br />Demco shall be subject to correction without any liability on the part of Demco. <br />9. Claims. Demco’s responsibility for shipment shall cease upon delivery to the carrier. <br />Any claims for damages or loss occurring in shipment shall be made by Demco on your <br />behalf directly to the carrier. All other claims for damages, defects, loss, shortages, or <br />incorrect Products must be made within fourteen (14) days after receipt of the Products, <br />unless otherwise agreed by the parties in writing. Your failure to make any claim within <br />the specified time period will result in the unconditional waiver of that claim. Demco <br />reserves the right to accept or reject any claim in whole or in part. Demco shall not be <br />responsible for any defects caused by your willful or negligent acts, incorrect storage or <br />installation of the Products, or normal wear and tear. Any claim based on a <br />manufacturer’s warranty shall be made within the period prescribed by the warranty. <br /> <br />10. Credit Report and Payment. You hereby give Demco permission to make all <br />reasonable inquiries into your credit history. Following such reviews, Demco will notify <br />you of the payment terms for your orders, which will be one of the following: <br />a. Net 30 Days. If these terms apply to you, all amounts due under this <br />contract shall be paid within 30 days following your receipt of an invoice. <br />b. 25% Down, Net 30 Days. If these terms apply to you, you must pay 25% of <br />the contract upon notice from Demco of the terms of payment, and the <br />remaining amount due shall be paid within 30 days following your receipt of an <br />invoice. <br />c. 50% Down, Net 30 Days. If these terms apply to you, you must pay 50% of <br />the contract amount upon notice from Demco of the terms of payment, and the <br />remaining amount due shall be paid within 30 days following your receipt of an <br />invoice. <br />d. 100% Down or Payment Bond. If these terms apply to you, all amounts due <br />under this contract shall be paid upon notice from Demco of the terms of <br />payment. Alternatively, you may provide a payment bond or other security <br />acceptable to Demco. <br /> <br />If you are required to make a down payment under the preceding payment terms, Demco <br />may not process your order for Products under this contract until such down payment is <br />received by Demco. You agree that you will not withhold payment of any amount due <br />because of any other claims or set-off you may have against Demco. <br />11. Collection and Other Fees. You agree to pay Demco all costs, including <br />reasonable attorneys’ fees, incurred by Demco in collecting amounts you owe to Demco or <br />in otherwise enforcing, asserting, or defending these terms and conditions. <br />12. Indemnity. If the Products are to be manufactured or any process is to be applied to <br />the Products in accordance with a specification submitted by you, you hereby indemnify <br />Demco against all loss, damages, costs and expenses awarded against or incurred by <br />Demco in connection with or paid or agreed to be paid by Demco in settlement of any <br />claim whatsoever including, but not limited to, infringement of any patent, copyright, <br />design, trademark or other intellectual property rights of any other person that results from <br />Demco’s use of your specification. <br />13. No Installation. These terms and conditions do not govern the installation of any <br />Products purchased from Demco. Please refer to your installation agreement for the terms <br />relating to installation. <br />14. General <br /> <br />Force Majeure. Demco shall not be liable for any delay or default in performing this <br />contract if such delay or default is caused by conditions beyond its control including, <br />but not limited to, Acts of God, Government restrictions, wars, insurrections and/or <br />any other cause beyond the reasonable control of Demco. <br /> <br />Legal Interpretation. Any disputes relating to this contract shall be decided in <br />accordance with the laws of the State of Wisconsin without reference to conflicts of <br />laws principles. Exclusive jurisdiction and venue for any lawsuit relating to this <br />contract shall lie in the state and federal courts of Dane County, Wisconsin. The <br />prevailing party in any lawsuit relating to this contract shall be entitled to recover its <br />costs and reasonable attorneys’ fees. <br /> <br />Severance and Waiver. The invalidity or unenforceability of any provision of this <br />contract shall not affect the validity or enforceability of any other provisions of this <br />contract, and this contract shall be construed as if such invalid or unenforceable <br />provision were not included in this contract. Failure or neglect by Demco to enforce <br />any of the provisions hereof shall not be construed as nor be deemed to be a waiver <br />of Demco's rights hereunder, and Demco's right to take subsequent action shall not be <br />prejudiced thereby. <br /> <br />Successors and Assigns. This contract shall inure to the benefit of and be binding <br />upon each of the parties hereto and their respective heirs, executors, administrators, <br />legal personnel, representatives, successors and assigns, but shall not be assignable <br />by you without the written consent of Demco. <br />Entire Agreement. This Agreement constitutes the entire agreement between the <br />parties hereto with respect to the Installation services and supersedes all prior <br />agreements, representations, warranties, statements, promises, arrangements and <br />understandings whether written or oral, expressed or implied with respect thereto. <br />Any changes or additions to the Installation services or this contract must be agreed <br />in writing by Demco and you. <br />Notice. Any notice required or permitted to be given by either party in this contract <br />shall be in writing and addressed to the other party at its registered office or principal <br />place of business or such other address as may have been provided by written notice. <br />Page 68 of 197