Please consider that our business conduct is ruled by the below principles. We require potential partners to be contracted in order to becoming a customer. Each Sale and Purchase Agreement may differ by custom made terms, however, in general the following conditions shall prevail:

 

1. Subject of the Agreement

Parties intend to settle their substantive sale and purchase dealings as well as the details of cooperation. Parties state that Buyer regularly purchases goods from the catalog of the Seller at its sales rate.

Conditions of the contract shall prevail during the sale and purchase process of the parties.

 

2. General terms

The Contract shall begin on the mutually agreed date by counter signatures of both parties. End of the Contract is not specified, unless the parties agree otherwise. However, if, as of such date, Buyer is in arrears on the account, Seller may then cancel this Contract and sue for damages, including lost profits, offsetting the deposit there against, and further recover its cost of suit including attorney fees.

 

3. Transparency criteria

Seller states that it complies all the requirements that are necessary to act upon the contract. Inter alia Seller professes that:

• The given data of the Seller are true and valid. In case of any data changes Seller shall inform Buyer within 3 business days.
• Managing Director takes part in the sales process and warrants the completion of the process as it is outlined in the Agreement.
• Seller is fully aware of the origin of the products sold and willing to reveal this information in case of an investigation.
• Each of the Invoices that shall be issued are true and valid both form- and contentwise.
• All of the goods which are to be sold compose Seller’s own property of which sales no burden shall affect.

 

Buyer professes that:

• It does not have any outstanding legal proceeding with the tax authorities of its country of residence.
• It submits its annual reports and tax statements according to the governing law of the country of residence.

 

4. Orders

Offer is defined as a price list submitted by the Seller made either in writing or verbally. Orders can also occur by email, telephone or other communication channels on the Internet.

Buyer is obliged to accept the ordered goods on the prices of the day of order and also obliged to receive all the ordered goods within the agreed lead time.

 

5. Delivery

Upon receipt of the request for delivery, Seller shall deliver or arrange for delivery within 14 days. In case of default delivery, Seller must notice Buyer about the expected delivery.

 

6. Acceptance of goods

Buyer will have the right to inspect the goods upon receipt. Buyer must give notice to Seller of any claim for damages on account of condition, quality, or grade of the goods, and Buyer must specify the basis of the claim in detail. Failure of Buyer to comply with these conditions will constitute irrevocable acceptance of the goods by Buyer.

Upon agreement, Buyer shall receive the goods either at its business facilty or at the warehouse where Seller stores its goods.

Receipt of goods shall be followed by an Invoice issued by the Seller; and a Proof of Receipt which is to be signed by the Buyer.

 

7. Charges

Seller shall invoice Buyer upon and for each shipment. Buyer shall pay all charges until the due date which is marked on the issued Invoice.

 

8. Risk of Loss

The risk of loss from any casualty to the Goods, regardless of the cause, will be the responsibility of the Buyer once the goods have been shipped by the Seller.

 

9. Warranty

Seller warrants that the goods sold hereunder are new and free from substantive defects in workmanship and materials. Seller’s liability under the foregoing warranty is limited to replacement of goods or refund of the purchase price at Seller’s sole option. No other warranty, express or implied, is made by Seller, and none shall be imputed or presumed.

 

10. Taxes

All sales taxes, tariffs, and other governmental charges shall be paid by Buyer and are Buyer’s Responsibility except as limited by the law.

 

11. Governing Law

This Contract shall be governed by the laws of Hungary. Any disputes brought against the Seller hereunder will be heard in the appropriate federal and state courts located in Hungary.

 

12. Force Majeure

Seller may, without liability, delay performance or cancel this Contract on account of force majeure events or other circumstances beyond its control, including, but not limited to, strikes, acts of God, political unrest, terrorism, embargo, failure of source of supply, or casualty.

 

13. Miscellaneous

The Contract contains the entire agreement between the parties and supersedes and replaces all such prior agreements with respect to matters expressly set forth herein. No modification shall be made to this Contract except in writing and signed by both parties. This Contract shall be binding upon the parties and their respective heirs, executors, administrators, successors, assigns and personal representatives.

Nevertheless, both parties jointly profess, that:

• It operates as an officially registered company, as such, it fulfils all legal and registration related obligations.
• There is no legal proceedings against it at any court which would limit its activity and completion of the current Contract.
• In case of any change of the above, it must notice the other party. Damage that may turn up by violation of this rule, must be covered by the defaulting party.
• It informs the other party in case of any change in corporate and/or contact details.