These Terms are an integral part of the Purchase Order (“PO”). Any conflicts between these Terms and those of a Purchase Order or Statement of Work shall be resolved in accordance with Section 17 herein. The Purchase Order, together with these terms and conditions, and any attachments and exhibits, specifications, drawings, notes, instructions and other information, whether physically attached or incorporated by reference (collectively the “Purchase Order” or “PO”), constitutes the entire and exclusive agreement between the respective Infinity entity (Infinity Global Europe B.V. or Infinity Global Inc.) identified as buyer in the Purchase Order (“Buyer”) and the supplier (“Supplier”) as identified in the Purchase Order governing Buyer’s purchase of goods and/or services identified in the Purchase Order. Buyer’s submission of the Purchase Order is conditioned on Supplier’s agreement that any terms different from or in addition to the terms of the Purchase Order, whether communicated orally or contained in any purchase order confirmation, invoice, acknowledgement, release, acceptance or other written correspondence, irrespective of the timing, shall not form a part of the Purchase Order, even if Supplier purports to condition its acceptance of the Purchase Order on Buyer’s agreement to such different or additional terms. Supplier’s electronic acceptance, acknowledgement of this Purchase Order, or commencement of performance constitutes Supplier’s acceptance of these terms and conditions. The Purchase Order does not constitute Buyer’s firm offer and may be revoked by Buyer at any time prior to acceptance. Notwithstanding the foregoing, if a master agreement or memorandum of understanding covering procurement of the Products or Work described in the Purchase Order exists between Supplier and Buyer, the terms of such master agreement shall prevail over any inconsistent terms herein
“Deliverables” means the deliverables specified in the Purchase Order (and any Statement of Work) to be delivered on or before the Delivery Date.
“Delivery Date” means the date or dates specified in the Purchase Order by which the Supplier is required to deliver the Work.
“Delivered Duty Paid” – DDP as defined by INCOTERMS 2010.
“Harmful Code” means any software intentionally designed to (i) disrupt, disable, harm, or impede operation, or (ii) impair operation based on the lapse of time, including but not limited to viruses, worms, time bombs, time locks, drop-dead devices, access codes, security keys, back doors, or trap door devices.
“Intellectual Property Rights” means any and all tangible and intangible: (i) copyrights and other rights associated with works of authorship throughout the world, including but not limited to copyrights, neighboring rights, moral rights, and mask works, and all derivative works thereof; (ii) trademark and trade name rights and similar rights; (iii) trade secret rights; (iv) patents, designs, algorithms, utility models, and other industrial property rights, and all improvements thereto; (v) all other intellectual and industrial property rights (of every kind and nature throughout the world and however designated) whether arising by operation of law, contract, license, or otherwise; and (vi) all registrations, applications, renewals, extensions, continuations, divisions, or reissues thereof now or hereafter in force (including any rights in any of the foregoing).
“Product” means tangible goods specified in the Purchase Order to be delivered on or before the Delivery Date.
“Services” means the services that Supplier is to perform for Buyer specified in the Purchase Order, including scope, objective, and time frame of the Work that Supplier will perform for Buyer.
“Subcontractor” means a third party performing Work under an agreement (a “Subcontract”) with Supplier.
“Supplier Personnel” means Supplier’s employees, consultants, agents, independent contractors and Subcontractors.
“Third Party Intellectual Property” means the Intellectual Property Rights of a third party which supplier uses or incorporates into the Work.
“Work” means the Deliverables, Products and Services specified in the Purchase Order, including any SOW.
“X-Works”: as defined under INCOTERMS 2010.
Time is of the essence in Supplier’s performance of its obligations under Section 3 of the Purchase Order. Supplier will immediately notify Buyer if Supplier’s timely performance under the Purchase Order is delayed or is likely to be delayed. Buyer’s acceptance of Supplier’s notice will not constitute Buyer’s waiver of any of Supplier’s obligations.
If Supplier delivers Work after the specified Delivery Date, Buyer may reject such Work.
Buyer will hold any Work rejected under this Purchase Order at Supplier’s risk and expense, including storage charges, while awaiting Supplier’s return shipping instructions. Supplier will bear all return shipping charges, including without limitation, insurance charges Buyer incurs on Supplier’s behalf. Buyer may, in its sole discretion, dispose of or sell at a public or private sale any rejected Work for which Buyer does not receive return shipping instructions within a reasonable time, and apply the proceeds, if any, first toward any storage charges.
Supplier will preserve, pack, package and handle the Deliverables and Products so as to protect the Deliverables and Products from loss or damage and in accordance with best commercial practices in the absence of any specifications Buyer may provide. Without limiting the foregoing, Supplier shall observe the requirements of any local laws and regulations relating to hazardous Work, including, without limitation, with respect to its accompanying information, packing, labeling, reporting, carriage and disposal.
Supplier will include with each delivery of Products a packing list identifying the Purchase Order number, the Buyer’s part number for each of the Products (if applicable), a description and the quantity of each of the Products, and the date of shipment.
Unless Buyer expressly instructs otherwise, Supplier will deliver all Work Deliver Duty Paid to Buyer’s plant at the address set forth in the Purchase Order. Seller assumes responsibility for all shipping and delivery charges including, without limitation, customs, duties, costs, taxes and insurance. Risk of loss of the Work passes to Buyer upon acceptance in accordance with Section 6.
Price and Payment
Unless otherwise specified in the Purchase Order, the price for the Work includes all taxes and other charges such as shipping and delivery charges, duties, customs, tariffs, imposts and government-imposed surcharges. Supplier will, at Buyer’s request, break-out from the price all such taxes and other charges in its invoices. Supplier shall use its best efforts to assist Buyer in all legal efforts to minimize the taxes resulting from the performance of the Purchase Order.
Buyer will pay Supplier the per the price and payment terms set forth in the Purchase Order on Buyer’s receipt of a properly prepared invoice. A properly prepared invoice must include the Purchase Order number and, if required in the Purchase Order, Supplier’s certification of conformance of the Work to the requirements. Payment will be in the currency of the country which Buyer has identified in the Purchase Order. Buyer may, at any time, set-off any amounts Supplier owes Buyer against any amounts Buyer owes to Supplier or any of its affiliated companies.
Ownership and License
Buyer is the sole and exclusive owner of all Deliverables. Supplier irrevocably assigns and transfers to Buyer all of its worldwide right and title to, and interest in, the Deliverables, including all associated Intellectual Property Rights.
Notwithstanding Section 5.1, Supplier grants to Buyer a non-exclusive, worldwide, royalty-free, irrevocable, perpetual, transferable, sublicenseable license to any Intellectual Property Rights in the Deliverables which arise outside the scope of the Purchase Order to the extent necessary for Buyer to exercise its rights in the Work Product as reasonably contemplated by the Purchase Order.
Supplier grants to Buyer a non-exclusive, worldwide, royalty-free, irrevocable, perpetual, transferable, sublicenseable license to any Intellectual Property Rights in Products or Services which are necessary for Buyer to use, import, copy, execute, reproduce, display, perform, and distribute copies of and modify (including creating improvements and derivative works based on) the Products or Services.
Inspection and Acceptance
Buyer may reject any or all of the Work which does not conform to the applicable requirements of the Work within a reasonable time of discovery. At Buyer’s option, Buyer may (i) return the nonconforming Work to Supplier for a refund or credit; (ii) require Supplier to replace the non-conforming Work; or (iii) repair the non-conforming Work, at the expense of Supplier as reasonably determined by Buyer, so that it meets the requirements. As an alternative to (i) through (iii), Buyer may accept the non-conforming Work conditioned on Supplier providing a refund or credit in an amount Buyer reasonably determines to represent the diminished value of the non-conforming Work. Buyer’s payment to Supplier for Work prior to Buyer’s timely rejection of such Work as nonconforming will not be deemed as acceptance by Buyer.
Buyer may, at any time, change the Work by changing (i) the quantity of the Work (ii) the scope of Services; (iii) the Delivery Date; (iv) applicable drawings, designs, and specifications, (v) the method of shipment or packing; (vi) the place of delivery of the Work; or (vii) the location for Services to be performed.
If a change by Buyer under Section 7.1 causes an increase or decrease in the cost of or the time required for Supplier’s performance, then the price, Delivery Date or both will be equitably adjusted, and the parties will amend the Purchase Order accordingly in writing. Supplier will request an equitable adjustment no later than twenty (20) days from Supplier’s receipt of Buyer’s notification of a change; provided, however, that Buyer may extend the request period upon Supplier’s request.
Supplier will proceed with the Work, both changed and unchanged, pending negotiation of an equitable adjustment and amendment of the Purchase Order.
Representations and Warranties
Supplier represents and warrants that (i) it has the full power to enter into the Purchase Order and to perform its obligations under the Purchase Order; (ii) it has the right and unrestricted ability to assign the Work to Buyer including, without limitation, the right to assign any Work performed by Supplier Personnel and Subcontractors; (iii) the Work, and Buyer’s use of the Work, do not and will not infringe upon any third party’s Intellectual Property Rights, right of publicity or privacy, or any other proprietary rights, whether contractual, statutory or common law; (iv) Supplier will not disclose to Buyer, bring onto Buyer’s premises, or induce Buyer to use any confidential or proprietary information that belongs to anyone other than Buyer or Supplier which is not covered by a non-disclosure agreement between Buyer and Supplier; (v) Software supplied by Supplier does not contain any Harmful Code; (vi) Supplier’s Work conforms to Buyer’s specifications, Supplier’s quotation or proposal, and Supplier’s brochures or catalogs, and if none of the foregoing is applicable, then such Work is suitable for the intended use; and (vii) no Products contain or include components (a) containing PCB (polychlorinated biphenyls) chemical substances, (b) manufactured using a cadmium plating process or contain a chemical substance or mixture that is or becomes subject to a reporting requirement under Section 8(e) of the Toxic Substances Control Act, 15 U.S.C. Section 2607(e), as in effect at time of shipment.
Buyer warrants and represents to Supplier that it has the full power to enter into the Purchase Order and to perform its obligations under the Purchase Order.
Assignment and Subcontracting
Supplier may not assign any of its rights or delegate any of its obligations under the Purchase Order without Buyer’s prior written consent, which Buyer will not unreasonably withhold. Buyer may, at its option, void any attempted assignment or delegation undertaken without Buyer’s prior written consent.
Supplier may not subcontract any of its rights or obligations under the Purchase Order without Buyer’s prior written consent. If Buyer consents to the use of a Subcontractor, Supplier will: (i) guarantee and will remain liable for the performance of all subcontracted obligations; (ii) indemnify Buyer for all damages and costs of any kind, subject to the limitations in Section 12 (Indemnification), incurred by Buyer or any third party and caused by the acts and omissions of Supplier’s Subcontractors’ and (iii) make all payments to its Subcontractors. If Supplier fails to timely pay a Subcontractor for work performed, Buyer will have the right, but not the obligation, to pay the Subcontractor and offset any amount due to Supplier by any amount paid to the Subcontractor. Supplier will defend, indemnify and hold Buyer harmless for all damages and costs of any kind, without limitation, incurred by Buyer and caused by Supplier’s failure to pay a Subcontractor.
To the extent allowed by applicable law, no person who is not a party to the Purchase Order shall be entitled to enforce or take the benefit of any of its terms whether as a result of applicable legislation, custom or otherwise.
Term and Termination
The Purchase Order will remain in effect with respect to any SOW already issued prior to expiration of the term of the Purchase Order until such SOW is either terminated or the Work is completed and accepted.
Buyer may terminate this Purchase Order, any SOW, or both at any time, for no reason or for any reason, upon fifteen (15) days written notice to Supplier. Upon receipt of notice of such termination, Supplier will inform Buyer of the extent to which it has completed performance as of the date of the notice, and Supplier will collect and deliver to Buyer whatever Work then exists. Buyer will pay Supplier for all Work performed and accepted through the effective date of the termination, provided that Buyer will not be obligated to pay any more than the payment that would have become due had Supplier completed and Buyer had accepted the Work. Buyer will have no further payment obligation in connection with any termination.
In the event that: (i) a receiver is appointed for either party or its property; (ii) either party makes a general assignment for the benefit of its creditors; (iii) either party commences, or has commenced against it, proceedings under any bankruptcy, insolvency or debtor’s relief law, if such proceedings are not dismissed within sixty (60) days of filing; or (iv) either party is liquidating, dissolving, or ceasing to do business in the ordinary course, the other party may declare such party in default and exercise all rights and remedies provided by applicable law or this agreement, including the right to immediately terminate the Purchase Order and/or any SOW by delivering written notice to such party as provided herein.
With the exception of suppliers which are publicly traded companies, Buyer may immediately terminate the Purchase Order upon written notice to Supplier if there is a change in ownership representing twenty percent (20%) or more of the equity ownership of Supplier.
Either party may terminate the Purchase Order, any SOW or both, immediately by delivering written notice to the other party for any material breach not cured within thirty (30) days of receipt of notice of the breach. Buyer shall have no further payment obligation to Supplier under any terminated SOW if Buyer terminates the SOW under this Section 10.5.
Any obligations or duties which, by their nature, extend beyond the expiration or termination of the Purchase Order shall survive the expiration or termination of the Purchase Order.
11.Confidential Information and Publicity
If Buyer and Supplier have entered into a Non-Disclosure Agreement (“NDA”) which covers disclosure of confidential information under the Purchase Order, and if the term of the NDA expires before the expiration or termination of the Purchase Order, then the term of the NDA shall be automatically extended to match the term of the Purchase Order.
The parties shall treat the terms, conditions, and existence of the Purchase Order as Confidential Information as defined in the NDA.
Supplier shall obtain Buyer’s written consent prior to any publication, presentation, public announcement, or press release concerning its relationship as a supplier to Buyer.
As used in this Section, a “Claim” is any claim, demand, loss, damage, liability, cost or expense (including professional fees and costs as incurred) for which one party (the “Indemnifying Party”) may be obligated to defend, indemnify and hold the other party (the “Indemnified Party”) harmless.
Supplier shall defend, indemnify and hold Buyer harmless from and against any and all Claims as incurred, arising out of or in connection with (i) any act or omission of Supplier (including its Subcontractors) in the performance of the Work; or (ii) any infringement of a third party’s Intellectual Property Rights or any other rights.
Buyer shall indemnify and hold Supplier harmless from and against any and all Claims as incurred, arising out of or in connection with: (i) Supplier’s use of Buyer’s products or services in connection with the Work; (ii) Supplier’s use of information or materials provided to Supplier by Buyer; or (iii) infringement on a third party’s Intellectual Property Rights or any other rights resulting from Supplier’s adherence to Buyer’s written instructions.
Each party will indemnify and hold the other party harmless from and against any and all Claims, as incurred, arising out of any negligent or willful acts or omissions of the Indemnifying Party which result in personal injury (including death) or damage to tangible property (not including lost or damaged data).
The Indemnified Party will provide the Indemnifying Party with prompt written notice of the Claim and permit the Indemnifying Party to control the defense, settlement, adjustment, or compromise of any Claim. The Indemnified Party may employ counsel at its own expense to assist it with respect to any Claim. The Indemnified Party will have no authority to settle any Claim on the Indemnifying Party’s behalf.
If a third party enjoins or interferes with Buyer’s use of any Work, then in addition to Supplier’s obligations under Section 12.2, Supplier will use its best efforts to (i) obtain any licenses necessary to permit Buyer to continue to use the Work; (ii) replace or modify the Work as necessary to permit Buyer to continue to use the Work; or if (i) and (ii) are not commercially reasonable, then (iii) promptly refund to Buyer the amount paid for any Work for which a third party enjoins or interferes with Buyer’s use of the Work.
Nothing in this Section shall limit any other remedy of the parties.
Notwithstanding anything else in the Purchase Order or otherwise, Buyer will not be liable to Supplier with respect to the subject matter of the Purchase Order under any contract, negligence, strict liability or other legal or equitable theory for any amounts in excess of the amount Buyer paid to Supplier in the six months preceding the event or circumstance giving rise to such liability.
In no event will Buyer be liable to Supplier for any incidental, indirect, special, consequential damages or loss of profits arising out of, or in connection with, the Purchase Order, whether or not Buyer was advised of the possibility of such damage.
The limitations will apply notwithstanding any failure of essential purpose of any limited remedy provided herein. Nothing in the Purchase Order limits either party’s liability for bodily injury of a person, death, or physical damage to property or any liability which cannot be excluded under applicable law.
Supplier will secure and maintain insurance providing coverage for liabilities to third parties for bodily injury (personal injury) and damage to property in amounts sufficient to protect Buyer in the event of such injury or damage, and will be in compliance with any and all laws, regulations or orders addressing the liabilities of an employer to its employees for injuries and disease suffered in connection with employment. Supplier further will maintain such additional types and limits of insurance as is customary for a company of similar size and similar operations to Supplier in the jurisdiction or jurisdictions in which Supplier’s operations take place. Supplier agrees to promptly provide Buyer with evidence of the insurance maintained in accordance with the foregoing upon Buyer’s request.
Compliance with Laws
Supplier represents and warrants that it will comply with all applicable local and national laws and regulations pertaining to its performance of its obligations under the Purchase Order. In particular and without limitation, Supplier shall not act in any fashion or take any action that will render Buyer liable for a violation of the U.S. Foreign Corrupt Practices Act (“FCPA”), which prohibits the offering, giving or promising to offer or give, directly or indirectly, money or anything of value to any official of a government, political party or instrumentality to assist it or Buyer in obtaining or retaining business or in carrying out the Services. Supplier’s failure to comply with the FCPA shall constitute a material breach of this Purchase Order.
This Purchase Order will be construed in accordance with, and all disputes will be governed by, the laws of the State of New York, without regard to its conflict of laws rules. The parties specifically waive application of the UN Convention on Contracts for the International Sale of Goods. With respect to a dispute involving Infinity Global Inc., Supplier irrevocably consents to the personal jurisdiction of the state and federal courts in and for the City of Danville, Virginia, and irrevocably waives any claim it may have that any proceedings brought in such courts have been brought in an inconvenient forum.
Any notice to be given under the Purchase Order will be in writing and addressed to the party at the address stated on the front of the Purchase Order. Notices will be deemed given and effective (i) if personally delivered, upon delivery; (ii) if sent by an overnight service with tracking capabilities, upon receipt; (iii) if sent by fax or electronic mail, at such time as the party which sent the notice receives confirmation of receipt by the applicable method of transmittal; or (iv) if sent by certified or registered mail, within five (5) days of deposit in the mail.
If there is a conflict between or among the Purchase Order and any documents attached to and incorporated by reference, the conflict will be resolved as follows:
A conflict between the terms of the Purchase Order and those set forth in an exhibit or hyperlink will be resolved in favor of the Purchase Order.
A conflict between the terms of the Purchase Order and those set forth in an SOW will be resolved in favor of the SOW.
A conflict between the terms of an exhibit or hyperlink and those set forth in an SOW will be resolved in favor of the SOW.
If any court of competent jurisdiction holds that any provision of the Purchase Order is illegal, invalid, or unenforceable, the legality, validity, and enforceability of the remaining provisions of the Purchase Order will not be affected or impaired, and all remaining terms of the Purchase Order remain in full force and effect, provided that this provision shall not be applied to defeat the intent of the parties.
A party’s election not to insist on strict performance of any requirement of the Purchase Order will not operate or be construed to waive any future omission or breach, or any other provision of the Purchase Order.