Standard Terms and Conditions for Vendors

NatureNAO® requires that Suppliers and Vendors observe all applicable law and regulations, meet the highest standards of business and personal ethics; and act with integrity in an open and honest manner. Below are some standard terms and conditions:

Acceptance

  • Vendor accepts the following Terns and Conditions upon receipt of purchase order.

Payment

  • Purchase Order numbers are required prior to delivery; only the Purchasing Department is authorized to issue purchase orders.
  • Vendor’s invoices and monthly statements must reference a purchase order number.

Delivery

  • Vendor must fulfill delivery requirements unless a delay in delivery or acceptance is due to factors beyond the vendor’s or the Company’s control such as government action or failure to act, terrorist acts, strikes or other labor issues, fire, and severe weather conditions.
  • Freight terms and rates must be agreed upon in advance; should a vendor employ a more expensive shipping method to meet a required delivery date, the vendor will pay for the increased shipping expense.

Inspection and Testing

  • The Company reserves the right to reject any products or goods that it deems non-conforming, defective, stale, unsafe, unfit or in any other way unsuitable for its purposes including perishable consumables, chemical non-consumables, and all goods or products purchased from vendors.
  • The Company reserves the right to require replacement of rejected products or goods as well as payment of damages.
  • The Company reserves the right to inspect the vendor’s facilities.
  • Rejected products or goods and quantities in excess of the specifications will be returned at vendor’s expense.

Changes

  • The Company reserves the right to make changes in specifications, packaging, and delivery schedules and to adjust any changes in cost accordingly.

Cancellation

  • The Company may, with or without cause and without prejudice to any other remedy they may have and after giving written notice, cancel a purchase order.

Liability

  • The Company is not liable for any claim of any kind, for any loss, or for any damage arising out of, in connection with, or resulting from any purchase order in excess of the price allocable to the products or goods giving rise to such claims.
  • Any action resulting from the Company’s breach as to the goods or products delivered must commence within one year after the cause has accrued.

Confidentiality

  • All information the Company provides to the vendor is confidential.
  • Vendor may not advertise or publicize the relationship created by a purchase order without the Company’s written consent.

Vendor Warranties

  • Vendor warrants that all products furnished in fulfillment of a purchase order are suitable, safe, and fit for their purpose.
  • Vendor of consumables warrants that all products furnished in fulfillment of a purchase order are fresh and suitable for human consumption
  • Vendor warranty runs to the Company, its successors, assigns and customers, and users of the products purchased.
  • Vendor warrants that the prices for all items sold to the Company are not less favorable than the price paid by any of its other customers.
    Vendor will comply with all applicable federal, state, and local laws, rules, regulations, and ordinances and will hold the Company harmless from any liability resulting from vendor’s failure to do so.
  • Vendor will provide proof of all required certifications and inspections.

Agreement

  • A purchase order and any documents referred to on the face thereof constitute the entire agreement between the vendor and the Company.
    These standard Terms and Conditions are applicable to all purchase orders.
    Other Terms and Conditions as appropriate to a specific product or transaction may be included in a separate contract document
  • Vendor will comply with all applicable federal, state, and local laws, rules, regulations, and ordinances and will hold the Company harmless from any liability resulting from vendor’s failure to do so.
  • Vendor will provide proof of all required certifications and inspections.