Terms and Conditions of Vegetable Oil Industry
1. Definitions:
- "Company" refers to IVPA .
- "Buyer" refers to the purchasing entity.
- "Product" refers to the vegetable oil products supplied by the Company.
2. Orders and Acceptance:
- All orders are subject to acceptance by the Company.
- The Company reserves the right to refuse or cancel orders at its discretion.
3. Price and Payment:
- Prices are quoted in Rupees and are subject to change without notice.
- Payment terms are [Specify terms, e.g., net 30 days].
- Late payments may incur interest charges.
4. Delivery:
- Delivery dates are estimated and may be subject to change.
- The Company is not liable for delays caused by unforeseen circumstances.
- Risk of loss or damage passes to the Buyer upon delivery.
5. Quality Assurance:
- The Company guarantees that the vegetable oil products meet industry standards.
- Claims regarding product quality must be reported within Few days of receipt.
6. Compliance with Laws:
- Both parties agree to comply with all applicable laws and regulations.
- The Buyer is responsible for obtaining any necessary import/export permits.
7. Confidentiality:
- Both parties agree to keep all confidential information received during the business relationship confidential.
8. Limitation of Liability:
- The Company's liability is limited to the value of the products supplied.
- The Company is not liable for consequential or indirect damages.
9. Termination:
- Either party may terminate the agreement with written notice in case of a material breach.
10. Governing Law and Dispute Resolution:
- This agreement is governed by the laws of India.
- Any disputes shall be resolved through arbitration in accordance with .
11. Force Majeure:
- Neither party is liable for failure to perform obligations due to circumstances beyond their control.
12. Amendment:
- Any changes to this agreement must be in writing and signed by both parties.
13. Entire Agreement:
- This agreement constitutes the entire understanding between the parties and supersedes any prior agreements.
By entering into this agreement, both parties acknowledge and accept the terms and conditions outlined herein.
IVPA
