ACCEPTANCE: This order shall be subject only to the terms and conditions set forth herein. There are no understandings or agreements other than as set forth or referred to herein and on the face hereof, and no additions, deletions, or modifications of these terms or any matter set forth on the face hereof proposed by Seller in its printed forms or otherwise shall bind Versa-Tech Technologies, LLC (“Buyer”) unless accepted by Buyer in writing, regardless of whether such other terms would materially alter the terms hereof. Seller’s acceptance of this purchase order reflects Seller’s acceptance of the terms and conditions hereof which shall control in the event of any dispute. Stenographic and clerical errors are subject to correction. Buyer may revoke or modify this order at any time prior to acceptance by Seller.
PRICES: Prices are F.O.B. Buyer’s facility. Unless specifically otherwise set forth, prices do not include the amounts of any sales, use, transfer,
excise or other taxes, tariffs or custom duties, and Buyer will pay directly or be charged by Seller for any such taxes, tariffs or customer duties levied upon
the sale, transfer, import or use of the products sold hereunder.
TERMS: Terms of payment unless otherwise expressly agreed upon in writing, are as set forth on the face hereof, F.O.B. Buyer’s facility (except that risk of loss with respect to nonconforming goods shall not pass to Buyer unless and until nonconformities are cured or Buyer accepts notwithstanding the nonconformities). All payments shall be made in United States currency. Payment shall not prejudice claims on account of omissions or shortages in shipment.
DELAYS IN DELIVERY: Seller will not be liable for damage for delays in delivery due to causes beyond its reasonable control. If Seller,
however, for any reason does not comply with Buyer’s delivery schedule, Buyer at its option may either approve a revised delivery schedule or may cancel
the order without any liability to the Seller.
WARRANTIES: Seller expressly warrants that all goods supplied to Buyer will be merchantable, free from defects in design, workmanship and material,
fit for the intended purposes and conform to applicable drawings, descriptions, statutes, rules, regulations, express warranties and/or specifications of Buyer.
BUYER’S PROPERTY: Unless otherwise agreed in writing, all plans, specifications, samples, instructions, drawings, artwork, tooling, plates
or dies of every description furnished to Seller by Buyer or unconditionally appropriated to the contract, or any replacement thereof, or any materials affixed or attached thereto, shall be and remain the personal property of Buyer. Such property, and whenever practical each individual item thereof, shall be plainly marked or otherwise adequately identified by Seller as “Property of Versa-Tech Technologies, LLC” and shall be safely stored separate and apart from Seller’s
property Seller shall not substitute any property for buyer’s property and shall not use such property except in filling Buyer’s orders. Such property while in
Seller’s custody or control shall be held at Seller’s risk, shall be kept insured by Seller at Seller’s expense in an amount equal to the replacement cost with loss payable to Buyer and shall be subject to removal at Buyer’s written request in which event Seller shall prepare such property for shipment and shall
redeliver it to Buyer in the same condition as originally received by Seller, reasonable wear and tear accepted.
CHANGES: Buyer shall have the right to make changes in the order, but no additional charge will be allowed unless authorized in writing by Buyer. If such changes affect delivery or the price sought by Seller, Seller shall notify Buyer immediately
NON-ASSIGNMENT and SET OFF: Assignment of this order or any interest therein or any payment due or to become due thereunder, without the prior written consent of the Buyer, shall be void. Buyer shall be entitled at all times to set off any amount owing at any time from Seller or its affiliated companies to Buyer or any of its affiliated companies against any amount payable at any time by Buyer in connection with this order.
FAIR LABOR STANDARDS ACT: In accepting this order Seller shall be deemed to represent that the goods to be furnished hereunder, were
or will be produced in compliance with the requirements of the Fair Labor Standards Act of 1938, as amended. Unless otherwise agreed in writing, Seller
shall insert a certificate on all invoices submitted in connection with this order stating that the goods covered by the invoice were produced in compliance
with all applicable requirements of Section 6,7, and 12 of the Fair Labor Standards Act, as amended, and of regulations and orders of the U.S. Department
of Labor issued under Section 14 thereof.
WORK ON BUYER’S OR ITS CUSTOMERS PREMISES: If Seller’s work under the order involves operations by Seller on the premises of Buyer or one of its customers, Seller shall take all necessary precautions to prevent the occurrence of any injury to person or property during the progress of such work. Except to the extent that any such injury is due solely and directly to Buyer’s or its customer’s willful misconduct or gross negligence, as the case may be, Seller shall indemnify, hold harmless and defend Buyer against all losses, claims, liabilities, damages, costs and expenses (including reasonable attorney fees) which may result in any way from any act or omission of the Seller, its agents, employees, or subcontractors while on Buyer’s or Buyer’s customer’s premises. Seller shall maintain such public liability, property damage, and employer’s liability and compensation insurance as will protect Buyer from said risks and from any claims under any applicable Workers’ Compensation and Occupational Disease Acts.
NON-WAIVER: The failure of the Buyer to enforce at any time or for any period of time any of the provisions hereof shall not be construed to be a waiver of such provisions or of the right of Buyer thereafter to enforce each and every such provision.
NON-DISCRIMINATION IN EMPLOYMENT: In accepting this order, Seller shall be deemed to represent that the goods to be furnished and/or work performed hereunder were or will be produced in compliance with Executive Order 11246, and regulations issued thereunder, which are incorporated by reference in this order.
CANCELLATION: This order is not subject to cancellation or modification, in whole or in part, except with Buyer’s express written consent. If Seller ceases to conduct its operations in the normal course of business, fails to pay its debts generally as such debts become due, any proceeding under the Bankruptcy Code or insolvency laws is commenced by or against Seller, a receiver is appointed for Seller or a substantial portion of its business or assets, or an assignment for the benefit of Seller’s creditors is made, Buyer may terminate this order without liability except for deliveries previously made
and accepted or for goods covered by the order then completed and subsequently delivered and accepted in accordance with the terms of this order.
CLAIM POLICY: Versa-Tech Technologies, LLC will assume responsibility for machining related claims. Steel-related claims such as seams, non-metallic inclusions, rolling laps, chemistry mixes, excessive cold working during straightening, etc., will be considered the responsibility of the steel supplier. Heat treating related claims will be considered the responsibility of the heat treat supplier.
LIMITATION OF ACTIONS: Any action for a breach of contract arising out of Seller’s acceptance of Buyer’s purchase order, products supplied and/or work performed hereunder must be commenced within four (4) years after the cause of action has occurred.
INSPECTION AND RETURNS: Notwithstanding prior payment, goods shipped under this order are subject to the Buyer’s inspection within a 30-day period following receipt thereof. All goods of inferior quality or workmanship, not in compliance with drawings, specifications or warranties, shipped contrary to instructions, in excess of or less than the quantities specified, substituted for goods therein described, not shipped in containers conforming to the Buyer’s specifications (or, in the absence of such specifications, in recognizable standard containers), or otherwise not conforming to the contract or that
violate any applicable local, state or federal statute, ordinance or administrative order, rule or regulation may be rejected and returned to the Seller for a complete refund of the Buyer’s payments and other costs, including freight charges. Risk of loss with respect to goods so rejected shall at no time be borne by the Buyer. The Buyer may charge the Seller any expenses incurred in unpacking, examining, repacking, storing and reshipping and goods rejected as
GOVERNING LAW; REMEDIES: The rights and obligations of the parties hereto and the construction and effect of any contract formed pursuant hereto shall be governed by the laws of the State of Michigan. Buyer shall, in addition to the rights and remedies herein set forth be entitled to all rights and remedies provided for in the Uniform Commercial Code as adopted by the State of Michigan and other applicable law, as amended from time to time, and at equity.
INDEMNIFICATION: Seller shall, at Seller’s sole cost and expense, indemnify, defend and hold harmless Buyer and Buyer’s customers of, from and against any and all claims, losses, liabilities, damages, costs and expenses, including reasonable attorney fees, constituting or arising from any products liability claims relating to products described in or supplied with reference to this purchase order; failure of such products to conform to applicable safety standards, warranties, specifications or requirements; and/or, infringement by such products of any patent or copyright.
Suppliers of products, processes and/or services are responsible to ensure conformance to all local, state, federal and international statutory and regulatory requirements during all stages of manufacturing, process, delivery, and / or the execution of services on behalf of Versa Tech and / or its customers. This includes, but is not limited to:
• All safety and environmental regulations and applies to acquisition, storage, handling, recycling and elimination or disposal of materials
• The use of the International Material Data System (IMDS) to ensure compliance to our automotive customer’s requirements as applicable.
• Logistics/transportation statutory and regulatory requirements such as those imposed by the DOT, US (and foreign) Customs and Border Protection agencies, NAFTA (County of Origin requirements), etc.
• U.S. Securities and Exchange Commission (SEC) for Conflict minerals
Suppliers of products, processes and/or services are responsible to provide objective evidence that they have a functional and robust process in place to assure compliance with the latest applicable statutory, regulatory, and other requirements in the countries where they are located in the customer-identified countries of designation.
• Proof of registration to ISO 9001 or IATF 16949 meets this requirement. Copies of a currently valid certificate of registration must be provided and on file with Versa Tech Purchasing in order for your products to be accepted into our production flow. In some cases copies of internal or external audit reports and resulting corrective actions may be required as supporting evidence.
• Alternatively, a documented procedure defining your process to ensure that your business meets all applicable statutory and regulatory requirements coupled with an signed affidavit declaring compliance to those requirements will meet this requirement. Copies of the currently valid procedure and annually renewed / signed affidavit must be on file with Versa Tech Purchasing in order for your products to be accepted into our production flow. In some cases a second party audit may be performed to ensure compliance.
• It is the responsibility of the all Versa Tech suppliers to ensure all proof of ISO 9001 or IATF 16949 registrations and / or annual affidavits and processes are provided to Versa Tech purchasing prior to the expiration date.
Suppliers are also obligated to provide Material Safety Data Sheets concurrent with or prior to delivery of applicable product (as defined by Federal, state and local governments.)
Suppliers supplying products or processes shall also provide material test certificate concurrent with or prior to delivery of applicable product.