TERMS AND CONDITIONS OF SALE

Purchaser orders the goods described and agrees to pay VMC Technical Assistance Corporation (the seller) the extension purchase price (FOB our warehouse) together with all applicable taxes, packaging and handling fees, C.O.D. fees, freight fees and re-delivery fees (the purchase price) under the following terms and conditions:

PAYMENT:
Unless Buyer has been approved for credit sales by approval of Seller’s Credit Application, payment of the purchase price in full is due prior to or at the time of delivery of the goods.  Purchaser agrees to pay interest on past due amounts at the annual rate of eighteen percent (18%) (1.5% per month) as well as attorney’s fees, reasonable in relation to the amount of services performed in collecting payment regardless whether suit is filed, and all court costs.

SECURITY:
Seller reserves a security interest in the goods delivered until all payments are actually received.

PLACE OF PAYMENT and APPLICABLE LAWS:
Payments shall be made in U.S. Currency at seller’s address – 8311 Eastpoint Drive, Suite 800, Dallas, Dallas County, Texas 75227.  The laws of the State of Texas apply to govern this sale.

DISCLAIMER OF WARRANTIES:
Except for warranted sales on certain grinding machines (for which written limited warranties are extended by Seller), Seller makes no warranty on goods or services, either expressed or implied, for merchantability or suitability for a particular purpose.

RETURN OF GOODS:
No goods may be returned for credit without Seller’s prior approval.  Request for return must be submitted on Seller’s Application for Return Authorization, and Seller’s approval must be obtained by issuance of a Return Authorization Number.  If goods are returned for credit as approved by Seller, a twenty (25%) restocking fee will be charged against the gross sales price.  NO RETURNS WILL BE AUTHORIZED: (30) days after receipt of goods, for special or custom orders, special sale or discounted materials.

ALL SALES FINAL:
Use of goods constitutes acceptance for all purposes.  Neither the seller not the manufacturer will be responsible for claims of consequential damage which may result from the purchase or use of goods.

NSF CHECKS:
Payment for goods or services with any form of non-negotiable or insufficient funds will be prosecuted, unless payment in U.S. cash or Cashier’s Check is receives within ten (10) days together with a $20.00 service charger. Inconsistent

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