Welcome to Renitya Industries Pvt Ltd! These Terms and Conditions (“Agreement”) govern the relationship between Renitya Industries and your company in relation to the purchase and sale of our laminates and related products. Please read this Agreement carefully before engaging in any business transactions with us. By placing an order or engaging in business activities with us, you agree to be bound by these Terms and Conditions. If you do not agree with any part of these terms, please refrain from conducting business with us.
1. Business Relationship
1.1 Business Purpose: This Agreement governs the business-to-business relationship between Renitya Industries and the Customer for the purchase and sale of our laminates and related products.
1.2 Independent Contractors: The parties are independent contractors. Nothing in this Agreement shall be construed as creating a partnership, joint venture, agency, or employment relationship between the parties.
2. Orders and Pricing
2.1 Orders: Customer may submit orders to Renitya Industries by following our designated order process. Each order constitutes an offer to purchase the specified products, subject to acceptance by Renitya Industries.
2.2 Acceptance and Confirmation: Renitya Industries reserves the right to accept or reject any order at its discretion. Order acceptance occurs when Renitya Industries issues an order confirmation or when the products are shipped, whichever happens first.
2.3 Pricing: Product prices and terms are subject to change without notice. The Customer agrees to pay the prices in effect at the time of order placement, as specified in the order confirmation.
2.4 Taxes and Fees: The Customer is responsible for all applicable taxes, duties, and other government charges associated with the purchase and sale of the products. Renitya Industries will provide an invoice specifying the taxes and fees, if applicable.
3. Payment and Terms
3.1 Payment Terms: Renitya Industries will specify the payment terms in the order confirmation or invoice. Unless otherwise agreed, payment is due within 6-7 days from the invoice date.
3.2 Suspension of Services: Renitya Industries reserves the right to suspend services and withhold further deliveries in case of late payment or non-payment.
4. Delivery and Shipment
4.1 Delivery Terms: Renitya Industries will specify the delivery terms in the order confirmation or invoice, including the agreed Incoterms®. The Customer shall be responsible for all shipping and transportation costs, unless otherwise agreed.
4.2 Title and Risk of Loss: Title and risk of loss or damage to the products shall pass to the Customer upon delivery according to the agreed Incoterms®.
4.3 Acceptance and Inspection: The Customer must inspect the delivered products upon receipt and notify Renitya Industries of any defects, damages, or discrepancies within 3 days. Failure to provide timely notice will be deemed acceptance of the products.
5. Product Warranty and Liability
5.1 Warranty: Renitya Industries warrants that the products will conform to the specifications agreed upon. The warranty period and terms shall be specified separately, if applicable.
5.2 Limitation of Liability: Renitya Industries shall not be liable for any indirect, incidental, consequential, or special damages arising out of or related to the use or performance of the products, including without limitation, lost profits, loss of data, or interruption of business.
6. Confidentiality
6.1 Confidential Information: Both parties may disclose confidential information to each other during the course of business. Confidential information includes but is not limited to trade secrets, product information, pricing, customer lists, and business strategies.
6.2 Non-Disclosure: Both parties agree to treat confidential information received from the other party as confidential and shall not disclose it to any third party without prior written consent, except as required by law.
7. Termination
7.1 Termination for Convenience: Either party may terminate this Agreement for convenience by providing written notice to the other party 7 days prior to the desired termination date.
7.2 Termination for Breach: Either party may terminate this Agreement in the event of a material breach by the other party. The non-breaching party shall provide written notice specifying the breach and allowing a reasonable cure period, if applicable.
8. Governing Law and Dispute Resolution
8.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of [Jurisdiction].
8.2 Mediation and Arbitration: In the event of a dispute, the parties shall first attempt to resolve it amicably through good-faith negotiations. If the dispute remains unresolved, the parties agree to submit the matter to mediation. If mediation fails, the dispute shall be finally resolved by binding arbitration in accordance with the rules of [Arbitration Institution].
9. Entire Agreement
This Agreement constitutes the entire agreement between Renitya Industries and the Company, superseding any prior agreements or understandings, whether written or verbal, relating to the subject matter herein.
By engaging in business with Renitya Industries, you acknowledge that you have read, understood, and agreed to abide by these Terms and Conditions.