User's Manual

Technalogix Ltd TAVD-500 Transmitter
II-4
Terms of Payment
Seller will provide credit terms to Buyer at its discretion. Such terms are subject to change at all
times. If credit is provided, Seller will invoice Buyer on the date the product is ordered. Such
invoices will be due and payable net thirty (30) days from date of invoice, subject to credit
approval. If credit is not established or maintained, terms shall be net cash on or prior to the
Delivery Date. Seller reserves the right, at its sole discretion at any time to revoke any credit
previously extended.
Past due accounts shall be charged two percent (2%) per month, or the highest rate permitted
by Alberta law, whichever is less, and will be added to the outstanding balance. In the event
Buyer defaults on payment, Buyer shall be liable for all collection cost, including reasonable
attorney’s fees and costs.
Changes and Cancellation
Purchase orders that have been accepted by Seller may not be changed or cancelled, in whole
or in part, without written consent of Seller. All changes must be include in a change order
reflecting the purchase order number and submitted to the Seller. All other changes will not be
accepted or acknowledged. Changes may affect delivery dates. Expenses incurred because of
the changes shall be charged to the Buyer. Buyer will be liable for Seller’s costs incurred, plus
a reasonable profit, for the portion of the work terminated, in accordance with generally
accepted accounting principle, together with cancellation charges.
Orders for standard product may be changed by Buyer, with no penalty to the Buyer, provided
that Buyer provides Technalogix notification at least 30 days prior to the scheduled ship date.
Order changes received within 30 days of the scheduled ship date may be subject to an order
change charge; a schedule detailing these charges will be forwarded to Buyer when Buyer’s
change order is acknowledged. In no event can any aspect of the order be changed after
product shipment has occurred.
Orders for custom product may be canceled by Buyer, provided that Buyer pays Seller for
completed work allocated to Buyer’s order at the time of termination of the work at the unit
selling price and all costs, direct and indirect for work-in-progress as well as costs resulting from
cancellation and a reasonable profit therein. Specific cancellation charges will be dependent on
the type of custom product ordered; a schedule detailing these charges will be forwarded to
Buyer when Buyer’s cancellation is acknowledged. Orders for custom product are subject to a
cancellation fee of up to 100% of the order, depending on the stage of completion of the order
at the date the cancellation or revision is accepted.
Custom Products Policy
Custom items are not returnable; items other than “off the shelf” products are considered
custom. Custom products, by their nature, are products and materials which have been altered,
modified, cut, amended and customized to your order, and are not resalable or returnable.