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GENERAL SALES POLICY AND CONDITIONS OF SALE

QUOTATIONS

All written quotations are valid for thirty (30) days from date, subject to change with notice and supersede previous quotations and agreements. Quotations to be binding must specifically state quantities, even though a lot of one is quoted. All orders originating hereunder are subject to approval of the company Sales Department. Shipping date is approximate, based on prompt receipt of all necessary information with order, also, that necessary materials will be available to maintain production.

ORDERS AND CONTRACTS

All orders must be confirmed by a written purchase order showing stipulated quantities per each specification involved with definite prices and shipping instructions. All orders are entered for production promptly upon acceptance by MTT CORPORATION and are neither subject to cancellation nor deferment of delivery without company Sales Department consent.

MTT CORPORATION shall not be responsible or liable for any loss, damage, detention, or delay resulting from causes beyond its control, or caused by fire, strike, civil, or military authority; preference rating issued by the United States Government, department, or representative; insurrection or riot; embargoes, car shortages, wrecks or delays in transportation; inability to obtain necessary labor, materials, or manufacturing facilities due to such causes, nor in any event for consequential damage. Orders or contracts that include penalty or liquidated damage clauses for failure to meet shipping date are not acceptable except in those specific cases required by law and approved in writing by MTT CORPORATION. All shipped products are inspected and tested thoroughly by MTT CORPORATION. If the Purchaser desires to witness tests on the products, an additional charge will be made for this service.

ORDER CANCELLATION

A minimum of 15% charge of the net price will be applied on any cancellation of a formally acknowledged order. The cancellation charge will also include all claims and expenses for work already done and commitments made by MTT CORPORATION.

TERM OF PAYMENTS

Unless otherwise agreed, MTT CORPORATION requires payment of 25% of the quoted price at the time of placing the order. Another 25% of the quoted price is due by the time of shipping the products. The outstanding balance of 50% is payable within 30 days from the date of MTT CORPORATION invoice date of shipment. Payments are in U.S. dollars only. Balances outstanding for longer than 30 days shall accrue interest at the rate of 1.5% per month or 18% per annum or as prescribed by New Jersey law. Balances not paid within 30 days plus interest shall be charged to credit card provided by purchaser. Use of the credit card option shall be at the sole discretion of MTT CORPORATION. Unless otherwise agreed, the invoice amount is due for payment immediately after receipt of the invoice. Payment shall always be applied to the earliest, still-open invoices. Any bank charges incurred are the Purchaser's responsibility. In the event of the Purchaser's cessation of payment or bankruptcy, the claim to the purchase price shall be immediately due for payment. Counter-claim may only be offset from our invoices if such counter-claims have been allowed by MTT CORPORATION.

UNCOLLECTIBLE CHECKS

In the event a check is returned by a customer's bank as not collectible, there shall be a charge of $25.00 in addition to any other charges that may be included. All legal, court costs, and service charges incurred in collecting payment will be an expense of and charged to the purchaser.

TAXES

The amount of any present or future taxes, either Federal or State applicable, to the products sold hereunder shall be added to the price contained herein and paid by the purchaser.

PLACE OF ACCEPTANCE

Orders are valid only when accepted by MTT CORPORATION with written acknowledgment from its offices in Robbinsville, New Jersey. The contract shall be interpreted according to the laws of the State of New Jersey. If an Attorney or collection agency is retained to recover any sums, the Purchaser hereby agrees to pay any and all reasonable fees and costs charged by said Attorney or collection agency, whether or not a lawsuit is filed. The purchaser agrees that the only jurisdiction for any legal action shall be Robbinsville, New Jersey, U.S.A.

GUARANTEE

MTT CORPORATION guarantees that each product manufactured and sold directly or through authorized agents to be free from defects in material and workmanship and, is capable of operating or delivering its rated output as shown on the name plate; if properly installed, cared for and operated under normal conditions, its performance is guaranteed for a period of one year from date of original shipment.

MTT CORPORATION's obligation under this guarantee is limited to servicing, repairing or replacement the product or any defective parts within one year of delivery to the original purchaser without charge. Transportation charges are to be prepaid by the purchaser, provided the Purchaser gives written notice of all such defects within said period. If the failure has been caused by misuse, operation in excess of specifications or modifications by purchaser, repairs shall be billed at cost; in such cases, a cost estimate shall be submitted before the work is started. MTT CORPORATION assumes no liability for expense or repairs made outside, MTT CORPORATION plant except by written consent.

This guarantee is in lieu of all other guaranties, express or implied, and constitutes fulfillment of all MTT CORPORATION liabilities to the Purchaser. MTT CORPORATION does not guarantee that the products can be used for any particular purpose other than those covered by the applications' specifications. MTT CORPORATION assumes no liability, in any event, for consequential damages, for anticipated or lost profits, incidental damages or loss of time or other losses incurred by the Purchaser or any third party in connection with products covered by this guarantee or otherwise.

RETURNED PRODUCTS

MTT CORPORATION is a custom designer and manufacturer. Therefore, if MTT CORPORATION accepts the return of products there will be a twenty percent (20%) restocking charge. MTT CORPORATION shall not be responsible for any product returned without MTT CORPORATION's prior written consent, which will be given or withheld at MTT CORPORATION's sole discretion. All returned products must be shipped freight prepaid. If repair work of any nature is required at the time the product is received and inspected at the company's factory, there will be an additional charge for the repair work.

RESERVATION OF TITLE

MTT CORPORATION reserves the right of ownership for the shipped goods until full payment is received as per the sales contract. MTT CORPORATION has the right to retrieve the delivered goods if the Purchaser does not honor the terms of the sales contract. The return of the shipped products shall not be deemed as cancellation of the sales contract unless expressed in writing by an authorized MTT CORPORATION employee.

The Purchaser is obliged to handle the delivered goods with care as long as it is owned by MTT CORPORATION. The purchaser shall notify MTT CORPORATION in writing without any delay if any delivered products not fully owned by the purchaser are interfered with by a third party. Where third parties have seized the products or where seizure by third parties is imminent, the Purchaser shall notify MTT CORPORATION of this in writing without any delay and accompany this notification with all documents, which may be necessary for intervention by MTT CORPORATION. The costs of any intervention, including the costs of any legal proceedings, shall, as between the Purchaser and MTT CORPORATION, be borne by the Purchaser.

If the third party is unable or refuse to reimburse MTT CORPORATION of the court and out-of-court costs of a lawsuit according to MTT CORPORATION sales policy, the Purchaser shall be liable for all the expenses or losses incurred by MTT CORPORATION.

The Purchaser is entitled to resell the products in the normal course of business. The Purchaser hereby assigns to MTT CORPORATION the receivables of the buyer from the resale of the products amounting to the total invoice amount agreed with MTT CORPORATION, including any additional costs and taxes. This assignment shall apply irrespective of whether the product delivered was resold without or after processing. The Purchaser shall remain authorized to collect the account receivable even after the assignment. MTT CORPORATION's authority to collect the account receivable shall remain unaffected thereby. However, MTT CORPORATION shall not collect the account receivable as long as the Purchaser meets his/her or its payment obligations from proceeds received, is not in arrears with his/her or its payments and particularly if a petition in insolvency has not been filed or there has not been a cessation in payments.

If the goods delivered are processed with other products not belonging to MTT CORPORATION. MTT CORPORATION shall acquire the co-ownership of the new product in proportion of the total product value of the delivered item to the other processed objects at the time of processing. The same applies in the event of a mixture of the products. If the mixture is affected so that the object of the Purchaser must be deemed the main object, it is hereby agreed that the Purchaser assigns to MTT CORPORATION proportionate co-ownership and holds the sole ownership or co-ownership created in such a manner in safe custody on MTT CORPORATION's behalf.

MTT CORPORATION undertakes to release the collateral due to it at the request of the Purchaser. If the value of the securities granted to MTT CORPORATION exceeds the claims they secure by a total of more than 20%, then, at the written request of the Purchaser, MTT CORPORATION shall release securities up to the value of the excess amount, provided that MTT CORPORATION shall have the choice as to which securities MTT CORPORATION releases.

CONFIDENTIAL AGREEMENT

The parties in a contract must treat all disclosed, commercial and technical details, and all knowledge gained during their business relations, as trade secrets according to MTT CORPORATION's "NON-DISCLOSURE, NON-COMPETITION AND NON-CIRCUMVENTION CONFIDENTIAL AGREEMENT," which is incorporated hereto and a part hereof by reference. In accordance with the NON-DISCLOSURE AGREEMENT, drawings, models, stencils, samples and similar objects may not be lent to unauthorized third parties nor made accessible to others in any manner. The reproduction of such objects is only permitted for the purpose of company requirements (installation, repair, etc.) and according to U.S. copyright laws. The Purchaser may only advertise the business relations with MTT CORPORATION after obtaining a prior written approval from an authorized MTT CORPORATION employee.

PACKING

Prices include standard packing for domestic shipment freight on board; the Purchaser will pay additional packing for overseas shipment or for other purposes incurred at the Purchaser's request. No allowances are made if the Purchaser accepts unpacked products at the Company's factory.

SHIPPING

All products are quoted freight on board. All orders are shipped surface freight, and the charge will be added to the invoice, unless otherwise instructed. Location permitting, small shipments are made by United Parcel Service (UPS); larger shipments, by insured motor to first destination within the Continental United States. Shipments can be made by air upon request. If products are received in damaged condition, it is the Purchaser's responsibility to conduct the carrier and file a claim for damage. MTT CORPORATION will gladly render any assistance to pursue the Purchaser's claim against the transportation company. Products must be inspected for concealed damage within one week of receipt. Scheduled orders are welcome, provided that scheduling does not exceed 12 months from order date. Scheduling changes require a minimum of thirty (30) days' notice.

COMPANY INFORMATION AND AGREEMENT

This agreement is between MAGNETIC & TRANSFORMER TECHNOLOGIES CORPORATION, whose address is at
7 TANAGER LANE * ROBBINSVILLE, N. J. 08691 * USA, and

Company Name..........................................................................   Tel. (.......)...........................Ext...............

Address.......................................................................................   Fax.(............)..........................................

City............................................................... State..................      Zip Code…...............

Customer Order Number ...................................

Type of Business.................................................…..       Federal Tax ID No. ................................................................

Year Established .....................................................       Resale Tax Number. ..............................................................

Credit Card Type........................................…..........        Credit Card Number...............................................................

Card Holder Name....................................….............      Card Expiration Date..............................................................

Principal Name.........................................................     Controller Name ....................................................................

By my/our signature below, I/we hereby state that I/we have read, understood, and agreed to each and every paragraph of this agreement, that I am/we are authorized to execute this agreement on behalf of the Purchaser, and that I/we have completely and truthfully answered each question above.

Authorized Signature................................................      Date.........................................................

Revision 1.3 Date: July 15, 2005


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7 Tanager Lane, Robbinsville, NJ 08691, USA * Tel.(609) 371-1258 * Fax.(609) 371-1259 * info@mttcorp.us