For purposes hereof, the “Warranty Period” shall cover a period of one year from date of delivery.
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Additional materials will be invoiced at cost plus 15%, additional travel expenses will be billed at cost plus 5% (airfare, car rental, etc…), additional meals and lodging will be billed at $200 per diem, and mileage will be billed at $0.65 per mile. All Contracts shall be on a fixed price basis as set forth in the Purchase Order and consistent with the scope of work in the Purchase Order.Seller may file the necessary paperwork to perfect its security interest at any time and Buyer shall cooperate fully to enable Seller to perfect its security interest. In such event, Buyer agrees to make the goods sold under the Contract available so as to enable Seller to repossess them without a breach of the peace. If Buyer defaults on any of its obligations, Seller shall have the right to repossess the goods sold under the Contract from Buyer without liability to Buyer. This security interest will be satisfied by Buyer’s timely payment in full. For all Contracts, Buyer expressly grants to Seller a purchase money security interest in goods sold under the Contract in the amount of their purchase price.Labor rates in Contracts covered by this section 4(b) for engineering, fabrication, and installation are those reflected in the Purchase Order. Overdue invoices for Contracts covered by this section 4(b) are subject to late charges of 1.5% per month of the unpaid amount. See Pricing and Delivery section of proposal for billing and payment terms.
These Terms and Conditions shall apply to the Contract regardless of whether they are specifically referenced in any Purchase Order. The Purchase Order and these Terms and Conditions signed by Buyer and Seller shall constitute the Contract.
GENERAL: These terms and conditions, together with those set forth in any written purchase order (“ Purchase Order”) with DSI Innovations, LLC (“ Seller”), shall apply to the Contract (as defined below) and shall constitute the sole terms and conditions governing the Contract.