Terms and Conditions

Terms and Conditions

 

  1. Introduction

                 1.1 These Terms and Conditions govern the sale, lease, and servicing of machinery and equipment by

                GOLDEN TECHNOLOGIES WIRE AND CABLE CO LTD. to customers.

                1.2 By purchasing or leasing from GOLDEN TECHNOLOGIES WIRE AND CABLE CO. LTD.,

                 the customer  agrees to comply with these Terms and Conditions

 

  1. Definitions
    1. “Seller” refers to GOLDEN TECHNOLOGIES WIRE AND CABLE CO. LTD.
    2. “Customer” refers to the person or entity purchasing, leasing, or receiving services.
    3. “Products” refers to the machinery and equipment supplied by Seller.

 

  1. Orders and Acceptance
    1.  All orders must be submitted in writing and are subject to acceptance by Seller.
    2. Orders are confirmed upon issuance of a purchase order or written confirmation by Seller.
    3. All orders must be confirmed in writing based on an agreed and confirmed technical specification from the buyer.

 

  1. Price and Payment Terms
    1. Prices are stated in US DOLLAR or other agreed currency prior to the order confirmation and are subject to change without notice before order confirmation.
    2. The price is understood as EXW Dongguan, China, including the cost of products or as otherwise agreed in writing.
    3. Full payment must be made within 7 days from the date of the invoice unless otherwise agreed in writing.
    4. Delayed payment will incur interest at a rate of 0.1% per 15 days or the maximum rate allowed by law.

 

  1. Delivery and Shipping
    1. Delivery times are estimates and are not guaranteed. Seller will not be liable for delays.
    2. Risk of loss transfers to the customer upon shipment of the products from Seller’s facility.
    3. Shipping and handling charges will be borne by the customer unless otherwise agreed.

 

  1. Warranties
    1. The warranty period is 12 months from the date of delivery.
    2. Any warranty claims must be made in writing within the warranty period. Warranty claims must include full details of the defect.
    3. The warranty does not cover normal wear and tear, misuse, improper installation, or unauthorized modifications.

 

  1. Returns and Cancellations
    1. Products can only be returned with prior written consent from Seller and must be returned in the original condition.
    2. Cancellations must be made in writing and are subject to cancellation fees as determined by Seller.

 

  1. Limitation of Liability
    1. Seller shall not be liable for any indirect, incidental, or consequential damages arising from the use of its products or services.
    2. The total liability of Seller shall not exceed the amount paid by the customer for the specific product or service.

 

  1. Intellectual Property
    1. All intellectual property rights related to the products, including patents, trademarks, and copyrights, remain the property of Seller.
    2. The customer is not granted any rights to use Seller’s intellectual property without written permission.

 

  1. Force Majeure
    1. Seller will not be held responsible for any delays or failures in performance caused by events beyond its reasonable control, including but not limited to natural disasters, strikes, and supply chain disruptions.

 

 

  1. Governing Law and Jurisdiction
    1. These Terms and Conditions are governed by the laws of the People’s Republic of China.
    2. Any disputes arising from these Terms and Conditions will be subject to the exclusive jurisdiction of the courts where the Seller is located.

 

  1. Amendments

12.1 Seller reserves the right to modify these Terms and Conditions at any time, and any such changes will apply to orders placed after the changes are published.

 

  1. Severability
    1. If any provision of these Terms and Conditions is found to be invalid or unenforceable, the remaining provisions will remain in effect.

 

  1. Entire Agreement
    1. These Terms and Conditions constitute the entire agreement between Seller and the customer and supserdede any prior agreements or understanding.

 

  1. Retention of Title
    1. The Seller retains title to all Products supplied until full payment of the purchase price has been received.
    2. The Customer shall handle the Products with care until title has passed.
    3. If the Customer defaults on payment, the Seller is entitled to repossess the Products, without prejudice to any further claims for damages.
    4. The Customer must inform the Seller immediately in the event of any third-party claims on the Products before the transfer of title.
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