1.    Payment terms for design contracts and ordered components: 50% ARO, 50% at completion unless otherwise agreed in writing.

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2.   Payment terms for ongoing design services contracts: Net 15 unless otherwise stated on invoice.

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3.   Quotations are valid for 15 days unless otherwise stated on quotation.

 

4.   Optopax to perform all design, assembly and testing in good faith and best effort using commercially reasonable efforts.

 

5.   All products and services are Ex-Works San Jose, California unless otherwise stated on invoice.

 

6.   Agreed orders are non-cancellable and non-refundable.

 

7.   Warranty period for finished goods is three months from date of shipment. Disassembly or reverse-engineering of finished products will void the warranty 

 

8.   TO THE MAXIMUM EXTENT PERMITTED BY LAW, OPTOPAX SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, INDIRECT, PUNITIVE, INCIDENTAL, OR SPECIAL DAMAGES, LOSS OF PROFITS, DATA OR REVENUES, OR OTHER INTANGIBLE LOSSES, RESULTING FROM USE OF OUR PRODUCTS OR SERVICES.

 

9.   Both parties agree to abide by the terms of executed Mutual NDA as it relates to this order.        

 

10. Applicable California Sales Tax will automatically be added to all invoice amounts for parts unless Optopax is provided, at time of order placement, with a copy of your California Resale Certificate exempting California Sales Taxes.

 

11. A late fee of $75 and a carrying charge of 2% per month will be added to overdue invoices.  Bank charges and wire transfer fees are not included in the invoice and must be paid by the payer.

 

12. Acceptance of a quotation or initiating a purchase order signifies acceptance of these Terms and Conditions.