TERMS & CONDITIONS
1. CONTROLLING DOCUMENT:
Nature Coatings Inc. (“Nature Coatings”) hereby accepts the Buyer’s order pursuant to and
conditioned on the Buyer’s assent to the terms and conditions set forth herein, and Nature
Coatings agrees to furnish goods (the “Product” or “Products”) only upon these terms and
conditions. This document constitutes the entire agreement between the parties. Differing
terms and conditions shall require a separate written agreement. THE TERMS OF THIS
AGREEMENT SHALL SUPERSEDE ANY CONFLICTING TERMS CONTAINED ON THE
BUYER’S PURCHASE ORDER OR ANY DOCUMENT OR INSTRUMENT SUBMITTED BY
BUYER. No course of prior or current dealings between the parties and no usage of trade
shall be relevant to, supplement or explain any term nor shall course of prior or current
dealings constitute a waiver of any of the terms contained herein. Photocopies, electronic
copies and facsimile transmissions of documents shall be effective as originals and shall be
considered a “writing” between the parties. Buyer is deemed to have accepted the Terms
& Conditions contained herein upon shipment of the Product.
2. PRICES AND TAXES :
Buyer shall pay Nature Coatings the price expressly quoted by Nature Coatings in writing to
the Buyer. Nature Coatings reserves the right to change the price on future orders of
Products. All prices listed or quoted shall be exclusive of delivery charges, taxes, customs,
duties, or other customary shipping fees unless otherwise expressly stated.
3. TERMS OF PAYMENT:
Regardless of if Buyer signs order confirmation, by accepting product and/or shipping and/or
picking up product, Buyer agrees to the following: to pay invoice within offered payment
terms; if late, late fees apply per below terms; and if a collections agency or legal action is
required, Buyer agrees to pay all collection fees and attorney’s fees of any claim amount.
Payment for Product shall be due as of the payment date stated on Nature Coatings’ invoice.
Any overdue payment may be subject to a late payment interest charge of 1.5% per month
(18% per year) or the highest amount permitted by law, whichever is less. Unless otherwise
indicated in writing, each shipment shall be considered an independent transaction and
payment therefore shall be made accordingly. Invoiced freight charges include applicable
shipping, handling, and processing charges. All orders are subject to approval of Nature
Coatings credit department. If in the judgment of Nature Coatings, the financial condition of
the Buyer at any time does not justify continuance of shipment on the terms of payment
specified, Nature Coatings may require full or partial payment in advance. In the event of
bankruptcy or insolvency of Buyer, or in the event of any proceeding brought by or against
Buyer under insolvency laws, Nature Coatings shall be entitled to cancel any order of the
Buyer then outstanding and shall receive reimbursement from Buyer for Nature Coatings’
cost as of the date of cancellation. Buyer authorizes Nature Coatings to investigate Buyer’s
credit and financial standing, Buyer will supply any financial information reasonably
requested by Nature Coatings. Nature Coatings agrees to hold such information confidential,
and Nature Coatings reserves the right to require Buyer’s principles to guarantee payment
on any order before, during or after fulfillment of any order. Nature Coatings shall maintain a
priority purchase money security interest in the Product (and replacement) delivered
hereunder and in the proceeds from the sale and disposition thereof, until Buyer has made
payment in full for such Product. Buyer shall, upon request by Nature Coatings, execute all
documents necessary to perfect such security interest in Product. Nature Coatings has the
right, upon demand, to repossess Product delivered hereunder if Buyer fails to make timely
payment. All payments shall be made without any deduction and free of any set-off or other
counterclaim.
4. SHIPMENT:
Nature Coatings makes efforts to meet Buyer’s requirements for Product delivery whenever
possible. However, any shipping, delivery, or processing dates as indicated by Buyer or
Nature Coatings are estimates only, and Nature Coatings shall have no liability to Buyer for
failure to complete delivery of an order by the date indicated or for any of Buyer’s incidental,
indirect or consequential damages arising from a delay. Nature Coatings shall ship Product
to Buyer Ex Works, unless otherwise specified in writing between the parties. Nature
Coatings’s title to Product passes to Buyer upon delivery of Product to the carrier for
shipment, with carrier acting as Buyer’s agent. Buyer assumes the risk of loss for Product in
transit and shall be responsible for obtaining insurance, if desired. For foreign shipments,
Buyer assumes all risk and responsibility relating to entry of Product into the country of
destination, and Nature Coatings makes no warranties or guarantees relating thereto, and
shall have no liability relating thereto. Nature Coatings will not consider any claim for
non-conforming Product or shortages (“Non-Conformances”) unless Buyer complies with the
notice and authorization requirements set forth at paragraph 5. Buyer may not return Product
without Nature Coatings’ written authorization. If a return is authorized, Buyer shall return all
non–conforming Product within 10 days after receipt of authorization, and shall ship the
Product Ex Works. All conforming products are non-returnable and non-refundable. All
non-conforming Product sought to be returned must be received not later than 30 days after
originally shipped by Nature Coatings. All returns must be sent to Nature Coatings Inc., 1826
Clay Rd. Valdosta, GA 31601 USA unless otherwise directed by Nature Coatings. All
unauthorized returns will become the property of Nature Coatings and no credit will be
issued. Product for which delivery is suspended pending payment by Buyer, as well as
Product of which delivery is wrongfully rejected or not accepted by Buyer, shall be held and
stored by Nature Coatings at risk, cost and expense of Buyer. Special delivery terms may
apply; contact Nature Coatings for details.
5. INSPECTION :
Buyer shall be responsible for inspecting and examining all Product shipped hereunder prior
to acceptance. Buyer shall give Nature Coatings written notice of rejection specifying the
alleged Non-Conformance within five days following delivery to Buyer. Failure to provide
such written notice of rejection within the five days of delivery shall be deemed to be
acceptance of the Product by the Buyer as of the date of shipment. Any resale, commingling,
alteration or incorporation of the Product by the Buyer shall be deemed acceptance of the
Product as of the date of shipment. If Nature Coatings handles delivery and damage occurs
during trucking, damage must be noted on the Bill of Lading, clear pictures taken, amount of
unusable product noted, and requested refund amount stated. All information must be sent to
Nature Coatings within five days following delivery to Buyer. No freight damage refunds can
be issued if proper procedures are not met.
6. WARRANTY:
There are no express warranties hereunder. The liability of Nature Coatings for any claim
brought by the Buyer is limited, at Nature Coatings’ option, solely to replace the Product, or
apply an appropriate credit adjustment not to exceed the sales price of the Product to Buyer.
If the claim is relative to Non-Conformance, Buyer is only entitled to the remedies listed
above provided that:
(a) Nature Coatings is notified in writing by Buyer within five days of receipt of alleged Non
Conformance setting forth the alleged Non-Conformance, date of purchase, date of receipt,
and invoice number;
(b) Buyer shall set aside and hold such Product without further use or processing until Nature
Coatings advises Buyer as to the proper disposition of the Product;
(c) And unless shortage, the Products returned to or inspected by Nature Coatings, and
Nature Coatings determines that Non-Conformance exists, and was not caused by
negligence, misuse, improper storage, or accident. Buyer shall have no right to “cover” by
procuring substitute goods at the expense of Nature Coatings. Nature Coatings HEREBY
MAKES NO OTHER WARRANTY EXPRESSED OR IMPLIED. Nature Coatings
EXPRESSLY EXCLUDES THE IMPLIED WARRANTIES OF MERCHANTABILITY AND OF
FITNESS FOR A PARTICULAR PURPOSE, AND ALL OTHER OBLIGATIONS OR
LIABILITIES ON THE PART OF Nature Coatings. Nature Coatings NEITHER ASSUMES
NOR AUTHORIZES ANY OTHER PERSON TO ASSUME FOR Nature Coatings ANY
LIABILITIES. UNDER NO CIRCUMSTANCES SHALL Nature Coatings, ITS AFFILIATES,
SUPPLIERS, SUBCONTRACTORS OR AGENTS BE LIABLE TO THE BUYER OR ANY
OTHER PERSON FOR ANY KIND OF SPECIAL, INCIDENTAL, INDIRECT,
CONSEQUENTIAL, OR PUNITIVE DAMAGE, LOSS OR EXPENSE. Buyer’s remedies
under this Agreement for any claim against Nature Coatings shall be solely and exclusively
limited to replacement of the Product or a credit not to exceed the sales price of the Product
to the Buyer. This section sets forth the sole and exclusive remedy against Nature Coatings.
No action may be taken against Nature Coatings for breach of this Agreement more than
one year after the accrual of the cause of action.
7. INTELLECTUAL PROPERTY:
All specifications, designs, data methods, patterns, and ideas made, used, conceived,
developed or acquired by Nature Coatings incident to its performance under this Agreement
and all patent, trade-secret, know how, copyright, trademark or other proprietary right therein
shall be the exclusive property of Nature Coatings, and no part of the purchase price
hereunder shall be deemed applicable to acquisition of or licensing of the foregoing unless
otherwise agreed to in writing by Nature Coatings. No licenses to any intellectual property of
Nature Coatings (including use of trademarks and trade names) are granted to Buyer. Nature
Coatings HEREBY MAKES NO REPRESENTATION OR WARRANTY WHATSOEVER
ABOUT THE NON-INFRINGEMENT OF ANY THIRD PARTY’S INTELLECTUAL
PROPERTY. Nature Coatings WILL NOT BE OBLIGATED TO DEFEND AND DOES NOT
INDEMNIFY BUYER IN ANY WAY WHATSOEVER RELATING TO ANY THIRD PARTY’S
INTELLECTUAL PROPERTY.
8. FORCE MAJEURE :
Nature Coatings shall be relieved of the performance of its obligations for the duration and to
the extent that it is prevented in the performance of its obligations by reasons of force
majeure. For purposes of this clause, force majeure is defined as circumstances or events
which may have not been foreseen at the time of entering into this transaction, which are not
the fault of Nature Coatings and which prevent the performance of all obligations hereunder
and which are not capable of being remedied. Force majeure events include, but are not
limited to, acts of God, acts of war, acts of the Government, acts of Buyer, inability to obtain
necessary labor, materials or manufacturing facilities, Pandemics, blockades, revolutions,
industrial disputes and commercial impracticality.
9. INDEMNIFICATION:
Buyer shall indemnify, defend, and hold Nature Coatings, its employees, suppliers, and
agents harmless from and against any and all liabilities, damages, injuries, claims
(irrespective of the legal theory on which any claim is based), suits, judgments, causes of
action, and expenses (including attorneys’ fees, court costs and out-of-pocket expenses)
suffered or incurred by Nature Coatings as a result of any action or omission by Buyer, its
employees or agents.
10. ASSIGNABILITY:
Nature Coatings may assign or subcontract all or any portion of its right or obligations with
respect to sale of the Product or assign the right to payment without Buyer’s consent. Buyer
may not assign these Terms and Conditions, or any of its rights or obligations herein without
prior written consent of Nature Coatings subject to the restrictions in assignment contained
herein. These Terms and Conditions will be binding on and inure to the benefit of the parties
hereto and their successors and assigns. No portion of this Agreement will be deemed
waived, amended or modified by either party unless such waiver, amendment or
modification is in writing and signed by both parties.
11. LAW AND JURISDICTION:
This agreement shall be deemed to be made in Nevada and governed in all respect by
Nevada law. The parties to this agreement irrevocably consent to the exclusive jurisdiction of
the State and Federal Courts located in the state of Nevada. BUYER WAIVES RIGHT TO A
TRIAL BY JURY. If any portion of this Agreement is found by a Court of competent
jurisdiction to be invalid, illegal or otherwise unenforceable, the same shall not affect the
remainder of this Agreement.
12. PROPRIETARY/SPECIAL ORDERS:
If Nature Coatings deems an order proprietary or a special order Nature Coatings will advise
Buyer as to the same. Buyer shall be liable to Nature Coatings for any and all proprietary or
special order items purchased by Nature Coatings purchased for Buyer by Nature Coatings
including any and all inventory as to same. If buyer seeks Proprietary or special orders or
custom made products, Buyer shall be responsible for any and all costs associated with
same. Nature Coatings will invoice Buyer two weeks after the later of when the product is
ready and or the testing report is available. Buyer shall make payment in full within the
payment’s terms between the parties.