Terms and Conditions
Conditions of Purchase
1. Definitions and Interpretation
These terms have these meanings when used in these Conditions:
Agreement means the agreement between the Vendor and RayGen for the supply of the Product and/or Services comprised of the Purchase Order, these Conditions and all documents attached or incorporated by reference;
Conditions means these conditions of purchase;
Confidential Information means all documentation, data, drawings, intellectual property and other information of a party (and includes without limitation Personal Information) except to the extent that such information is in the public domain through no breach of this Agreement;
GST Act means A New Tax (Goods and Services Tax) Act 1999;
Personal Information has the meaning given in the Privacy Act 1988 (Cth);
Personnel includes the Vendor's employees, agents and/or subcontractors;
Privacy Laws means:
Product means all goods or other materials to be supplied by the Vendor pursuant to the Purchase Order including work product the output of Services;
Purchase Order shall mean the document entitled "Purchase Order" in which these Conditions are referred to or attached to;
Services mean services to be provided by the Vendor specified in a Purchase Order;
RayGen means RayGen Resources Pty Ltd ABN 53 142 807 485.
Vendor means the company, firm, person or persons named in the Purchase Order and
Work means the performance of the Services or delivery, supply or manufacture in whole or in part of the Product.
2. Formation of Contract
3. Vendor's Obligations and Warranties
The Vendor:
- all Product will be new, of merchantable quality, and fit for its intended purpose; provide the full functionality and performance claimed; operate in accordance with its specifications; and calculate dates correctly for the period of the useful life of the Product;
- all Services will be provided with due skill and care to the standard reasonably to be expected of a person performing the business of the Vendor.
4. Defects
The Vendor shall, at its cost and without prejudice to any of RayGen's other rights and remedies, rectify all defects occurring in the Work within the greater of either 18 months of the date of receipt of delivery by RayGen or such longer period of warranty usually provided by the Vendor. Such rectification shall be effected as a matter of urgency and, if any defect is not rectified within a reasonable period specified by RayGen (not being less than 14 days), RayGen may engage a third party to rectify the defect and recover its costs.
5. RayGen Property
6. Intellectual Property Rights
7. Time and Delivery
8. Risk, Title and Acceptance
9. Price and Payment
10. No Inducement
If the Vendor either directly or indirectly provides to an employee of RayGen any benefit which might reasonably be construed as an inducement, then RayGen may at its option give notice to the Vendor that the Agreement is void and of no force or effect.
11. Liability, Indemnity and Insurance
- a public and products liability policy for not less than $10 million per occurrence;
- an insurance policy covering loss of or damage to the Work;
- if the Work involves consulting or design, a professional indemnity policy for not less than $5 million per occurrence; and
- such insurance as is legally required under any Workers' Compensation legislation.
