Golden Valley Products, Inc. Terms and Conditions of Sale
Prices quoted are based on material and labor costs as of the date of the estimate and are subject to adjustment in accordance with changes in costs that may occur before or after the order is accepted. Quoted prices do not constitute acceptance of the job. Only after review of final specifications and all pertinent information at the time of the order will the price be considered as accepted. Changes requested by the buyer after the order is accepted will incur additional costs. Quotations expire 30 days after they are drafted. Prices are subject to change without advance notice and updated quotes will only be issued upon request from the buyer. No purchase orders will be accepted on expired quotes without prior approval.
All quotations are based on the buyer accepting over-run or under-run on each part not exceeding 10% of quantities ordered. Where closer control of quantity is required, arrangements must be made in advance and a new quote will be issued to the Buyer reflecting new pricing and customer specific requests. If the Buyer initiates no such arrangement, Golden Valley Products, Inc.’s responsibility is only to deliver a quantity of parts in this range.
Customers opting to purchase larger quantities to achieve a better lot price must place all orders on the same purchase order and can only extend their delivery dates out six months from the date of the first delivery. Customers will be invoiced for art, engineering, photo tools, hard tooling, and all other nonrecurring costs upon receipt of signed proof, the balance of the order will be invoiced upon release of the parts. Customer will be obligated to take possession of these parts even if they are discontinued or revised. They may not add or subtract from the original purchase order at a later date.
All sales are subject to credit approval of Golden Valley Products, Inc. All pending credit approval and international customer’s terms are prepay.
Terms are from the date of the invoice, not the date the goods are received.
1% – 10 days
Net – 30 days
Payment accepted in US currency only. Fees, taxes and duties associated with domestic and international payment to GVP are customers/purchasers responsibility. Any outstanding balances unpaid on the date when due to the seller shall be subject to a finance charge of 2% per month until paid. Buyer shall be liable for all legal fees incurred in collecting any unpaid balances. The discount is only available to customers who are current on all outstanding balances.
Orders, either written or verbal, cannot be cancelled except under terms that will compensate Golden Valley Products, Inc. against losses due to materials ordered and/or used and labor costs incurred. Cancellation charges for work in progress will be determined at the time of cancellation and will be based on GVP’s cost and lost profits and percentage of work complete.
Tools, Tooling Chargers, Fixtures, Film, Digital Files, Etc. :
Tools, dies, fixtures, film, digital files, and their art and engineering design are all integral parts of the Golden Valley Products, Inc.’s manufacturing processes. Therefore, separate quotation to, or payment by buyer for these items, supplied by GVP, conveys neither ownership nor the right of removal from GVP’s facility. GVP warrants the tooling, fixtures and film for a period of 5 years against damage or defects unless otherwise stated on the estimate. After that period, GVP is not responsible for the costs associated with the repair or replacement of these items.
A standard handling charge of $5.00 will be added to freight costs for each package shipped UPS standard delivery and $8.20 for each package shipped Fed-Ex, within the continental United States.
Additional charges will be made in accordance with the individual freight guidelines for “next day or two day” service, as required by the customer.
Whenever customer requires courier service or a GVP hand delivery, a minimum of $40.00, $60.00 for direct will be charged for freight.
All shipments out of the United States may require an additional $50.00 charge for export documentation preparation beyond shipping charges. Shipment charges not billed directly to the customer’s air bill number will be made in accordance with, and comparable to, individual carrier charges for the required service.
Delivery/Risk of Loss:
The delivery of the goods by Golden Valley Products, Inc. to the carrier at the point of origin shall constitute delivery of the goods to Buyer and thereafter the shipment of the goods shall be Buyer’s risk. All claims and allowances for damage to the merchandise incurred in transit must be filed against and presented to the carrier by the Buyer.
If buyer claims delivery of material is not as ordered, he must notify Golden Valley Products, Inc. within 10 days of receipt of shipment. Claims made after the expiration of such period will not be allowed. If such claim is sustained, GVP shall, at their option, repair, replace, or complete the order. Charges for repair or inspection of parts by Buyer without prior authorization will not be honored.
Warranty and Limitation of Liability:
Golden Valley Products, Inc. obtains both written and verbal specifications from the buyer in order to generate a proof. This proof is submitted to the buyer for inspection and final approval. A signed copy is then returned to GVP indicating agreement to the specifications required for manufacturing the parts. GVP warrants that goods manufactured will conform to the specifications detailed on the signed proof. If parts are found to have defects or be out of tolerance per the signed proof, parts must be returned to GVP within 30 days of receiving the parts in which the parts will be promptly replaced. If within one year from the date of manufacture, the goods manufactured by GVP are found to have defects in workmanship, the goods will be repaired, replaced, or credited at GVP’s option. GVP does not warrant any product against damage from corrosion, contamination, misapplication, improper specification or wear and tear and operational conditions beyond GVP’s control. GVP will not be held responsible for damage incurred to customer-supplied parts during our processes. GVP must be notified in writing of the alleged failure of product within 30 days of such event and advanced authorization for repair or replacement must be obtained in writing from GVP. Products manufactured by others, but furnished by GVP are limited to the original manufacturer’s warranty and GVP shall not be liable under any circumstances for defects in such products.
THIS WARRANTY IS MADE EXPRESSLY IN LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY WARRANTY ARISING FROM A COURSE OF DEALING OR USAGE OF TRADE, AND ALL OTHER SUCH WARRANTIES ARE SPECIFICALLY EXCLUDED. THE CORRECTION OF ANY DEFECT IN OR FAILURE OF PRODUCTS BY REPAIR OR REPLACEMENT TO THE EXTENT SET FORTH ABOVE SHALL BE GVP’S LIMIT OF LIABILITY AND THE EXCLUSIVE REMEDY FOR ANY AND ALL LOSSES, DELAYS, OR DAMAGES RESULTING FROM THE PURCHASE OR USE OF THE PRODUCTS. IN NO EVENT SHALL GVP BE LIABLE FOR SPECIAL, INDIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES. GVP SHALL NOT BE LIABLE FOR, AND BUYER AND ANY OTHER PERSON OR ENTITY TO WHOM PRODUCTS ARE TRANSFERRED DURING THE PERIOD OF THIS WARRANTY ASSUMES RESPONSIBLITY FOR, ALL PERSONAL INJURY AND PRPERTY DAMAGE RESULTING FROM OR RELATED TO THE HANDLING, POSSESSION, OR USE OF PRODUCTS MANUFACTURED AND SOLD BY GVP HEREUNDER.