Unless and until a formal written acknowledgment by a person authorized by the Seller signs acknowledgment, no order will become effective as a valid contract binding upon the Seller. Any provisions or conditions of Buyer’s order, which are in any way inconsistent with, or in addition to, these terms and conditions (except additional provisions specifying quantity and shipping or billing instructions) shall not be applicable or binding upon Seller.
Seller reserves the right to change or withdraw prices for the product or service it offers for sale without prior notice, subject to validity conditions set forth in quotations and or contracts. Engineering Change Orders and design changes are billing for time and material. All currency is US dollars.
Unless otherwise specified herein, subject to approval by Seller of amount and terms, Buyer shall make a final payment of the purchase price according to established terms. Terms are payable from ship date. If Buyer delays shipment, payments are to be made as though shipment has been made as specified. Overdue payments are subject to collections. Buyer shall pay Sellers collection or litigation expenses, including attorney fees. If in the judgment of Seller, the financial condition of Buyer at any time does not justify a continuance of production or shipment on the terms of payment originally specified, Seller may upon 10 days notice, require full or partial payment in advance, regardless of the payment terms originally specified. In the event of bankruptcy or insolvency of Buyer, Seller may cancel any order then outstanding and receive reimbursement for its cancellation charge.
Manufactured Parts Warranty, Remedy, and Returns
Contract discrepancies (quantity or part number) and obvious physical defect or damage must be reported by Buyer within 10 days of receipt of goods. Parts cannot be returned without Ace Electronics Defense Systems RMA and must be returned within 30 days of receipt of goods.
Seller warrants workmanship of manufactured parts for a period of 12 months from the date of shipment. Ace Electronics Defense Systems reserves the right to give written warranties, other than the standard warranty within Terms and Condition. Notice of defects shall be given to Seller in writing upon discovery. So long as such notice is within the warranty period “12 months” and parts are returned with RMA within 30 days, Seller will promptly correct defects by repair or replacement at its option without charge.
Specifically excluded from the terms of this warranty are defects or non-conformance caused by or resulting from improper application, operation, misuse or unauthorized repair, maintenance or storage of the product. Also excluded are items of characteristically indeterminate life, such as bulbs, fuses, etc.
Seller shall not have any liability of any kind under this contract unless Buyer gives Seller notice of its claim immediately upon discovery and the notice is within the warranty period. In no event shall the statute of limitations exceed one year from the date of delivery.
Ace Electronics Statement on Conflict Minerals
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, and its implementing regulations, United States law now requires that public U.S. companies report to the U.S. Securities and Exchange Commission (“SEC”) on the origin and use of Conflict Minerals within product lines manufactured by the company. If Conflict Minerals are found to be included in a company’s products, action, and due diligence is expected. The goal of the Dodd-Frank Financial Reform Law of 2010 is to reduce funding of armed groups engaged in conflict and human rights abuses.
Conflict minerals are defined as tin, tungsten, tantalum and gold which originated from the Democratic Republic of Congo (DRC) or adjoining countries.
Ace Electronics has made a preliminary determination that substantially all of its assembly consumables do not and will not contain Conflict Minerals, and due diligence will be conducted upon any exceptions noted.
Ace Electronics Policy on Conflict Minerals
As a non-publically traded company, Ace Electronics Defense Systems maintains it’s responsibly of conflict minerals reporting as a valuable member of numerous supply chains. Accordingly, Ace Electronics Defense Systems has adopted a conflict minerals policy, as outlined below. Under Ace Electronics’ conflict minerals policy…
- Suppliers are expected to supply materials that are conflict free, which means either: 1) any tin, tungsten, tantalum and gold necessary to the functionality or production of supplied materials must not directly or indirectly fund armed conflict in the DRC or adjoining countries, or 2) any tin, tungsten, tantalum and gold must be from recycled or scrap sources;
- Suppliers to Ace Electronics are advised to adopt a policy regarding conflict minerals consistent with Ace Electronics’ policy, and further implement compliance with their policy;
- Ace Electronics’ suppliers are expected to complete and pass on the CFSI public Conflict Minerals Reporting Template to their suppliers until the smelter/refiner is identified (if necessary).