Terms and Conditions


DISTRIBUTORS and CONTRACTORS TERMS AND CONDITIONS OF SALE

All orders are subject to acceptance by MAGNIFLOOD Inc.

 

All initial orders are C.O.D. Thereafter, terms of payment are NET 30 Days on standard catalog products with approved credit application. Applicable sales tax must be paid unless a current resale certificate is on file. Orders that require special tooling or the purchase of material not manufactured by MAGNIFLOOD Inc. are considered custom orders and must be paid for in advance. A non-refundable 50% deposit is required for custom products, the balance to be PAID ONE WEEK PRIOR TO DELIVERY. In the event of cancellation, for orders involving non-stock items, the purchaser will be charged, in full for all expenses incurred up to the time of cancellation. Payment is due thirty (30) days from date of invoice. Invoices are sent on the date of shipment. If shipment is to be held for release, the invoice is sent upon completion of product manufacture. A storage fee of 1% of the invoice amount, per month (or fraction thereof), will be charged for any order left longer than one (1) week after notification of completion. Due to the cost of handling, there is a minimum billing of $150.00 per order.

 No returns will be accepted without authorization. All custom products are non-returnable for any reason. A handling charge of 20% will be charged for all returns not due to a manufacturing defect. Returns must be PREPAID and bear a RETURN AUTHORIZATION NUMBER. In the event the subject goods are or appear to be defective or non-conforming, the buyer agrees to notify MAGNIFLOOD Inc / Mag LED. of same promptly. Buyer agrees that any claim or credit by the buyer based upon buyer obtaining substitute goods shall be null and void unless buyer provides us with notice of the defect or non-conformance and we authorize the buyer, in writing, to obtain substitute goods.

 MAGNIFLOOD Inc. makes no warranty beyond those extended by the original manufacturer for ballast, lamps/LEDs and other electrical components. At no time will we do more than replace said parts if they are defective under the conditions of the original manufacturers’ warranty and only upon the prepaid return of the defective parts to MAGNIFLOOD Inc. Fixtures and fittings will hold a warranty against mechanical and electrical defects for a PERIOD OF ONE YEAR FROM THE DATE OF DELIVERY (regardless of date of installation). Replacement or repair of authorized returns found upon inspection to be mechanically or electrically defective within the warranty period constitute fulfillment of all obligations under this warranty. UNDER NO CONDITIONS WILL BACK-CHARGES FOR LABOR BE ACCEPTED. A purchase order to MAGNIFLOOD Inc. constitutes acceptance of our terms and conditions of sale.

All shipments are made F.O.B. our Factory, North Amityville, NY. Freight and handling charges are the responsibility of the customer unless waived by MAGNIFLOOD Inc/ Mag LED. in writing.

It is understood that, in the event, unpaid balances have to be referred to an attorney for collection, all reasonable costs and fees will be paid by the debtor. Invoices that are past thirty (30) days will incur a service charge of 1-1/2% per month due sixty (60) days after the invoice date. The corporation/company (A/K/A customer) accepts full responsibility and guarantees full payment to MAGNIFLOOD Inc. of any and all debt incurred by (hat corporation/company, including finance, attorney and court fees.

 MagniFlood Inc. / Mag-LED Solutions
7200 New Horizons Blvd – North Amityville, NY 11701   tel: 631.226.1000 fax:   631.226.4444   web: www.magniflood.com   email: sales@magniflood.com
Effective 02/2010