Williams Valve Terms & Conditions

Terms-and-Conditions-of-Sale-Nov-2020-WEBTERMS AND CONDITIONS OF SALE
In this document the following words shall have the following meanings:
“Buyer” means the organization or person who buys Goods
“Goods” means the articles to be supplied to the Buyer by the Seller;
“Intellectual Property Rights” means all patents, registered and unregistered designs, copyright,
trademarks, know-how and all other forms of intellectual property wherever in the world enforceable;
“Seller” means William E. Williams Valve Corp., 38-52 Review Avenue, Long Island City, NY 11101
These Terms and Conditions shall apply to sales of Goods by the Seller to the Buyer to the exclusion of
all other terms and conditions referred to, offered or relied on by the Buyer whether in negotiation or at
any stage in the dealings between the parties, including any standard or printed terms tendered by the
Buyer, unless the Buyer specifically states in writing, separately from such terms, that it wishes such
terms to apply and this has been acknowledged by the Seller in writing.
Any variation to these Terms and Conditions (including any special terms and conditions agreed
between the parties) shall be inapplicable unless agreed in writing by the Seller.
The price shall be the Recommended Retail Price less agreed discount, unless otherwise agreed in
writing between the parties. The price is exclusive of VAT or any other applicable costs.
Credit terms may be offered subject to satisfactory credit vetting of the Buyer by the Seller. The offer of
credit will be at the sole discretion of the Seller.
Where credit is offered payment of the price and VAT and any other applicable costs shall be due within
30 days of the date of the invoice supplied by the Seller, unless otherwise agreed in writing. In cases
where credit is not offered payment will be required before release of goods by the Seller.
The Seller shall be entitled to charge interest on overdue invoices from the date when payment
becomes due from day to day until the date of payment at a rate of 2 per cent per annum above the
base rate of the National Westminster Bank
If payment of the price or any part thereof is not made by the due date, the Seller shall be entitled to:
require payment in advance of delivery in relation to any Goods not previously delivered;
refuse to make delivery of any undelivered Goods without incurring any liability whatever to the Buyer
for non-delivery or any delay in delivery;
All balances not paid are subject to 1 ½ % monthly interest charge (18% annually) on each prior month’s
accrued balance. In the event that Seller refers Buyer’s account to a collection agency or retains an
attorney to institute any legal action to collect any money owed, Buyer will be responsible for paying all
costs of collection, including reasonable attorneys’ fee and court costs.
Any description given or applied to the Goods is given by way of identification only and the use of such
description shall not constitute a sale by description. For the avoidance of doubt, the Buyer hereby
affirms that it does not in any way rely on any description when entering into the contract.
Where a sample of the Goods is shown to and inspected by the Buyer, the parties hereto accept that
such a sample is representative in nature and the bulk of the order may differ slightly as a result of the
manufacturing process.
Unless otherwise agreed in writing, delivery of the Goods shall take place at the address specified by the
Buyer on, or as close as possible to the date required by the Buyer. The Buyer shall make all
arrangements necessary to take delivery of the Goods whenever they are tendered for delivery.
If the Seller is unable to deliver the Goods because of actions or circumstances under the control of the
Buyer, then the Seller shall be entitled to place the Goods in storage until such times as delivery may be
effected and the Buyer shall be liable for any expense associated with such storage.
Any damages, shortages, over deliveries and duplicated orders should be reported to the Seller within
14 days of signed receipt to enable replacement or refund.
In the event that U.S.A. manufacturers file anti-dumping suits and or any government ruling on imports,
including section 232, against any of the manufactures that have been offered herein, and in the event
that such legal action may restrict shipment or cause price changes, we reserve the option to renegotiate
the price or withdraw from the contract, quote, or bid.
Any margins/tariffs levied on material will be passed on to the customer in full.
Risk of loss in the Goods shall pass to the Buyer upon receipt of the goods. Where the Buyer chooses to
collect the Goods itself, risk will pass when the Goods are entrusted to it or set aside for its collection,
whichever happens first.
Title in the Goods shall not pass to the Buyer until the Seller has been paid in full for the Goods.
Non-Standard Cancellation Charges
Special ordered valves or non-stock ordered valve(s) may be considered non-returnable and noncancellable after the commencement of the manufacturing by Seller.
Any valve modified at the Buyer’s request is non-returnable.
Cancellation of non-standard material may incur up to 100% cancellation charge depending on the stage
of work in progress.
Items not returnable and/or not cancellable are marked on our quotation as such.

Sellers non-standard or special cancellation charges are as follows:

-Up to (1) one week after order entry 50%
-Casting ordered from foundry 100%
Standard Cancellation Charges
No buy back or order cancellation accepted unless Seller agrees to the terms.

Sellers standard cancellation charges are as follows:

-Order entered into system, but no engineering yet initiated 5%
-Engineering work has begun and orders for castings
and/or outside purchased parts have been placed 25%
-Castings poured and/or components made,
but not yet received at Sellers 75%
-Castings and parts received 85%
-Manufacturing process started 95%
-All components finished 100%
All goods are sold on a firm sale basis, i.e. the Seller will not take back any goods not required or sold by
the Buyer, unless otherwise agreed, in which case the following terms apply.
Any returns must be authorized by a representative of the Seller before any credit will be given.
Where the Seller agrees to accept the return of goods that are not damaged the Buyer will be
responsible for the cost of carriage and will ensure that they are carefully packaged to avoid any damage
in transit. The Seller will not be obliged to accept any goods that are damaged in any way. The Seller will
only accept returns that appear in the Sellers current Publication List.
Credit of amounts due or paid in will only be given for goods that are in saleable condition.
The Seller shall not be liable for any all loss or damage suffered by the Buyer in excess of the contract
Nothing contained in these Terms and Conditions shall be construed so as to limit or exclude the liability
of the Seller for death or personal injury as a result of the Seller’s negligence or that of its employees or
All Intellectual Property Rights produced from or arising as a result of the performance of this
Agreement shall, so far as not already vested, become the absolute property of the Seller, and the Buyer
shall do all that is reasonably necessary to ensure that such rights vest in the Seller by the execution of
appropriate instruments or the making of agreements with third parties.
The Seller shall not be liable for any delay or failure to perform any of its obligations if the delay or
failure results from events or circumstances outside its reasonable control, including but not limited to
acts of God, strikes, lock outs, accidents, war, fire, breakdown of plant or machinery or shortage or
unavailability of raw materials from a natural source of supply, and the Seller shall be entitled to a
reasonable extension of its obligations. If the delay persists for such time as the Seller considers
unreasonable, it may, without liability on its part, terminate the contract.
Nothing contained in these Terms and Conditions shall be construed as establishing or implying any
partnership or joint venture between the parties and nothing in these Terms and Conditions shall be
deemed to construe either of the parties as the agent of the other.
The contract between the Buyer and Seller for the sale of Goods shall not be assigned or transferred,
nor the performance of any obligation sub-contracted, in either case by the Buyer, without the prior
written consent of the Seller.
The failure by either party to enforce at any time or for any period any one or more of the Terms and
Conditions herein shall not be a waiver of them or of the right at any time subsequently to enforce all
Terms and Conditions of this Agreement.
If any term or provision of these Terms and Conditions is held invalid, illegal or unenforceable for any
reason by any court of competent jurisdiction such provision shall be severed and the remainder of the
provisions hereof shall continue in full force and effect as if these Terms and Conditions had been
agreed with the invalid, illegal or unenforceable provision eliminated.
This Agreement shall be governed by the laws of the State of New York, without reference to conflicts of
law principles. Any legal suit, action or proceeding arising out of or relating to this Agreement shall be
commenced in a federal court in New York or in state court in the County of Queens, New York, and the
appellate courts thereof, and each party hereto irrevocably submits to the exclusive jurisdiction and
venue of any such court in any such suit, action or proceeding.
Buyer shall not disclose any information deemed confidential without prior written consent of Seller.
Buyer shall also limit disclosure of confidential information within its own organization to employees or
directors having a need to know and shall not disclose confidential information to any third party,
whether an individual or corporation.

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