UAM Standard Terms and Conditions

Description

Standard Terms and Conditions STANDARD TERMS & CONDITIONS FOR PURCHASE ORDERS BOARD OF TRUSTEES OF THE UNIVERSITY OF ARKANSAS ACTING FOR AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS - MONTICELLO 1. GENERAL: These Standard Terms and Conditions are incorporated by reference in each Purchase Order (PO) issued by the University of Arkansas –Monticello (“UAM” or “the University), and are agreed to by both vendor and the University, provided that any Special Terms and Conditions included in the University’s PO take precedence over these Standard Terms and Conditions. No additional terms and conditions of this contract shall be accepted without the written consent of the University. In the event of a conflict between the terms and conditions offered by the University, and any terms provided by Vendor, the University terms and conditions shall control. 2. PRICES: In case of errors in extension, unit prices shall govern. Unless otherwise specified, all prices are F.O.B. the UAM Campus. 3. DISCOUNTS: All cash discounts offered will be taken if earned. 4. TAXES: The University of Arkansas –Monticello is NOT exempt from paying sales or use taxes, except on those items and /or purchase transactions that are specifically exempted by law. When applicable, state sales tax must be itemized on invoices. 5. ANTITRUST ASSIGNMENT: The Vendor named on this PO, acting herein by the authorized individual, its duly authorized agent, hereby assigns, sells and transfers to the State of Arkansas all rights, title and interest in and to all causes of action it may have under the antitrust laws of the United States or this State for price fixing, which causes of action have accrued prior to the date of this assignment and which relate solely to the particular goods or services purchased or produced by this State pursuant to this contract. 6. GUARANTY: All items shall be newly manufactured, in first class condition, latest model and design, including where applicable, containers suitable for the shipment and storage, unless otherwise indicated. Vendor hereby guarantees that everything furnished hereunder will be free from defects in design, workmanship and material; that if sold by drawing, sample or specification, it will conform thereto and will serve the function for which furnished hereunder. Vendor further guarantees that if the items furnished hereunder are to be installed by the Vendor that such items will function properly when installed.