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It is hereby agreed between WAI CHI OPTO TECHNOLOGY LIMITED (referred to as “WAICHI”) and the purchaser/licensee (referred to as “Buyer”) to the following terms and conditions:
 
1. GENERAL
 
All sales of goods and provision of services are made by WAICHI only upon the terms and conditions as stated on the other side of this quotation (“the Order Form”) which is effective upon acceptance in writing by WAICHI after receipt of your signed Order Form. Unless otherwise agreed by both parties in writing, no additional, different, or conflicting term in any purchase order or other document shall become part of the agreement between the parties. The placing of an order with WAICHI shall by itself constitute acceptance of these terms and conditions. The Agreement represents the entire agreement of the parties and proposals, negotiations, representations or agreements made or entered into prior to or contemporaneously with this Agreement, whether verbal or written, are excluded. Written quotations are valid for 30 days from the date therein. After which quotations shall be deemed revoked by WAICHI. Quotations are not binding on WAICHI unless and until WAICHI confirms in writing with company chop.
 
2. ACCEPTANCE
 
Confirmation will be sent to Buyer by email within 3 business days beginning from the date of purchase request notifying Buyer the expected delivery date. The Order Forms will be signed by WAICHI representative with WAICHI chop indicating that the orders have been accepted.
 
3. PRICES
 
In case of price increase by our factories and/or suppliers, we reserve the right, without any liability, to apply the justified price increase a month in advance to the orders or do not execute parts of orders, even if WAICHI has accepted the orders. In the event of a price increase, all accepted orders on hand will be fulfilled at lower prices provided such orders are released for shipping prior to the effective date of the price increase.
 
4. PAYMENT
 
WAICHI shall be entitled to issue a performance invoice to Buyer, when WAICHI accepts the order. Buyer shall make payment according to the terms stated on the performance invoice.
Payment methods include paypal, wire bank transfer (TT) and L/C
Options will be shown on the quotation given.
Credit terms will only available to Buyer with historical transactions with WAICHI; and they will be only offered upon the approval of WAICHI’s financial department.
Copyright @ 2014 WAICHI, ALL RIGHT RESERVED
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