15-Page Purchase Agreement Template for English Contracts

('PURCHASEAGREEMENTBetweenXXXXXAndXXXXX1TABLEOFCONTENTS1DEFINITIONS2BASICPRINCIPLES3CONTRACTDURATION4PRICE5PURCHASEORDER6WARRANTY7TESTANDINSPECTION8DRAWINGS,REPORTS,MANUALS,ETC.9DELIVERY10PACKING,MARKINGANDDOCUMENTATION11DELAY12CONFLICTS13EXPEDITING14LIQUIDATEDDAMAGES15FORCEMAJEURE16NON-DISCLOSURE17INDEMNITYANDLIABILITY18ASSIGNMENT19SUSPENSION20CANCELLATIONANDTERMINATION21TRADETERMS22COMPLIANCEWITHLAW23NON-WAIVER24BUYER’SRIGHTS25ARBITRATION26MISCELLANEOUSPROVIONSENTIERAGREEMENTNOTICESGOVERNINGLANGUAGEGOVERNINGLAW2PURCHASEAGREEMENTThisPURCHASEAGREEMENTismadeandenteredintoonJan04,2018betweenXXXX.aXXcorporationwithitsregisteredaddressatXXX(the“Buyer”)andXXXXaXXcorporationwithitsregisteredaddressatXXX(the“Seller”)Inconsiderationofthetermsandconditionshereincontained,thepartiesheretoagreeasfollows:1.DEFINITIONSUnlessthecontextotherwiserequires,thetermsdefinedinthisArticle1.0shallhavethemeaningshereinafterspecified:“Buyer”meansXXXX“Customer”meanstheperson,firm,companyoranyotherentitythattheBuyersellsdirectlyorindirectlyitsproductsforwhichtheGoodsareoraretobeused.“Goods”meansalltheequipment,materials,machinery,etc.tobesuppliedbytheSellerunderthePurchaseOrder.“Price”meansthepricestipulatedinArticle4hereof.“PurchaseOrder”meansthedocumentbearingthattitleintowhichanyconditionsofpurchase,andallotherdocumentsandattachmentsareincorporatedandinwhichtheorderisdescribed.“Seller”meanstheperson,firm,companyoranyotherentitythatthePurchaseOrderisoristobeplacedwith.“Specifications”means,inrelationtotheGoods,allthetechnicalspecifications,drawingsandothertechnicaldocumentssuppliedbytheBuyerandalsosuchspecificationsand/orothertechnicaldocuments,ifany,asmaybeagreeduponandmadebytheSellerandtheBuyer.2BASICPRINCIPLES3(a)TheSellerandtheBuyermutuallyestablishthattheprimaryobjectiveas“CustomerSatisfaction”andwillworksothatsalesandpurchasetransactions(“Transactions”)underthisPurchaseAgreement(the“Agreement”)andpurchaseordertobeissuedtotheSellerbytheBuyerfromtimetotimeundertheAgreementmaybemadeonacontinuousbasisandmaypromotemutualinterestandprosperity.(b)TheSellerandtheBuyershallusetheirbestintereststoestablish,developandmaintain,byfaithfulperformanceofTransactions,alongtermrelationshipbasedonaspiritofmutualtrustandco-operation.3CONTRACTDURATIONTheinitialtermoftheAgreementshallbeforone(1)yearfromtheeffectivedatefirstabovewritten.Thereafter,theAgreementshallbeautomaticallyrenewedforadditionalsuccessiveone(1)yeartermunlesseitherpartyprovidestheotherpartywithwrittennoticeatleastsixmonthspriortoexpirationoftheinitialtermorrenewalterm,ascasemaybe,ofthenotifyingparty’sintenttoterminatetheAgreementattheendofthethencurrentinitialorrenewalterm.Ifsuchnoticeisprovided,theAgreementshallterminateattheendoftheapplicableinitialorrenewalterm.4PRICEThePriceistheconsiderationtobepaidbytheBuyertotheSellerforthecompletedeliveryoftheGoodsandperformanceofallnecessaryservicesandobligationsinaccordancewiththeAgreement.SuchPriceshallcoveranyandallservicesandobligationsoftheSellerhereunderstipulatedincluding,butnotlimitedto,inspection,expediting,documentationinaccordancewiththeSpecificationsand/ortheAgreementandshipmentinaccordancewithshippingandpackinginstructionstobeissuedbytheBuyer.SuchPriceisalumpsumandnotsubjecttoescalationinrespectofmaterialsand/orlaborcostsoranyotherfactororvariationinratesofexchange.Taxes,charges,fees,theSeller\'sprofitandallotherexpensesareincludedinthePrice.5PURCHASEORDER4ThePurchaseOrdershallsetoutthePricewhichshallbeagreeduponbetweentheBuyerandtheSeller.ThePriceandothertermsandconditionsofpurchasemaybeamendedbyagreementbetweentheparties,andsuchagreedamendmentshallbeconfirmedinwriting.UnlessotherwisespecifiedinthePurchaseOrder,thisPurchaseAgreementshallapply.TheSellershallissuewrittenacceptancetotheBuyerimmediatelyafterreceiptofthePurchaseOrder.ShouldthewrittenacceptanceofSellernotbereceivedbytheBuyerwithinfourteen(14)daysaftertheissuanceofsuchPurchaseOrder,itshallbedeemedtohavebeenacceptedbytheSeller.6WARRANTYUnlesscoveredbythePurchaseOrder,thefollowingwarrantyprovisionsshallapply.TheSellershallconveytotheBuyergoodtitletotheGoodsfreeofanyencumbrances,lienorsecurityinterest.TheSellerwarrantsthattheGoodsshallfullyconformtoanyandallspecifications,descriptions,designs,drawings,data,samples,modelsorotherrequirementsofthePurchaseOrder,andshallbeofmerchantablequality,freefromalldefectsindesign,materialandworkmanship,andshallbefitforandsuitableforthepurpose(s)intendedbytheBuyer.Shouldanydefect,withoutlimitation,indesign,materials,workmanship,operatingcharacteristicsorperformanceoftheGoodsdevelopwithinsixty(60)daysafterthearrivaloftheGoodsattheirfinaldestination,theBuyershallnotifytheSellerofsuchdefectandtheSellershall,atitsexpense,doallthingsnecessarytomakegoodthedefectassoonaspossibleafterbeingorderedtodosobytheBuyer.Asforlatentdefects,theSellershallberesponsibleforthematanytimeafterthedeliveryandshalltakeaforesaidmeasuresfordefectsupontheBuyer\'sorder.TheSellershallcompensatetheBuyerforanyandalllossessufferedbytheBuyerasaresultofsuchdefects.TheSellerwarrantsthatanydefect,unlessotherwiseagreed,shallberemediedbytheSellerinaccordancewithoneormoreofthefollowingmethodsattheBuyer\'soption:(1)ThedefectivepartorthewholeoftheGoodswillbereturnedtothe5Seller\'sworksand,afterrepair,bedeliveredatthetimeandtotheplacedesignatedbytheBuyer.Thefreight,insuranceandallothercostsofreturningandreshippingthedefectivepartorthewholeoftheGoodsshallbebornebytheSeller.AnyandallrelatedcostsandexpensesforthereplacementonBuyer\'spartshallbealsobornebytheSeller.(2)TheSellershall,immediatelyafterreceiptoftheBuyer\'snoticeofthedefects,shipatitsexpensetotheBuyerattheplacedesignatedbytheBuyer,thepartsorwholeoftheGoodstoreplacethedefects,providedthatthedefectivepartorthewholeoftheGoodsshallbereturnedtotheSellerassoonaspracticableafterreceiptofsuchreplacementpartorthewholeoftheGoodsbytheBuyer,withthefreight,insuranceandallothercostsofsuchreturningtobebornebytheSeller.AnyandallrelatedcostsandexpensesforthereplacementontheBuyer\'spartshallbealsobornebytheSeller.(3)TheSellershall,immediatelyafterreceiptofBuyer\'snotificationofthedefect,dispatchengineer(s)totheplacedesignatedbytheBuyeratitsexpensetorepairorreplacethedefectivepartifrequiredbytheBuyer.Itisunderstood,however,thatifsoinstructedbytheBuyer,shipmentundersub-clauses(1)and(2)aboveshallbemadebyair-freightandintheeventthattheSellerdoesnottakepromptactiontofulfillitsobligationshereunder,theBuyermay,withoutprejudicetoanyofitsrightsundertheAgreement,carryouttheremedialworkbyitselfandchargetheSellerforthecostsofthework.Anypartssuppliedinreplacementofthedefectivepart(s)oftheGoodsortheGoodsrepairedpursuanttotheforegoingprovisionsshallbesuppliedandrepairedonthesametermsandconditionsasprovidedhereinforthesupplyoftheGoodsandinparticularafreshwarrantyperiodshallapply.7TESTANDINSPECTIONTheSellershallconduct,atitsresponsibilityandexpense,alltestsandinspectionsasrequiredbytheSpecificationsand/ortheAgreement.TheBuyershallreservetherighttoinspectorwitnessthetestoftheGoodsatanytimeandplaceincludingtheSeller\'sworksanditssub-vendor\'s.InspectionsbytheBuyeroritsdesignedand/ortheirwitnessingoftheSeller\'stestandinspectionshallnotrelievetheSellerofanyofitsresponsibilitiesorliabilitiesunderthePurchaseOrder.68DRAWINGS,REPORTS,MANUALS,ETC.TheSellershall,atitsownexpense,furnishbyairmailalldocumentsanddatarequiredbytheBuyerincludingspecifications,drawings,inspectionreports,millcertificatesandmicrofilmsandthelikeatthetimesandinthenumberofcopiesrequiredinthespecificationand/ortheAgreement.TheBuyerwillexaminesuchdocumentsanddatafurnishedandwillreturnthemwithcomments,requestforrevision,orapproval,ifnecessary.ApprovalbytheBuyerofsuchdocumentsanddatashallneitherrelievetheSellerofanyofitsobligationsundertheAgreementnorimplythattheBuyerwillassumeresponsibilityfortheaccuracyofsuchdocuments.9DELIVERY(a)DeliveriesoftheGoodsaretobemadebothinthequantitiesandatthetimeandplacespecifiedinthedeliveryinformationfurnishedbytheBuyer.TheBuyerwillhavenoliabilitytopayfortheGoodsdeliveredtotheBuyerwhichareinexcessofquantitiesspecifiedinthedeliveryschedules.OvershipmentsofanyGoodsshall,ifsorequestedbytheBuyer,bereturnedatSeller’sriskandexpense.(b)AllgoodscarriageshallbepaidtoBuyer’spremisesunlessalternativearrangements,withcostsbornebytheBuyerifexpeditedfreightrequiredduetoBuyer’sissuee.g.schedulepullforward.(c)TheSellershallpayforexpeditedtransmissionfreight(includingairfreightifrequired)toensureagreedschedulestobemaintained.(d)TheSelleracknowledgesthattheBuyeroritsagentmay,fromtimetotime,requireemergencyshipmentsoftheGoodsforproductionorservicerequirements,andtheSellerwilluseitsbestendeavorstomeetsuchrequirementswithinthetimeframerequested.IntheeventthatsuchshipmentsarerequiredduetotheSeller’sfailuresuchshipmentswillbeatSeller’sexpense.(e)TheSelleragreestohonourallagreedinstructionsfromtheBuyerconcerningthemethodofshipping,routingandinvoicingofshipment.10PACKING,MARKING&DOCUMENTATION7(a)UnlessotherwiseinstructedbytheBuyer,allproductsaretobeprepared,packedandmarkedsuitablyforshipmentsoastosecuresafedeliveryandthelowesttransportationrate,andtomeetallsafety,environment,legalandcarrier’srequirements.IfcarriedtheBuyershallretaintherighttoapproveallpackaging,containersandmarkingproposedbytheSellerpriortoShipment.(b)Anyloss,damage,ordeteriorationoccurringasaresultofimproperpackingorprotectionoftheGoodsbytheSellershallbebornebytheSeller.(c)AseparateDeliveryNoteandInvoicesmustberenderedforeachindividualdeliveryoftheGoodsforeachoftheseparateBuyer’soperatingcompanies,exceptinthecaseofalinetopupwhereadaily(oragreedperiod)deliverynoteandinvoiceisrequired.(d)AnyformofcontainerizationownedbytheBuyerremainstheresponsibilityoftheBuyerintheeventofanymaintenancetobecarriedout.11DELAYIf,atanytime,theSellerhasreasontobelievethatdeliveriesoftheGoodsmaynotbemadeasscheduled,theSellershallimmediatelynotifytheBuyersettingoutthecausefortheanticipateddelay.Anyoralcommunicationshallbeimmediatelyconfirmedinwriting.IfSeller’sshipmentisdelayed,theSellershall,atitsowncost,sendtheGoodsatsuchtimetosuchplaceandinsuchmannerasinstructedbytheBuyer,andtheSellershall,ifsorequestedbytheBuyer,reimbursetheBuyerforalllossesanddamagesreasonablyincurredasaresultofsuchdelay.12CONFLICTSIncaseofdiscrepancy,eitherinoramongspecifications,drawings,thePurchaseOrderofthedocuments,thediscrepancyshallbepromptlypointedouttoandsubmittedtotheBuyer,whoshallpromptlymakeadecisioninwriting.AnyadjustmentbytheSellerwithouttheBuyer\'sdecisionshallbeattheSeller\'sownriskandexpense.13EXPEDITINGTheSeller,shallalwaysexpeditedeliveryofthegoods,theSeller\'sdocuments8andanyrelatedworkofsub-vendors,andprovidetheBuyerwithanitemizedscheduleforengineering,procurement,fabricationandshipping,whichshallbefollowedbyexpeditingreportsincludingstatusofdeliveriesofmaterialsand/orequipmentpurchasedfromsub-vendors,ifany,eachmonthafteracceptanceofthePurchaseOrder.If,however,theSellerencountersdelayinobtainingmaterialsfromitssub-vendorsorforeseesanydelayinitsownmanufacturingworks,theSellershallimmediatelyinformtheBuyerofsuchsituation.14LIQUIDATEDDAMAGESDeliverytimeisoftheessenceoftheAgreementandiftheSellerisunabletomeettherequireddeliveryschedulesfortheGoodsduetofaultoftheSeller,theBuyershallhavetherighttoselecteitheroftheoptionsprescribedbelow;(i)TocancelallorpartoftheAgreementwithoutprejudicetoanyotherrightstheBuyermayhaveforthelossesanddamagescausedbysuchSeller\'sdefaultandwithoutpayingcancellationorotherassociatedcharges.(ii)TorequiretheSellertopayandtheSellershallpayifsorequired,asumofmoneyatrateofonepercent(1%)ofthepriceoftheGoodsforeachweekofdelayasliquidateddamagesbutnotbywayofpenaltyunlessthedelayiscausedbyForceMajeurestipulatedinArticle15.Anyfractionofaweekshallbecountedasoneweek.Theamountofliquidateddamagespayableshallnotexceedtenpercent(10%)oftheAgreementprice.15FORCEMAJEURE15.1ForceMajeurereferredtohereinshallmeananoccurrencebeyondthecontrolandwithoutthefaultornegligenceofthepartyaffected,including,butnotlimitedto,actsofGodorthepublicenemy,expropriationorconfiscation;changesinlaw,war,rebellion,orriots;floods,unusuallysevereweatherthatcouldnothavebeenreasonablyanticipated;fires,explosions,catastrophes,orothersimilaroccurrenceswhicharenotwithinthecontrolofthepartyaffected.However,thefollowingshallnotbeconsideredasForceMajeure.(a)Delaycausedbylackoforinabilitytoobtainrawmaterials,congestionattheSeller\'sorsub-vendor\'sworksorelsewhere,marketshortages,orsimilaroccurrences,or(b)Delay,eitheronthepartoftheSelleroritssub-vendors,causedbyashortageofsupervisorsorlabor,inefficiency,orsimilaroccurrences,or(c)Sabotage,strikes,oranyotherconcertedactsofworkmenwhichoccur9onlyintheworksoftheselleroritssub-vendors.15.2AnydelayorfailureinperformingtheobligationsundertheAgreementbyeitherpartyheretoshallnotconstitutedefaultundertheAgreementorgiverisetoanyclaimfordamagesorlossoranticipatedprofitsif,andtotheextent,suchdelayorfailureiscausedbyForceMajeure.15.3ShouldtheSellerbedelayedorenvisagedelayindeliveringoftheGoodsbyanoccurrencewhichtheSellerreasonablyjudgesasForceMajeure,andtheSellercannotavoidorpreventsaiddelaybyanyreasonableeffort,theSellershallpromptlynotifytheBuyerofoccurrenceandtheBuyer,ifitagrees,shallgivenoticetotheSellerconfirmingtheexistenceofForceMajeureandshallauthorizeanunavoidabledelaytotheextentsuchdelayiscausedbyForceMajeure.NoamendmenttothePrice,howevershallbeallowablebecauseofForceMajeureoccurrences.15.4ShouldthecircumstancesofForceMajeurecontinueoveraperiodofthree(3)months,theBuyerhastheright,ifnootherunderstandingisreached,toterminatethewholeAgreementoranyPartthereofinaccordancewithArticle20.2.16NON-DISCLOSURETheSellershallkeepwithduecareandhandleconfidentiallyalldesigns,specificationsandothertechnicalandcommercialinformationwhichtheSellerwillreceiveundertheAgreement(hereinaftercalledthe"ConfidentialInformation")andinanycaseshallneitheruseforotherpurposeswhatsoevernorcopyandcommunicatesuchinformationtootherexceptintheperformanceofserviceswhichtheSellerundertakespursuanttotheAgreementwithpriorwrittenconsentoftheBuyer.WhentheSellerdisclosessuchConfidentialInformationtoothersincompliancewiththeabove-mentionedprovisions,itshallimposeonthosepartiesthesameconfidentialityrestrictionsasstipulatedherein.TheSellershallpromptlyreturnallthedocumentsanddatatransmittedtotheSellerbytheBuyertogetherwithcopiesthereofandallthedocumentsincorporatingtheConfidentialInformationcontainedinsuchdocumentsanddata,uponcancellation,terminationorcompletionoftheAgreement.TheprovisionsofthisArticleshallsurviveanyterminationoftheAgreementandshallcontinueineffectthereafterreasonablytoprotecttheproprietaryinterestsoftheBuyerandanylicensor(s)concerned.10TheSeller,withoutpriorwrittenapprovaloftheBuyer,shallnotmake,sellordealwiththeGoodsthemselvesonbehalfoftheSelleroranyotherthirdparty.17INDEMNITYANDLIABILITY(a)TheSellershallindemnifyandholdtheBuyerharmlessfromanyclaim,liabilityorproductliability,loss,damage,demand,causeofactionorsuit,expenseorfeeoflegalcounselarisingoutoforinconnectionwiththeGoods.(b)TheSellershallindemnifyandholdtheBuyerharmlessfromanyandalllosses,damagesorexpensesonaccountofanyandallclaims,suitsorjudgmentsarisingoutoftheuseorsaleoftheGoodssuppliedinviolationorallegedviolationofrightsunderanyrightsinindustrialand/orintellectualpropertyincludinganyrightsunderanypatent,industrialdesign,trademark,tradename,brand,copyrightorapplicationtherefore.18ASSIGNMENTTheSellershallnottransferorassigntoanythirdpartyanyobligationorrightundertheAgreementnoranyclaimagainsttheBuyerarisingdirectlyorindirectlyoutoftheAgreement.TheSellershallnotsubcontracttheAgreementinwholeorinpartwithoutapriorwrittenconsentoftheBuyer.AnysuchBuyer\'swrittenconsentofsubcontractingshallnotrelievetheSellerofanyofitsobligationsundertheAgreement.19SUSPENSIONTheBuyermaysuspendtheperformanceoftheAgreementinwholeorinpartatanytimebygivingtheSellernoticeinwritingtosucheffectstatingthenature,effectivedateandanticipateddurationofsuchsuspension.Onreceivingnoticeofsuspension,theSellershallstopallsuchcontractualworkwhichtheBuyerhasdirectedtosuspendinpartwithimmediateeffect.TheSellershallcontinuetoperformotherworkforwhichtheBuyerhasnotdirectedsuspension.20CANCELLATIONANDTERMINATION20.1IncaseofdefaultbytheSellerinfulfillmentofitscontractualobligationsorincaseofitsmalpracticeincludingbutnotlimitedtosystematicrefusalto11cooperateandinterruptionoftheworkswithoutanexpressagreementoftheBuyer,theBuyershallsendtotheSelleranorderinwritingrequiringcorrectionofthesituation.IftheSellerdoesnotrectifysuchdefaultormalpracticewithinthirty(30)daysaftertheSellerreceivessuchorderfromtheBuyer,theBuyermaycanceltheAgreement.20.2TheAgreementmayalsobeimmediatelycancelledbytheBuyerincaseofinsolvency/bankruptcyorliquidationoftheSeller.(a)Incasesofcancellation,theBuyerreservestherighttobepaidbytheSellerthedamagesandinterestinaccordancewithlosssustainedbecauseofbutnotlimitedtothestoppageoftheworkandthefactthattheGoodsmustbesuppliedbyathirdparty.(b)Atthetimeofcancellation,theSellershallimmediatelyrefundtotheBuyerthetotalamounttohavebeenpaidbytheBuyerwithinterestundertheAgreementuptothetimeofcancellation.20.3Withoutprejudicetoanyotheraccruedrights,theBuyermay,bynoticeinwritingtotheSellerandwithimmediateeffect,terminatetheAgreementoranypartthereof.Inthecaseofterminationasaforesaid:(a)TheSellershalluseitsbesteffortstoeffecttheimmediatecancellationoforderswhichitmayhaveplacedwithothersanddiscontinueallworkofmanufacturingthegoods,and(b)TheSellershall,upontheBuyer\'srequest,delivertotheBuyeranyorallofthework,alldrawings,specifications,datasheets,andothermattersthattheSellermayhavepreparedfortheGoodsandallmaterials,suppliesandequipmentpaidforbytheBuyereitherdirectlyorindirectly,andtheBuyershallhavetherighttomakeuseofsameforsuchpurposesastheBuyermaydesire,and(c)TheSellershallnotifytheBuyerassoonaspracticableoftheamountsoverrunoramountsyetunpaidanddamagesreasonablyassessed,ifany,withpropersupportingevidence.TheseamountsshallbeagreeduponinwritingbetweentheBuyerandtheSeller.21TRADETERMSTheinterpretationoftradetermsinthePurchaseOrdershallbeinaccordancewithIncoterms(2000Edition)establishedbytheInternationalChamberofCommerceandthosesupplementedthereto.1222COMPLIANCEWITHLAWTheSellershallcomply,andsecurecompliancebyitssub-vendors,withallapplicablelawsorregulationsinconnectionwiththeGoodsandservicestobeperformedhereunder.IftheSellerdiscoversanyvariancebetweentheprovisionsofapplicablelawsandregulationsandthedrawings,specificationsandothertechnicaldatafurnishedbytheBuyer,theSellershallpromptlynotifytheBuyerinwritingthereofandobtainnecessarychangesfromtheBuyerbeforeproceedingwiththepartofservicesaffectedthereby.FailureoftheSellertosonotifytheBuyershallconstitutedefaultoftheAgreementtowhichArticle16shallapply.23NON-WAIVERAnyprovisionoftheAgreementshallnotbeconsideredtobewaivedbytheBuyerunlesssuchnoticeofwaiverisgiveninwritingbytheBuyer.Evenifsuchnoticehasbeengiven,suchwaivershallnotbeconstruedasbeingawaiverofanyotherpastorfuturerightoftheBuyerundertheprovisionsoftheAgreement,unlessotherwiseexpresslystipulatedtherein.FailureoftheBuyertoinsistuponstrictperformanceofanyofthetermsandconditionshereof,orfailureordelayoftheBuyertoexerciseanyact,right,orremedyprovidedhereinorbylawshallnotrelievetheSellerofliabilityunderanyguaranteeorofobligationsundertheAgreementandshallnotbedeemedawaiverofanyrightoftheBuyertoinsistuponstrictfulfillmentoftheAgreementorofanyoftheBuyer\'srightorremediesastotheGoods.24BUYER’SRIGHTS24.1TheBuyershallavailthebenefitofanyrightofset-off,counterclaim,recoupmentorothersuchrightswhichtheBuyermayhaveagainsttheSeller.24.2TheSellershallpromptlynoticetheBuyerwhentheSellermakesinvention(s)inrelationtoorwithrespecttothesupplyoftheGoods,andshallconsultwiththeBuyerinadvancewhentheSellerfilesandapplicationforpatent,utilitymodel,designorotherintellectualproperty.Titletosuchinventions(s)shallvestsolelyintheBuyershoulditbecreatedbasedonthetechnicalinformationprovidedbytheBuyer.TheSellershallgranttheBuyerno-exclusivelicensewithrighttosublicenseunderthemostfavorableconditionswithrespecttootherinventions(s)titletowhichvestsintheSeller.1324.3ShouldtheSellercausebodilyinjuryand/orpropertydamageonortoitsemployeesand/oranythirdpartyduetoitswillfulornegligentconduct,theSellershallresolveanydisputearisingthereofatitsownexpenseandresponsibility.ShouldtheSellercausebodilyinjuryand/orpropertydamageonortotheBuyerand/ortheBuyer\'semployee(s),theSellershallberesponsibletopayanyandalldamagessufferedbytheBuyerand/ortheBuyer\'semployee(s).25ARBITRATIONAlldisputes,controversiesordifferenceswhichmayarisebetweentheparties,outoforinrelationtoorinconnectionwiththeAgreementorthebreachthereof,shallbefinallysettledbyarbitrationinBangkokinaccordancewiththeRulesofConciliationandArbitrationoftheInternationalChamberofCommerceasinforceonthedateoftheAgreementbythreearbitratorsappointedinaccordancewiththesaidrules.AllthearbitratorsshouldbeconversantwiththelanguageoftheAgreement.Theawardrenderedbythearbitrationshallbefinalandbindingonbothparties.26MISCELLANEOUSPROVISIONS26.1EntireAgreementTheAgreement,thePurchaseOrder,shippingandpackinginstructionsandotherapplicabledocumentsspecifiedinthePurchaseOrdertogetherwiththeirattachmentsandreferencesconstitutetheentireagreementbetweentheBuyerandtheSellerandmayonlybemodifiedinwritingbytheauthorizedrepresentativesofthepartieshereto.ThereisnootheragreementbetweentheSellerandtheBuyer,whetheroralorwrittenthanthosehereincontained,andtheAgreementsupersedesanyandallpreviousoralorwrittenrepresentations,inducementorunderstandings.26.2NoticesAnynoticeorothercommunicationtobegivenundertheAgreementshallbeinwritingandshallbevalidonlyifsentbypostorbyfaxor,bycourierto:IftotheBuyer:XXXXaddressXXTel:XX,Fax:XXIftotheSeller:XXXXaddressXXTelephoneNo.XX26.3GoverningLanguageAllcommunications,documentsandexecutionofserviceshereunder,unlessotherwisespecificallydesignated,shallbeintheEnglishlanguage.1426.4GoverningLawThevalidityandinterpretationofthisAgreement,thePurchaseOrderandlegalrelationsofthepartiesconcernedshallbegovernedbythelawsofXXX.INWITNESSWHEREOF,thepartiesheretohavetheirdulyauthorizedrepresentativesexecutethisPURCHASEAGREEMENTonthedayandyearfirstabovewritten.For&OnBehalfofBuyer:For&OnBehalfofSeller:…………………………………..…………………………………..……..../………../…………………/…………/…………15',)