TERMS AND CONDITIONS


1.      Content and conclusion of the Agreement

Bugatti Group Inc., its affiliates or subsidiaries (“Bugatti”) hereby agrees to provide, the goods or services (the “Supply”) to the purchaser (“Purchaser”) as provided for in a purchase order, online order, email or other communication confirming an order (“Confirmation of Purchase”).The Confirmation of Purchase and the present terms and conditions as well as any document referred to therein or attached thereto, between the parties, shall constitute the entire agreement between the parties (the “Agreement”) and supersede any verbal agreement or document, prior or concomitant, that may have existed in the context of the negotiations prior to the issuance of an order. The present terms and conditions shall also apply to any subsequent orders, between Bugatti and a Purchaser even when these have not been specifically agreed to again. Deviating terms and conditions or counter-confirmations of the purchaser or verbal agreements are invalid. Modifications to these terms and conditions are only valid with Bugatti’s written confirmation. Any offer or proposal made by Bugatti are subject to confirmation by the Purchaser shall be non-binding until a Confirmation of Purchase.

 

2.      Binding Agreement

Purchaser’s order shall be deemed accepted subject exclusively to this Agreement upon the earliest of Bugatti’s written acknowledgement or statement of intent to furnish the Supply, or the furnishing or shipment thereof, or the commencement of performance by Bugatti pursuant to this order.

 

3.      Prices

Except as expressly provided on a Confirmation of Purchase, prices are fixed and firm. Payment terms shall be those specified on an invoice, purchase order or Confirmation of Purchase. All quoted prices are based on the current exchange rates, tariffs and costs of manufacture. Unless otherwise stated in the quotation, quoted prices are subject to change by Bugatti with or without notice until Confirmation of Purchase. Prices are subject to correction for error.

 

4.      Delivery and performance

Delivery schedules are approximate and are based on prevailing market conditions applicable respectively at the time of Confirmation of Purchase. Unless specifically indicated in writing by Bugatti, any proposed delivery times by a third party are described as estimated and are non-binding. If by reason of an event of Force Majeure Bugatti is obliged to suspend the Supply, the performance of this Agreement shall be suspended throughout the period during which it is unable to ensure deliveries and such suspension shall not be deemed as a breach of this Agreement. As soon as the effect of the obstacle arising from the Force Majeure has ended, the obligations of this Agreement shall once again come into effect and shall remain in force throughout the remainder of the duration thereof. In the event that the period of suspension exceeds three (3) months, either party may terminate this Agreement forthwith and each party shall not be obliged to compensate the other party in any way. At Bugatti’s discretion it may withdraw fully or partially from the unfulfilled part of the Agreement. Bugatti shall not be responsible or liable for any loss or damage incurred by Purchaser herein resulting from Force Majeure. “Force Majeure” shall mean any event or condition, not existing as of the date of entering of this Agreement, not reasonably foreseeable as of such date and not reasonably within the control of either party, which prevents in whole or in material part the performance by one of the parties of its obligations hereunder or which renders the performance of such obligations so difficult or costly as to make such performance commercially unreasonable. Without limiting the foregoing, the following shall constitute events or conditions of Force Majeure: acts of State or governmental action, fire, earthquake, hurricane, war, flood, acts of terrorism, explosion and unavailability of raw material, transportation strikes and delays, strikes or partial or complete work stoppage or lock-outs in industries or businesses operated by third parties concerned with the manufacture of the Bugatti products.

 

5.      Changes and cancellation

Orders accepted by Bugatti are not subject to changes or cancellation by Purchaser, except with Bugatti’s written consent. In such cases where Bugatti authorizes changes or cancellation, Bugatti reserves the right to charge Purchaser with reasonable costs based upon expenses already incurred and commitments made Bugatti, including, without limitation, any labour done, material purchased and also including Bugatti’s usual overhead and reasonable profit and cancellation charges from Bugatti’s suppliers.

 

6.      Retention of title

The Supply shall remain the property of Bugatti until full payment of all outstanding amounts, which include claims which may arise for whatever legal reason. In the event that the Purchaser is in default of payment, Bugatti shall be entitled to reclaim the Supply, without this constituting a withdrawal from this Agreement or a waiver of our claims until such claims are satisfied. Moreover, Bugatti reserves the right to set-off and compensate against any amounts due or payable by the Purchaser.

 

7.      Warranty and liability

The Supply sold hereunder is covered by a warranty against defects in material and workmanship provided the Supply is subjected to normal use and service. The applicable warranty period is twenty-four (24) months from the date on which the Supply has received the Supply. The obligation under this warranty is limited to the repair or replacement, at Bugatti’s option, of defective parts provided that prompt notice of any defect is given by Purchaser to Bugatti in writing within the applicable warranty period and that upon the Purchaser’s return of the defective item to Bugatti or, if designated by Bugatti, to another location an inspection thereof shall reveal to Bugatti’s satisfaction that Purchaser’s claim is valid under the terms of this warranty. Bugatti makes no warranty other than the one set forth herein. All other warranties, legal, expressed or implied, including but not limited to any expressed or implied warranty of merchantability, of fitness for the intended use thereof or against infringement are hereby expressly excluded. The applicable warranty ceases to be effective if the Supply is altered or repaired other than by persons authorized or approved by Bugatti to perform such work. Repairs or replacement deliveries do not interrupt or prolong the term of the warranty.

 

Bugatti shall not be liable for and shall be held harmless by Purchaser from any damage, losses or claims of whatever kind, contractual or delictual, consequential or incidental, direct or indirect, arising out of, in connection with or resulting from the sale governed hereby or the Supply and any and all claims, actions, suits, and proceedings which may be instituted in respect to the foregoing.

 

8.      Returns

No Supply may be returned to Bugatti without Bugatti’s prior written permission. Bugatti reserves the right to decline all returns or to accept them subject to a handling/restocking charge. Even after Bugatti has authorized the return of goods for credit, Bugatti reserves the right to adjust the amount of any credit given to Purchaser on return of the goods based on the conditions of the goods on arrival in Bugatti’s warehouse. Credit for returned goods will be issued to Purchaser only where such goods are returned by Purchaser and not by any subsequent owner of the goods. Goods will be considered for return only if they are in their original condition and packaging.

 

9.      Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the Province of Quebec and the laws of Canada applicable therein. Each party hereto attorns to the exclusive jurisdiction of the Courts of the Province of Quebec.

 

10.    Severability

If any of the provisions contained in this Agreement is found to be invalid or unenforceable, such provision must, when possible, be interpreted, limited or, if necessary, divided as to eliminate such invalidity or unenforceability. In such case, all other provisions contained herein shall remain valid and continue to bind the parties hereto.

 

11.    No Waiver

Any waiver by Bugatti of any part of this Agreement must be in writing to be effective. A waiver shall not constitute either (i) a waiver of any other part of this Agreement or (ii) a continuing waiver, unless otherwise expressly stated in writing.