The following general terms and conditions are deemed part of all quotations, Purchase Orders, acknowledgments of Purchase Orders, invoices, and other documents, whether electronic or in writing, relating to the sale of goods or services (jointly, the “Products”) by Frezite– Ferramentas de Corte, S.A. (“Seller”) to Seller’s customers [“Buyer(s)”]. These terms and conditions, together with the documents referred to above, constitute the entire contract of sale and purchase between the parties with respect to the Products, and supersede all previous communications, agreements, or contracts, written or verbal, between the Seller and the Buyer, and no understanding, agreement, term, condition, or trade custom at variance herewith will be binding on the Seller. In the event of a conflict between or among the terms of documents relating to the Products, the following order of priority will govern: (a) any applicable acknowledgment of a Purchase Order and corresponding invoice; (b) these General Conditions; (c) the applicable quotation; and (d) the applicable Purchase Order. No waiver, amendment or modification of the terms and conditions hereof will be effective unless in writing and signed by an officer of Seller.



All quotations by the Seller are subject to change or withdrawal without prior notice to the Buyer unless otherwise specifically stated in the quotation. Seller shall have no obligation to sell or deliver the Products covered by the Seller’s quotation unless and until the Seller issues the acknowledgement of the relevant Purchase Order submitted by the Purchaser.


Purchase Orders acknowledged or delivered by the Seller may not be canceled or modified by the Buyer except as otherwise agreed to in writing by the Seller. The Buyer will indemnify the Seller for all costs and expenses already incurred and commitments made by Seller related to any cancelled or modified Purchase Order.


Prices and other information shown in any Seller publication (including, without limitation, product catalogs, brochures, and price lists) or provided by the Seller verbally are subject to change without notice to the Purchaser. Published or quoted Product prices, irrespectively of the format or support in or by which they are presented, do not include any taxes that may be due, including value added tax. Those taxes are of the Buyer’s responsibility.


Unless otherwise expressly agreed to by the Seller in writing, payment of the price of the Products is to be made against delivery, by the means indicated in the relevant invoice. Nevertheless, the Seller is entitled to ask from the Buyer, before delivery of the ordered Products, a down-payment in the amount of 30% (thirty percent) of the relevant purchase price for any Purchase Order. Any invoice not paid within the agreed terms, is subject to a late payment interest, calculated on a daily basis, equal to the highest lawful rate permitted. The Buyer also agrees to indemnify the Seller for all collection costs incurred by the Seller in connection with the recovery of the due amount, including, without limitation, attorneys’ fees, and court costs. The inspection rights granted to the Buyer hereunder will not affect or alter the terms and obligations of the Buyer as regards payment of the Products. Under no circumstances will Buyer have a right of set-off.


If the Seller accepts making a sale on credit (which shall always be confirmed in writing by the Seller), all corresponding deliveries will be subject to the approval of the Seller’s credit department. All overdue amounts must be paid by the Buyer before additional deliveries are made, and the Seller reserves the right to cancel any Purchase Order or refuse to accept or suspend any Purchase Order then outstanding until all overdue amounts are paid in full. In the event that the Seller, in its sole and absolute discretion, deems Buyer’s credit to be unsatisfactory (notably in connection with any pending payment obligations), the Seller shall have the right, in addition to any of its other remedies, to (a) limit the amount of credit which the Seller extends to the Buyer and delay or suspend the delivery of Products based upon such limitations; (b) require full or partial payment in advance, (c); or cancel any Purchase Orders the from the Buyer then outstanding and / or refuse to accept any new Purchase Orders.


It is agreed that any information relating to the Products and their use, such as weights, dimensions, capacities, prices, colours and other data contained in catalogues, prospectuses, circulars, advertisements, illustrations, price lists of the Seller, shall not take effect as terms of these General Conditions, unless expressly referred to in any document signed by the Seller.


If the Seller and the Buyer have agreed that the Buyer is entitled to inspect the Products before delivery, the Seller must notify the Buyer within a reasonable time before the delivery that the Products are ready for inspection at the agreed place.


Title to the Products delivered to the Buyer shall remain with the Seller until full payment for such Products is made by the Buyer. The Buyer shall indemnify the Seller for all loss, liability, expenses, costs, and damages relating to or arising from the Products prior to transfer of title to the Products pursuant to the terms hereof.


Unless otherwise agreed, delivery shall be Ex works Incoterms®2010, in the Seller’s facilities.


Unless otherwise agreed, the Buyer must provide the documents (if any) indicated in the applicable Incoterm or, if no Incoterm is applicable, according to any previous course of dealing.


Any delivery time or date included in any document are deem to be nothing more than an estimate, except if otherwise stated in a document signed by the Seller. The Seller shall not be held responsible for failure to meet estimated delivery dates, and in no event, shall Seller be liable for any loss, cost, damage, or expense whatsoever incurred by Buyer or its customers that may result therefrom. The seller will be entitled to deliver before the expiry of the estimated delivery date and to deliver in partial deliveries, unless agreed upon otherwise in writing.


The Buyer shall examine the Products after their arrival at destination and shall notify the Seller in writing of any lack of conformity of the Products in 15 (fifteen) days after delivery. The Products will be deemed to conform to the Agreement despite minor discrepancies which are usual in the trade or through course of dealing between the parties, but the Buyer will be entitled to any abatement of the price usual in the trade or through course of dealing for such discrepancies. Where the Products are non- conforming (and provided the Buyer has given notice of the lack of conformity in compliance with the rules above), the Seller shall at his option: (a) replace the Products with conforming goods, without any additional expense to the Buyer, or (b) repair the Products, without any additional expense to the Buyer, or (c) reimburse to the Buyer the price paid for the non-conforming Products and thereby terminate the relevant sale and purchase agreements as regards those Products.


The Seller shall not be liable for failure to perform or delay in performance or delivery of any Products due to (a) fires, floods, strikes, or other labor disputes, accidents, sabotage, terrorism, war, riots, acts of precedence or priorities granted at the request or for the benefit, directly or indirectly, of any federal, state or local government or any subdivision or agency thereof, delays in transportation or lack of transportation facilities, restrictions imposed by federal, state or local laws, rules or regulations; or (b) any other cause beyond the control of Seller. In the event of the occurrence of any of the foregoing, the time for performance shall be extended for such time as may be reasonably necessary to enable Seller to perform.


All drawings, know-how, designs, specifications, inventions, devices, developments, processes, copyrights and other information or intellectual property disclosed or otherwise provided to the Buyer by the Seller and all rights therein (collectively, “Intellectual Property”) will remain the property of the Seller and will be kept confidential by the Buyer in accordance with this Agreement. The Buyer shall have no claim to, nor ownership interest in, any Intellectual Property, and such information, in whatever form and any copies thereof, shall be promptly returned to the Seller upon written request from the Seller. Buyer acknowledges that no license or rights of any sort are granted to the Buyer hereunder in respect of any Intellectual Property.


All information furnished or made available by the Seller to the Buyer in connection with the subject matter of these General Conditions or any other document related therewith shall be held in confidence by the Buyer. The Buyer agrees not to use such information or disclose such information to others without the Seller’s prior written consent. The obligations in this paragraph will not apply to any information which (a) at the time of disclosure was or thereafter becomes, generally available to the public by publication or otherwise through no breach by the Buyer of any obligation herein, or (b) is legally made available to the Buyer by or through a third party having no direct or indirect confidentiality obligation to the Seller with respect to such information.


Buyer shall and shall, through an appropriate compliance program, ensure that its personnel and other third parties acting on its behalf conduct their activities in compliance with applicable anti-bribery laws1 (the "ABC Laws"). In addition, the Buyer undertakes to comply with the Seller's Code of Conduct, available at: Any failure by the Buyer to comply, in whole or in part, with the ABC Laws or the said Seller's Code of Conduct shall be considered a breach of these General Terms and Conditions of Sale, which shall entitle the Seller to terminate them with immediate effect if the breach cannot be remedied and in accordance with Article 22(b)(ii). The Seller shall be under no obligation to make any outstanding payments or deliveries or to accept any order under the Purchase Agreement, if the Seller has reasonable grounds to suspect that such payments, deliveries, or transactions may be used in - or contribute to a - violation of any ABC Laws or constitute a criminal offense. The Seller shall be entitled to withhold such payments, deliveries, and transactions until it is proven that such payments, deliveries, or transactions will not be used for - or contribute to - a criminal offense. Buyer shall indemnify Seller from and against any and all liabilities suffered or incurred in any jurisdiction in connection with any failure by Buyer to comply with the ABC Laws.


For the purposes of this Agreement, "Global Trade Laws and Regulations" means the customs, import, export, re-export, trade control and sanctions laws, regulations, and orders applicable to a transaction, including but not limited to the customs and export control laws and regulations of the UN, USA, EU, UK, Switzerland, China and any country in which the Products are manufactured, received and used. Buyer hereby agrees to fully observe and comply with all applicable Global Trade Laws and Regulations. Buyer agrees that none of the Products supplied by Seller covered by any applicable Global Trade Laws and Regulations will be transferred to any person or entity, legal or natural, unless such transfer is in compliance with applicable Global Trade Laws and Regulations or is expressly permitted by applicable government license or authorization. Buyer will not take any action under this Agreement that would cause Seller to violate any Global Trade Laws or Regulations to which Seller is subject. Buyer will not use, export, re-export, transfer, or re-transfer the Products for any purpose related to chemical, biological or nuclear weapons, or missiles capable of carrying such weapons, or for any unsafeguarded nuclear explosive or nuclear fuel cycle activity. Where prohibited by applicable Global Trade Laws and Regulations, Buyer shall not use, re-export, transfer or retransfer the Products for military end use or to a military end user, including military intelligence end uses and end users, without obtaining a license or authorization from the applicable governmental authority. Buyer shall not, directly or indirectly, sell, export, re-export, transfer, retransfer or otherwise release or dispose of any Products to or through a sanctioned person or territory without having obtained a license or authorization from the relevant governmental authority responsible for enforcing any applicable Global Trade Laws and Regulations. If Buyer breaches any of the above [or if, in Seller's reasonable opinion, such breach is likely to occur], the Parties agree that Seller shall not be liable to Buyer or any third party for any subsequent breach by Seller under this Agreement and that Buyer shall indemnify and hold Seller harmless from any claims or losses related to such breach.


This Agreement is governed and construed in accordance with Portuguese law. The application of the United Nations Convention on Contracts for the International Sale of Goods