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General Purchase Agreement
between
Varitronix Limited
(as BUYER)
and
ABC Co.,Ltd.
(as SELLER)
Purchase Agreement no. PUR
record of revision
Revision Summary Date Prepared by 01 First issue 1 March 06 Ginny Koh
THIS AGREEMENT, made and entered into on Dec. 01,2016 by and between:
VARITRONIX LIMITED, a BVI Limited company having its office at Unit A-F, 35F, Legend Tower, 7 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong. (hereinafter “BUYER”)
AND
ABC Co.,Ltd., a company incorporated in 【Hong Kong】 with limited liability and having its office at(address: XXX.)
(hereinafter “SELLER”)
WHEREAS
BUYER is a provider of contract manufacturing services and engaged in manufacturing, development and/or sale of liquid crystal display and other electronics products.
SELLER is a provider/manufacturer of components and/or material(s) used or intended to be used by BUYER when providing contract manufacturing services for its customers.
SELLER acknowledges and agrees that components must be manufactured in highest quality and in accordance with the agreed specifications, and that components must be delivered to BUYER at the agreed delivery times in order to ensure uninterrupted production at BUYER’s plants.
NOW THEREFORE THE PARTIES AGREE AS FOLLOWS
1. DEFINITIONS
“ Agreement “ shall mean this General Purchase Agreement and its appendices;
“ Components “ shall mean any components and/or materials purchased by BUYER from SELLER;
“ Date of Delivery “ in respect of a purchaser order, shall mean the date of delivery stated in that purchased order.
“Epidemic Defect” shall mean any defect which appears within five (5) years from the date of delivery in more than zero point five (0.5%) per cent of Components delivered or manufactured in the same delivery lot, or any actual or anticipated threat of personal injury or damage to property resulting or arising from a defect in a Component.
“Party”, “Parties” shall mean BUYER and SELLER as defined above;
“
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