Insolvency and Default :
In the event of your suffering ( or appearing to us to be about to suffer) the onset of insolvency of
Being in breach of any terms of the contract we shall be entitled, without prejudice to our other rights, to postpone delivery
or manufacture (both in respect of the contract in question and any other contracts with you) until the breach has been rectified
and /or (at our option) to determine the contract (and /or any other such contracts) and to recover payment for all deliveries
already made and for the cost of materials and labour already expended for the purpose of future deliveries (less any allowance
of the value thereof as utilised by us for other purposes) and also to recover from you a sum equivalent to our loss of profit
arising out such determination. The exercise of our option to postpone delivery or manufacture shall not prevent the subsequent
exercise of our option to determine the contract and/or any other such contracts.
Intellectual Property and Design Rights :
The intellectual property and design rights for all services and products supplied by Impacta remain the property of
Impacta Ltd, unless specifically “sold” as “design and intellectual property”.
Commissioned design or development work is not excluded from this condition
Cancellation :
You may cancel the contract but in the case of standard products we shall make cancellation charge of 15%
of the invoice value of the goods if cancelled before despatch and if after despatch a cancellation charge of 25% to cover
restocking the product. In case of non-standard products the charge will be the full invoice value of goods.
Law and Jurisdiction :
The proper law of the contract shall be English law and any difference or dispute hereunder shall except
where otherwise herein provided be dealt with by the Courts of England. Save that we shall be entitled to bring proceedings
against you in the Courts of the Jurisdiction where you reside or carry on business. You hereby submit to the jurisdiction of
the English Courts accordingly.
Notice:
The sale contract may be varied only in writing and any notice or consent must also be in writing, The address for
Service of any notice on you shall be your address referred to in our sale documentation.
29th March 2003
Impacta Ltd
Textile House
Field Street
Bradley
Bilston
West Midlands
WV14 8RW
