Terms and Conditions
Group
PURPOSE OF THESE GENERAL TERMS AND CONDITIONS OF SALE
1. Identity of Seller
The ICAPE Group, namely ICAPE Holding SA and any legal entity in which ICAPE Holding SA holds, directly or indirectly, at least fifty percent (50%) of the share capital.
Including (but not limited to):
| Country | Company | VAT identification number |
|---|---|---|
| Brazil | ICAPE Brasil Comercial Importadora e Exportadora Ltda | Non Applicable |
| Canada | ICAPE Canada Inc. | Non Applicable |
| China | ICAPE Changan Express Ltd | Non Applicable |
| China | ICAPE Dongguan Electronic Ltd | Non Applicable |
| China | NTW (Jiangmen) Technologies Ltd | Non Applicable |
| China | NTW Electronic (Shenzen) Ltd | Non Applicable |
| Czech Republic | ICAPE Czech Republic sro | CZ05885469 |
| Denmark | ICAPE Denmark AS | DK28893035 |
| France | ICAPE – International Consulting Activities For Printed Circuit Boards and Electronics SAS | FR38422076141 |
| Germany | ICAPE Deutschland GmbH | DE292606434 |
| Hong Kong | ICAPE HK Company Ltd | Non Applicable |
| Hungary | ICAPE Hungary kft | HU24665476 |
| India | ICAPE India Electronics Pte Ltd | Non Applicable |
| Italy | ICAPE Italia srl | IT09487350960 |
| Japan | NTW Japan KK | Non Applicable |
| Mexico | ICAPE Electronicas s de rl de cv | Non Applicable |
| The Netherlands | ICAPE Netherlands BV | NL818985410B01 |
| Philippines | NTW Philippines Inc. | Non Applicable |
| Poland | ICAPE Polska z.o.o. | PL5792275139 |
| South Africa | ICAPE South Africa | Non Applicable |
| Spain | ICAPE Iberica S.L. | ESB67491399 |
| Sweden | ICAPE Malmö Mönsterkort AB | SE556460580501 |
| Thailand | NTW Electronics (Thailand) Co., Ltd | Non Applicable |
| United Kingdom | ICAPE UK Ltd | GB663395216 |
| USA | ICAPE USA LLC | Non Applicable |
| Vietnam | NTW VN Co., Ltd | Non Applicable |
2. General
2.1 These general terms and conditions are applicable to any and all Agreements, proposals and offers in pursuance of which the Seller commits to sell and deliver Products to a (legal) person who commits to pay a price in cash for the same.
2.2 The provisions laid down in these general terms and conditions were also stipulated for the benefit of the directors and employees of the Seller and potential auxiliary persons involved in the implementation of the Agreement.
2.3 The applicability of general terms and conditions of the Buyer is expressly rejected in advance by the Seller.
2.4 The Seller is entitled to change these general terms and conditions. The Buyer is deemed to have accepted each and every change of these general terms and conditions if the Buyer did not submit its objections to the Seller In Writing within seven days after written notification of the changes by the Seller. Any modification shall be subject to an addendum to the Agreement.
2.5 To the extent that the Agreement contains provisions that are at odds with these general terms and conditions, the provisions of the Agreement shall prevail.
2.6 To the extent that these general terms and conditions were translated into a language other than the English language, the English text shall always be decisive in case of differences.
3. Definitions
Agreement is understood as the written sale and purchase agreement in pursuance of which the Seller commits to deliver a Product and the Buyer commits to pay a price in cash for the same;
Buyer is understood as each and every legal person or natural person acting in the course of a business or profession who concluded an Agreement with the Seller, at least intends to do so;
Delivery is understood as the availability of the Product to the Buyer, regardless of the fact if the Buyer takes delivery of the Product at the time of availability, at the address as mentioned in article 6.1 of these general terms and conditions;
Product is understood as each and every movable property that is offered, sold and delivered by the Seller;
Seller is understood as the relevant ICAPE Group private company;
Written / In Writing is understood as on paper, by email, via the website of the Seller or by another electronic manner stipulated by and between the Buyer and the Seller where messages are stored and can be rendered legible within a reasonable period of time;
4. Conclusion and content of the Agreement
4.1 Any and all proposals and offers of the Seller are subject to contract and can always be revoked by the Seller, also after the offer has been accepted by the Buyer.
4.2 Lead time commences on the later of: (i) resolution of all Technical Questions (TQs), and (ii) After Receipt of Materials (AROM).
4.3 An order placed by a Buyer shall become binding on Buyer when placed by Buyer to Seller. Such an order shall become binding on Seller only after Seller’s written confirmation of the order or upon delivery of the ordered products by Seller to the Buyer.
4.4 In case of a difference between the order – envisioned by the Buyer – and the Written confirmation of the Seller, the Buyer shall be bound by the Written confirmation of the Seller, unless the Buyer informs the Seller In Writing within eight days after the date of the confirmation that the confirmation of the Seller is not in accordance with the order and the Buyer evidences that this was clear to the Seller.
4.5 The Seller reserves the right to reject orders.
5. Prices
5.1 Any and all offered and stipulated prices are exclusive of VAT.
5.2 Prices established prior to or upon the conclusion of the Agreement can, in case of changes in cost price determining factors occurring after the conclusion of the Agreement but prior to the delivery of the Product, e.g. in the purchase prices, logistics tariffs, the import or export duties, the wages, the taxes and the exchange rate in respect of foreign currency, be increased by the Seller in consideration of the changed
amounts.
5.3 If the prices were not determined prior to or upon the conclusion of the Agreement, then the prices calculated by the Seller and payable by the Buyer are the prices applied by the Seller on the day of delivery.
6. Delivery
6.1 Unless stipulated otherwise, Delivery will take place under the agreed delivery conditions, as referred to in the Incoterms 2020, to the address of the Buyer or to the address of another person designated by the Buyer.
6.2 The stipulated delivery period always applies as a target period and not as a fatal deadline.
6.3 The Seller is entitled to deliver the order in installments or to wait until the entire order is ready for Delivery.
7. Permitted differences in / of the product
The Seller reserves the right to deliver 10% more or less than the ordered quantity.
8. Reservation of title
8.1 Cancellation requested prior to the commencement of production shall be accepted at no charge. Should cancellation be requested after production has commenced, cancellation fees shall apply and will be calculated proportionally based on the percentage of order completed at the time the cancellation request is confirmed and accepted by the Seller.
8.2 Rescheduling requested prior to the commencement of production shall be accepted at no charge. Should rescheduling be requested after production has commenced, rescheduling fees shall apply and will be calculated based on the additional costs incurred by the Seller at the time the rescheduling request is confirmed and accepted, including but not limited to storage, inventory management, and any other logistics costs arising from the rescheduling.
9. Reservation of title
9.1 The Seller reserves the title of any and all Products delivered and yet to be delivered to the Buyer by the Seller pursuant to an Agreement until the purchase price for all these Products pursuant to any Agreement has been paid in full. If the Seller, in the context of the said Agreement(s), performs or shall perform activities for the benefit of the Buyer to be paid by the Buyer, then the aforementioned reservation of title applies until the Buyer has also paid these claims of the Seller in full. In addition, the reservation of title moreover applies to claims that the Seller may acquire vis-à-vis the Buyer on account of a failure of the Buyer to comply with one or more of its obligations pursuant to the aforementioned Agreements vis-à-vis the Seller.
9.2 The Buyer is held to store the Products delivered subject to the reservation of title with the necessary diligence and as recognizable property of the Seller. The Buyer is held to insure the Products for the duration of the reservation of title against fire, explosion and water damage as also against theft and to, on demand of the Seller, submit a copy of the policies of the said insurances as well as proof of payment of the payable premium to the Seller.
9.3 If the Buyer fails to comply with its payment obligations vis-à-vis the Seller or if the Seller has good cause to fear that the Buyer shall fail to comply with the said obligations then the Seller shall be entitled to personally, and without any liability vis-à-vis the Buyer, take back the Products delivered subject to the reservation of title. In advance, the Buyer grants the Seller and its employees consent to access the premises and buildings of the Buyer to take back the Products. The latter applies without prejudice to the right of the Seller to claim compensation for damages, lost profit and interest, and the right of the Seller to rescind the Agreement, without any further notice of default, by means of a Written notice.
10. Invoicing and payment
10.1 The Seller is entitled to invoice after each and every Delivery or partial delivery, as intended in article 6.3 of these general terms and conditions.
10.2 Unless stipulated otherwise, the Buyer is held to pay the invoiced price within the agreed payment terms after the date of the invoice without any agreed deduction, discount or settlement. This payment term is a fatal deadline. The Buyer is not entitled to rely on suspension.
10.3 The invoiced price immediately falls due if the Buyer files a winding-up petition or is declared to be insolvent, applies or obtains (provisional) suspension of payment, an attachment is imposed on all or a part of the assets of the Buyer, the Buyer deceases or is dissolved, the Buyer is placed under administration or supervision, or if other circumstances come to the knowledge of the Seller after the conclusion of the Agreement that give the Seller good cause to fear that the Buyer shall not comply with its obligations.
10.4 As soon as the payment term has expired, the Buyer is liable to pay the Seller the following on the payable principal sum, including VAT: (i) interest at a rate of 1% per month, and (ii) compensation for the extrajudicial collection costs, where the latter amount to, at least, 15% of the payable principal sum, including VAT, with a minimum of € 200.00. 10.5 The Seller is always entitled to require security from the Buyer for compliance with the (payment) obligations. The Seller is always entitled to suspend its obligations deriving from the Agreement until the security required by the Seller has been provided by the Buyer.
11. Warranty and complaints
11.1 The Seller warrants that the Products delivered by the same are free from material and manufacturing errors on the date of Delivery to the Buyer and that the Products delivered by the same were manufactured in accordance with the specifications of the Buyer and the IPC Standard.
11.2 Any and all circuit boards comply with IPC 6012 category 3 and IPC 6013 category 2 for Rigid and Flex circuit boards, unless communicated otherwise to the Seller In Writing.
11.3 The Seller warrants that the Products delivered by the same can be stored and used within 3 months up to 12 months after Delivery (depending on the type of surface treatment) on the condition that they were stored at the correct temperature and humidity conditions and in their original packaging:
| Surface treatment | Warranty period |
|---|---|
| HASL, LF HASL, Hard Gold | 12 months |
| Chemical Sn. / Ni-Au | 6 months |
| OSP | 3 months |
11.4 The Seller is on account of the warranty only liable for defects of which the Buyer evidences that they arose within the stipulated warranty period. In case of reliance on the warranty as intended in articles 12.1 up to and including 12.3, the liability of the Seller shall be limited to the free replacement or repair of the relevant Product or the repayment of the price charged for the same, such at the discretion of the Seller.
11.5 Any and all claims for warranty expire if the Buyer is in payment default or otherwise fails to comply with its obligation(s) on account of the Agreement. Any and all claims for warranty moreover expire if the defect derives from injudicious use and/or operation, insufficient maintenance, insufficient treatment and/or storage, abuse, loss, normal wear and tear and/or damage or acts or omissions of the Buyer in violation of the (product) information, (product) recommendations, (users and/or processing) rules and/or (safety) instructions made available by the Seller. Any and all claims for warranty moreover expire if the Buyer performed repairs and/or changes with regard to the Product respectively had them performed through third parties. Finally, the claims for warranty expire if the Buyer did not inform the Seller accordingly In Writing within fourteen (14) days after discovery of the defect.
11.6 A notification of a defect includes a description of the defect, a photo of the Product, the part number of the Product, the order number and the number of defective boards. The Seller is moreover entitled to examine the cause of the defect. This can include, but is not limited to, destructive tests on bare and/or assembled print boards. The Buyer agrees to lend the Seller reasonable assistance in the examination, including access of the technicians of the Seller to the assembly process, the storage area, and the supply of the necessary information that may assist in determining the cause of the defect.
11.7 A complaint with regard to a delivered Product does not affect the obligations of the Buyer on account of previous or yet to be performed deliveries and do not entitle the Buyer to suspend the payment of claims of the Seller.
12. Warranty and complaints
12.1 The Seller warrants that the Products delivered by the same are free from material and manufacturing errors on the date of Delivery to the Buyer and that the Products delivered by the same were manufactured in accordance with the specifications of the Buyer and the IPC Standard.
12.2 Any and all circuit boards comply with IPC 6012 category 3 and IPC 6013 category 2 for Rigid and Flex circuit boards, unless communicated otherwise to the Seller In Writing.
12.3 The Seller warrants that the Products delivered by the same can be stored and used within 3 months up to 12 months after Manufacture (depending on the type of surface treatment) on the condition that they were stored at the correct temperature and humidity conditions and in their original packaging:
| Surface treatment | Warranty period |
|---|---|
| HASL, LF HASL, Hard Gold; ENIG | 12 months |
| Chemical Sn. / Ni-Au | 6 months |
| OSP conventional | 3 months |
| OSP (type : SHIKOKU F3) | 12 months |
12.4 The Seller is on account of the warranty only liable for defects of which the Buyer evidences that they arose within the stipulated warranty period. In case of reliance on the warranty as intended in articles 12.1 up to and including 12.3, the liability of the Seller shall be limited to the free replacement or repair of the relevant Product or the repayment of the price charged for the same, such at the discretion of the Seller.
12.5 Any and all claims for warranty expire if the Buyer is in payment default or otherwise fails to comply with its obligation(s) on account of the Agreement. Any and all claims for warranty moreover expire if the defect derives from injudicious use and/or operation, insufficient maintenance, insufficient treatment and/or storage, abuse, loss, normal wear and tear and/or damage or acts or omissions of the Buyer in violation of the (product) information, (product) recommendations, (users and/or processing) rules and/or (safety) instructions made available by the Seller. Any and all claims for warranty moreover expire if the Buyer performed repairs and/or changes with regard to the Product respectively had them performed through third parties. Finally, the warranty claims expire if the Buyer did not inform the Seller in Writing within fourteen (14) days after discovery of the defect.
12.6 A notification of a defect includes a description of the defect, a photo of the Product, the part number of the Product, the order number and the number of defective boards. The Seller is moreover entitled to examine the cause of the defect. This can include, but is not limited to, destructive tests on bare and/or assembled print boards. The Buyer agrees to lend the Seller reasonable assistance in the examination, including access for the Seller’s technicians to the assembly process and the storage area, and the supply of necessary information that may assist in determining the cause of the defect.
12.7 A complaint with regard to a delivered Product does not affect the obligations of the Buyer on account of previous or yet to be performed deliveries and does not entitle the Buyer to suspend the payment of claims of the Seller.
13. Force majeure
13.1 Force majeure shall mean any unforeseeable, irresistible, and external event beyond the control of the party invoking it, which could not reasonably have been foreseen at the time of the conclusion of the contract and whose effects cannot be avoided by appropriate measures.
13.2 In the event of force majeure, the performance of the Parties’ obligations shall be suspended for the entire duration of the event. If the impediment continues for more than 60 days, either party may terminate the contract by written notice, without compensation.
13.3 The party invoking force majeure shall notify the other party in writing within 7 days from its occurrence, providing all relevant supporting evidence.
14. Intellectual property rights
14.1 The intellectual property rights of the Seller in respect of everything that the Seller makes available to the Buyer for the implementation of the Agreement between the Buyer and the Seller, including in any case drawings, images, calculations, designs, processes, models and domain names (which the Buyer registered for the benefit of the marketing of the Products of the Seller), remain vested in the Seller and can only be used by the Buyer for the implementation of the Agreement between the Seller and the Buyer. After expiry of the Agreement the relevant documents and information are, on demand of the Seller, returned to the Seller.
14.2 If intellectual property rights arise during the implementation of the Agreement between the Seller and the Buyer then the intellectual property rights, including the copyrights, shall be vested in the Seller. To the extent that the intellectual property rights are by law vested in the Buyer, the Buyer in advance transfers the said intellectual property rights to the Seller and the Buyer shall, where required, lend its cooperation in the said transfer and the Buyer moreover lends its cooperation in irrevocable authorisation with which the Seller can do everything that is required for the intellectual property rights to be vested in the Seller. The buyer waives, to the extent that this is permitted by law, potential personality rights that remain vested in the Buyer or the Buyer commits not to exercise the said personality rights in the commercial practice.
14.3 If the Seller grants a user right to the Buyer then this is always on the basis of a non-exclusive and non-transferable licence, which is limited to the stipulated use. Failing a previously stipulated user period, the user right in respect of the intellectual property rights of the Seller shall in any case be limited to the term of the Agreement between the Seller and the Buyer, or the duration during which the Buyer purchases Products of the Seller. A licence of the Seller can always be terminated with immediate effect, without the Seller being liable to pay any form of compensation to the Buyer.
14.4 After notice, rescission or termination of a long-term commercial relationship between the Buyer and the Seller, the Buyer accomplishes, on demand of the Seller, that in the market no commercial connectedness between the Buyer and the Seller is assumed. To this end the Buyer performs any and all necessary acts, including but not limited to:
1. The discontinuation of the use of distinctive marks of the Seller in the market, e.g. a domain name of the Buyer;
2. The discontinuation of the use and the transfer of a domain name, tradename or mark that contains a distinctive mark of the Seller to the Seller;
3. The avoidance of confusing advertising messages, e.g. the use of distinctive marks that correspond with a distinctive mark of the Seller;
4. The delivery of goods on which a distinctive mark of the Seller is shown, at the same price as for which the Buyer purchased these goods from the Seller.
14.5 Any and all information regarding the business process of the Buyer and the Seller that is not publicly accessible is qualified as confidential information. The Buyer and the Seller shall not share this kind of confidential information with third parties and they shall neither use it for the benefit of their own business operations, unless this is required for the implementation of an obligation between the Buyer and the Seller. 14.6 In case of a violation of articles 14.1, 14.2, 14.4 and 14.5 the Buyer shall, without any notice of default being required, forfeit a penalty of € 20,000.00 per violation to the Seller, without prejudice to the right of the Seller to, in addition, claim full compensation with interest and costs. A paid or payable penalty shall not be deducted from potentially payable compensation with interest and costs.
15. Liability and indemnification
15.1 The Seller expressly excludes each and every liability and/or risk liability for indirect damages, consequential damages, trading losses, lost profit, lost savings, reduced goodwill, losses due to business interruptions, mutilation or loss of data, damages to crops and any and all other forms of indirect damages caused by the Seller, its subordinates, its hired auxiliary persons and/or its Products, unless the damages are the result of intent or intentional recklessness.
15.2 In the event that the exclusion of liability in article 15.1 does not hold then the compensation shall be limited to once the invoice amount (excluding VAT) for the activities from which the liability derives, at least in connection of which the liability arose. The compensation for the damages shall in any case be limited to the amount that is, as the occasion arises, paid pursuant to the liability insurance of the Seller, plus the amount of the excess that is at the expense of the Seller in the relevant instance pursuant to the applicable insurance agreement.
15.3 The Buyer shall, on demand, completely indemnify the Seller against any and all claims of third parties vis-à-vis the Seller in connection with a fact for which the liability is excluded in these general terms and conditions.
16. Privacy
16.1 If the Seller or the Buyer acquires personal data from the other party during the implementation of the Agreement and processes the said personal data then the parties shall process the personal data in a proper and diligent manner and they shall comply with the statutory rules that derive from the General Data Protection Regulation (UE 2016/679 dated April 27, 2016).
16.2 If the Seller or the Buyer is qualified as a processor within the meaning of the General Data Protection Regulation then the Seller and the Buyer agree on a Written processing agreement that complies with the provisions set forth in the General Data Protection Regulation.
16.3 The Seller and the Buyer inform each other within five (5) working days of each and every request and/or each and every complaint of the supervisory authority or the data subject with regard to the personal data that are processed during the implementation of the Agreement. The Seller and the Buyer lend each other the cooperation that is required to comply with the requests of data subjects or the supervisory authority.
16.4 The Buyer indemnifies the Seller against the administrative sanctions, remedial sanctions and punitive sanctions imposed on the Seller in the context of processing acts that the Seller performs during the implementation of the Agreement.
17. Export Control
17.1 The Buyer acknowledges that the Products (including any associated drawings and technology) may be subject to applicable export control and economic sanctions laws and regulations, notably those issued by the European Union, the United States, and any other competent authority. Such rules may restrict or prohibit the export, re export, transfer, or resale of the Products to certain countries, entities, or persons.
17.2 The Buyer undertakes to:
– comply at all times with all applicable export control regulations;
– not export, re-export, transfer, or resell the Products, directly or indirectly, to embargoed countries or to persons or entities listed on sanctions lists (such as the “Specially Designated Nationals” list published by OFAC or any equivalent list);
– not use the Products for prohibited purposes, including but not limited to
military, nuclear, chemical, or biological activities, unless expressly
authorized by law.
17.3 Upon request by the Seller, the Buyer shall provide, within 10 business days, all necessary information regarding the end user, the country of destination, and the intended use of the Products, in order to ensure compliance with applicable regulations.
17.4 In the event of a breach of these provisions or if the performance of the contract exposes the Seller to a risk of non-compliance, the Supplier may suspend or terminate the contract without compensation. The Buyer shall indemnify the Supplier for any loss, fine, or cost resulting from a breach of these obligations.
18. Confidentiality
18.1 Each Party undertakes to keep strictly confidential all technical, commercial, financial, or other information obtained in connection with the performance of the contract and not to disclose it to third parties without the prior written consent of the other Party.
18.2 All non-public information, regardless of its form (written, oral, or electronic), shall be considered confidential, including, but not limited to, data relating to products, prices, customers, processes, know-how, and business strategies.
– Exceptions – This obligation shall not apply to information that:
– has entered the public domain without breach of this article;
– was already known to the receiving Party prior to its disclosure;
– has been lawfully obtained from a third party not bound by a confidentiality obligation;
– must be disclosed pursuant to law or a decision of a competent authority.
18.3 The confidentiality obligation shall remain in force for the entire duration of the contract and for a period of three (3) years after its termination, regardless of the reason for such termination.
19. Ethics
19.1 Each Party undertakes to conduct its activities with integrity and to comply with all applicable laws and regulations, in particular those relating to anti-corruption and influence peddling, competition law, anti-money laundering and counter-terrorism financing, human rights (prohibition of forced labor and child labor), product safety, environmental protection, as well as economic sanctions and export control regulations (see Article 17).
19.2 The Buyer represents and warrants that neither it nor its directors, employees, agents, or subcontractors shall offer, promise, give, solicit, or accept, directly or indirectly, any improper advantage (including “facilitation payments”) for the purpose of obtaining or retaining business, influencing any act or decision, or securing any undue advantage. Any gifts or hospitality must remain reasonable, occasional, of modest value, and must never occur during a tender or competitive bidding process.
19.3 The Buyer shall promptly inform the Seller of any actual, potential, or apparent conflict of interest involving its representatives or those of the Supplier and shall cooperate in good faith to eliminate or mitigate such conflict.
19.4 The Buyer undertakes to:
(i) prohibit any form of forced, bonded, or child labor;
(ii) ensure safe working conditions in compliance with applicable standards;
(iii) ensure that these commitments are passed on to its own suppliers and subcontractors involved in the supply, use, or resale of the Products. The Buyer shall refrain from any agreement, collusion, market allocation, bid rigging, or exchange of sensitive information in violation of competition laws.
19.5 The Buyer shall maintain accurate books and records reflecting all transactions related to the Products.
19.6 The Buyer shall promptly notify any suspicion or breach of this clause. It shall cooperate in good faith with the Seller in any reasonable internal investigation and provide relevant information. The Supplier may carry out, directly or through a third party bound by confidentiality, a reasonable and targeted documentary audit to verify compliance with this article, subject to ten (10) business days’ prior written notice.
19.7 In the event of an alleged breach, the Seller may require the Buyer to implement corrective measures within thirty (30) days. Without prejudice to any liability claims:
– the Seller may suspend performance of the contract if there is a serious risk of non-compliance;
– in the event of a material breach or failure to remedy within the prescribed period, the Seller may terminate the order/contract as of right, without compensation to the Buyer;
– the Buyer shall indemnify the Supplier for any loss, fine, penalty, claim, or cost (including reasonable legal fees) resulting from a breach of this article.
19.8 The Seller makes available an Ethics Charter (current version available at Corporate Social Responsibility – ICAPE Group). The Buyer acknowledges having read it and undertakes to comply with it to the extent applicable.
20. Termination
20.1 In the event of a breach by either Party of any of its contractual obligations, not remedied within sixty (60) days from receipt of a formal notice sent by registered letter with acknowledgment of receipt, the other Party may terminate the contract as of right, without prejudice to any damages it may be entitled to claim.
20.2 If a force majeure event (as defined in Article 13) prevents the performance of the contract for a period exceeding sixty (60) days, either Party may terminate the contract by written notice, without compensation.
20.3 Termination shall result in the immediate cessation of the Parties’ obligations, subject to:
– the payment of sums due in respect of services already performed;
– the return or destruction of confidential documents and information in accordance with Article 18;
– it being expressly agreed that all Products that are in production, in transit, delivered, or otherwise committed under the contract shall remain payable in full by the Buyer.
21. Transferability of rights and obligations
21.1 The Buyer cannot transfer claims vis-à-vis the Seller, on any account whatsoever, to a third party. These claims are expressly non-transferable.
21.2 Without prior Written consent of the Seller the Buyer is not allowed to transfer any obligation pursuant to the Agreement and/or these general terms and conditions to a third party.
22. (Partial) invalidity or nullification
If a provision laid down in these general terms and conditions is invalid or nullifiable then this does not imply that these general terms and conditions are invalid or nullifiable in their entirety or that another provision of it is (partly) invalid or nullifiable. If a provision laid down in these general terms and conditions is invalid or nullifiable (and is subsequently nullified) then it is replaced by the Seller by a valid provision that best approaches the invalid or nullified provision.
23. Forfeiture of right, applicable law and choice of forum
23.1 To the extent that these general terms and conditions do not provide otherwise, any and all rights of claim of the Buyer vis-à-vis the Seller shall, in any event, expire one year after the date on which such right of claim has arisen, unless the claim(s) are brought before the competent court within that period.
23.2 The applicable law shall be the law of the country in which the relevant ICAPE Group company is registered. The application of the United Nations Convention on Contracts for the International Sale of Goods (CISG) is expressly excluded.
23.3 The Parties shall endeavor to resolve amicably any dispute arising out of or in connection with their contractual relationship. Failing an amicable settlement within a reasonable period, the dispute shall fall under the exclusive jurisdiction of the competent courts of the place of registration of the relevant ICAPE Group company.
23.4 It is expressly agreed between the Parties that any recourse to international arbitration is excluded.
