Terms & Conditions

Unless otherwise agreed in writing, the following terms and conditions apply without exception to all sales by Oracle Vision Ltd (“OVL”) to Buyer.


OVL’s sale is expressly limited to the terms herein and any additional or different terms or conditions on Buyer’s purchase order or any other instrument, agreement, or understanding are deemed to be material alterations and are rejected and not binding upon OVL . OVL’s acceptance of Buyer’s purchase order is expressly conditional upon Buyer’s assent to the terms and conditions contained herein in their
entirety. Buyer’s acceptance of delivery from OVL constitutes Buyer’s acceptance of these terms and conditions in their entirety.


OVL may change the prices and specifications of all goods at its sole discretion and without any notice, with the exception that OVL’s quotation is firm only if Buyer enters an order within the time specified on the quote or, if none be mentioned, 30 days. Buyer must request shipment of the entire quantity of goods ordered within 12 months from date of order, otherwise, OVL standard prices at time of shipment may,
at OVL’s option, apply to those quantities actually delivered, even if already invoiced. Unless explicitly stated, prices do not include installation, start-up, commissioning or maintenance. All tooling, designs, drawings, and other intellectual property produced or delivered hereunder are owned by the manufacturer of the relevant Goods.


Unless otherwise expressly agreed in writing, all payments are to be in GBP unless otherwise stated in writing by OVL and are due in OVL’s account within not more than 30 days net following the date of invoice. OVL at all times reserves the right to evaluate Buyer’s credit standing, and, if Buyer fails to qualify for credit under OVL’s criteria, OVL may modify or withdraw credit terms without notice and require guarantees, security or payment in advance for further deliveries of goods. Invoices remaining unpaid after their due date will be subject to an interest charge of 2.5% per month above the Bank of England base rate applicable at the time. Buyer will pay all costs of collection on unpaid amounts, including attorneys’ fees.
A Personal Guarantee executed by the Buyer “Application for Credit Account” signatory shall be limited to the outstanding balance at the point such credit terms are withdrawn by OVL.


All delivery dates are estimates unless agreed otherwise by OVL in writing. Delivery terms for goods are EXWORKS (Incoterms 2000) OVL’s facility with all risk of loss or damage to goods passing to Buyer upon making the goods available to carrier for shipment.
[Unless otherwise stipulated by OVL, the prices quoted by OVL are inclusive of carriage within England and Wales provided they are delivered by OVL own transport, but are exclusive of VAT which will be added at the current rate and tax point. Delivery will be made by OVL transport, subject to such transport being available and at the discretion of OVL. In the event that any goods are to be delivered to the Buyer or to his order outside England and Wales, OVL shall be entitled to add to the invoice price a reasonable sum in respect of carriage charges]. The normal mode of transport of goods by OVL is third party transportation; OVL shall be entitled to add to the invoice price a reasonable sum in respect of carriage charges. Within 14 days of delivery, any claim for shortage must be reported in writing to OVL, otherwise all goods will be deemed delivered and accepted. Buyer shall be liable for any delays or increased costs incurred by OVL caused by or related to Buyer’s acts or omissions. Title to the goods shall pass to Buyer when it has paid the full price for the goods, and until such time as full payment is made, Buyer shall comprehensively insure the goods for the benefit of OVL, keep them free from all charges and security interest and give appropriate notice of reservation of ownership to third parties.


The amount of any and all applicable taxes will be added to the price and paid by Buyer, unless Buyer has provided OVL with exemption certificates acceptable to the taxing authorities.


OVL is not liable for any delay in production or delivery of goods if due to a force majeure event, which includes, among other things, inability or refusal by third party suppliers to provide OVL goods, parts, services, manuals or other information necessary to the goods to be delivered, shortages or inability to obtain materials or components, delays or refusals to grant an export license or the suspension or revocation thereof, or any other acts of any government that would limit OVL’s ability to perform, fire, earthquake, flood, severe weather conditions, or any other
acts of God, quarantines, epidemics, pandemics, or other regional medical crises, labour strikes or lockouts, riots, strife, insurrection, civil disobedience, armed conflict, terrorism or war (or imminent threat of same), or any other cause whatsoever beyond OVL’s reasonable control. If the force majeure event continues for longer than 90 days, either party may terminate Buyer’s purchase order or Buyer will pay OVL for work performed prior to termination and all reasonable expenses incurred by OVL as a result of such termination. In the event of delays in delivery or performance
caused by force majeure or Buyer, the date of delivery or performance shall be extended by the period of time OVL is actually delayed or as mutually agreed. If, for reasons other than the foregoing, OVL should default or delay or not deliver goods, Buyer’s sole remedy against OVL is an option to cancel Buyer’s purchase order, through prior written notice to OVL. OVL may make deliveries under any order in one or more shipments.


If the Buyer shall at any time cancel any purchase order or other contract for the purchase of goods, or refuse to accept delivery of the goods, the Buyer shall be obliged to pay to the Seller the total contract price in respect of the goods save to the extent otherwise agreed in writing by the Seller.


(a) OVL agrees to (i) defend or settle any claim, suit, or proceeding brought against Buyer based solely upon a claim that any goods manufactured by affiliates of OVL and provided by OVL hereunder directly infringe any third party UK patent, copyright, or mask work, and (ii) to pay costs and damages finally awarded to the third party, provided that: (A) OVL is notified promptly in writing of such claim, (B) OVL is provided sole control of such defence or settlement using counsel of OVL’s choice, and (C) Buyer provides OVL with all available information and assistance. Because
OVL has exclusive control over resolving infringement claims hereunder, in no event will OVL be liable for Buyer’s attorneys’ fees, if any. OVL shall have no liability in respect of any such claims that relate to goods that are not manufactured by an affiliate of OVL, but OVL will make available to Buyer any indemnity given by the manufacturer of such goods to the extent that OVL has the right to such indemnity. b) OVL shall not be responsible for any settlement or compromise of any such third party claim made without OVL’s written consent. OVL has no obligation and this Section 8 will not apply to any claim of infringement of any intellectual property right of a third party (i) by goods not manufactured by an affiliate of OVL, (ii) by the
combination of any goods with other elements if such infringement could have been avoided but for such combination, (iii) by goods that have been modified if such infringement would have been avoided by the unmodified goods, (iv) by goods not used for their ordinary purpose, or (v) by software if such software is other than the latest version of the software released by the relevant affiliate of OVL. Buyer agrees to defend, indemnify, and hold harmless OVL from and against any claims, suits, or claims, suits, or proceedings whatsoever arising from such exclusions identified in this Section 8(b).
(c) At any time after a claim has been made or OVL believes is likely to be made, or a court of competent jurisdiction enters an injunction from which no appeal can be taken, OVL will have at its option the discretion to (i) procure for Buyer the right to continue using such goods, (ii) replace or modify such goods, or (iii) accept the return of such goods and refund the purchase price less 20% annual depreciation from shipment date. The foregoing states OVL’s entire liability and Buyer’s exclusive remedy for any actual or alleged infringement of intellectual property rights. This section 8 is in lieu of and replaces any other expressed, implied, or statutory warranty against such infringement.


Software, whether supplied separately or installed on a good, is governed by the following terms unless a software license agreement is included with such software. Software is hereby licensed and not sold. Subject to Buyer’s compliance with these terms and conditions, OVL grants a personal, limited, nonexclusive license to use the object code of the software solely for Buyer’s internal purposes. The license is limited to such goods and/ or location(s) as are specified on Buyer’s purchase order for which this instrument serves as either a quotation or acknowledgment. No other use
is permitted. OVL retains for itself (or, if applicable, its suppliers) all title and ownership to any software delivered hereunder, all of which contains confidential and proprietary information and which ownership includes, without limitation, all rights in patents, copyrights, trademarks, and trade secrets. Buyer shall not attempt any sale, transfer, sublicense, reverse compilation, disassembly, or redistribution of the software except as expressly permitted herein. Nor shall Buyer copy, disclose, distribute, or display any such software, or otherwise make it available to others (except as OVL authorizes in writing) or allow any unauthorized use of the software. If the software is delivered with a good listed on the face hereof, Buyer may only transfer its license of the software to a third party in conjunction with the sale by Buyer of the good on which the software is installed.
OVL may terminate this license if Buyer defaults under these terms and conditions.


Buyer acknowledges that OVL is a distributor of the goods. OVL makes no warranty whatsoever, whether express or implied, in respect of the goods whether relating to their marketability, quality and/or fitness for purpose and/or any particular use. OVL will not be liable for any damages whatsoever in respect of any warranty relating to the goods, but OVL will make available to Buyer the published warranties of the supplier to the extent OVL has the right to such warranties. The published warranty given by affiliates of OVL which have manufactured the goods are set out below
unless otherwise specified in writing to Buyer, all references to OVL below in this section are to the relevant OVL affiliate. Except as otherwise expressly provided herein, OVL warrants goods of its manufacture in all material respects to be free of defective materials and faulty workmanship and as conforming to applicable specifications and/or drawings. OVL may, without notice to Buyer, incorporate changes to goods that do not alter form, fit, or function. Commencing with OVL’s date of shipment, OVL’s warranty shall run for the period specified on the face hereof or, if none be mentioned, 12 months. Non-complying goods returned transportation prepaid to OVL will be repaired or replaced, at OVL’s option, and return-shipped lowest cost, transportation prepaid. No goods will be accepted for return without an authorization number (RMA) obtained in advance of shipment to OVL. Goods subject to contamination, wear and tear or burnout through usage shall not be deemed defective because of such
contamination, wear and tear or burnout. No warranty shall apply if, in the sole opinion of OVL or the manufacturer, defect or damage was caused by or related to installation, combination with other parts and/or products, modification to or repair of any goods other than by OVL, or resulted from Buyer’s acts, omissions, misuse, or negligence. Repaired or replaced goods shall be warranted for the remainder of the unused warranty term or for 90 days from shipment, whichever is longer. It is Buyer’s responsibility to ensure that the Goods are fit for the application in which they are
used. Software will be furnished on a medium that’s free of defect in materials or workmanship under normal use for so long as the hardware and/or system is under warranty. During this period, OVL will replace without charge any such medium it finds defective. As for the quality or performance of any software or data, they are supplied “AS IS” WITH NO WARRANTY. If OVL provides any services to the Buyer, including but not limited to training or assistance with configuration and installation of the Goods, OVL shall provide such services in accordance with reasonable industry practice at such rates as may be specified by OVL in its price list from time to time. OVL accepts no liability to the Buyer arising out of the provision of such services. The above warranties and conditions are sole and exclusive and no other warranties, express or implied, (other than the terms implied by section 12 of the Sale of Goods Act 1979), including those of satisfactory quality and fitness for particular purpose,
shall apply to the goods. OVL does not represent or warrant that the goods may not be compromised or circumvented or that the goods will prevent any personal injury or property loss, burglary, robbery, fire or otherwise; or that the goods will in all cases provide adequate warning or protection. Buyer understands that a properly installed and maintained alarm may only reduce the risk of burglary, robbery, fire or other events occurring without providing an alarm, but it is not an insurance or guarantee that such will not occur or that there will be no personal injury or property
loss as a result. These warranties are for the benefit of the Buyer only and are not assignable or transferable.


(a) In no event shall OVL be liable for (i) any indirect, incidental, consequential loss; (ii) any loss arising from business interruption; (iii) loss of profits; (iv) loss of revenue; (v) loss of use of any property or capital; (vi) loss of anticipated savings; or (vii) loss of data. OVL shall not be liable for any loss or damage where that liability arises as a result of its knowledge (whether actual or otherwise) of the possibility of any such loss or damage. (b) OVL’s liability in respect of any purchase order or otherwise under these terms and conditions shall in no case exceed the contract price of the
specific goods that give rise to the claim. (c) These exclusions and limitations on damages shall apply regardless of how the loss or damage may be caused and against any theory of liability, whether based in contract, tort, indemnity or otherwise. (d) Neither party seeks to exclude or restrict its liability for: (i) death or personal injury resulting from negligence; (ii) fraud; (iii) the terms implied by section 12 of the Sale of Goods Act 1979; or (iv) any matter in respect of which, by law, it is not permitted to restrict its liability. (e) The Buyer shall indemnify OVL against claims, damages, losses, costs and expenses incurred by OVL as a result of either claims made against OVL by third parties arising out of the combination or use of the goods with any incompatible ancillary products that may be connected to the goods or any other matter for which OVL would not be liable to Buyer under these terms and conditions.


Any recommendations or assistance provided by OVL concerning the use, design, application, or operation of the goods shall not be construed as representations or warranties of any kind, express or implied, and such information is accepted by Buyer at Buyer’s own risk and without any obligation or liability to OVL. It is the Buyer’s sole responsibility to determine the suitability of the goods for use in the Buyer’s application(s). The failure by OVL to make recommendations or provide assistance shall not give rise to any liability to OVL.

13. LAWS.

(a) Buyer will comply with all applicable laws, regulations, and ordinances of any governmental authority in any country having proper jurisdiction, including, without limitation, those laws of the United States or other countries that regulate the import or export of the goods provided by OVL and shall obtain all necessary import/export licenses in connection with any subsequent import, export, re-export, transfer, and use of all goods, technology, and software purchased, licensed, and received from OVL. Unless otherwise mutually agreed in writing, Buyer agrees that it will not use
the goods in connection with any activity involving nuclear fission or fusion, any use or handling of any nuclear material, or any nuclear, chemical, or biological weapons. (b) Goods and services delivered by OVL hereunder will be produced and supplied in compliance with all applicable laws and regulations in the United Kingdom. Buyer confirms that it will ensure that all goods are properly installed and used in accordance with the Health and Safety at Work Act 1974, and Buyer will indemnify OVL in respect of any costs, claims, actions or liability arising out of that Act, or otherwise arising out of the supply by Buyer or use by others of the goods.


Buyer shall not set off any invoiced amount against any amount due or to become due from OVL to Buyer or its affiliates.

15. WEEE.

(a) Prices do not include the costs of recycling goods covered by the European WEEE Directive 2002/96/EC and such costs may be added to the prices
quoted. (b) Unless a charge has been made therefore under section 15 (a) above, if the provisions of the WEEE Directive 2002/96/EC as implemented in any local jurisdiction apply to goods, the financing and organisation of the disposal of the waste electrical and electronic equipment are the responsibility of the Buyer who herewith accepts this responsibility and Buyer will indemnify OVL in respect of all such liabilities. The Buyer will handle the collection, processing and recycling of the goods in accordance with all applicable laws and regulations, and shall pass on this obligation to the final user of the goods. Failure by the Buyer to comply with these obligations may lead to the application of criminal sanctions in accordance with local laws and regulations.


English law will govern, excluding its provisions on conflict of laws. The English courts will have exclusive jurisdiction to adjudicate any dispute related to these terms and conditions.


Buyer shall indemnify OVL for all costs and damages, including attorneys’ fees, suffered by OVL as a result of Buyer’s actual or threatened breach of these terms and


The parties may exchange confidential information during the performance or fulfilment of any purchase order. All confidential information shall remain the property of the disclosing party and shall be kept confidential by the receiving party for a period of 10 years following the date of disclosure. These obligations shall not apply to information which is: (a) publicly known at the time of disclosure or becomes publicly known through no fault of recipient, (b) known to recipient at the time of disclosure through no wrongful act of recipient, (c) received by recipient from a third party without restrictions similar to those in this section, or (d) independently developed by recipient. Each party shall retain ownership of its confidential
information, including without limitation all rights in patents, copyrights, trademarks and trade secrets. A recipient of confidential information may not disclose such confidential information without the prior written consent of the disclosing party, provided that OVL may disclose confidential information to its affiliated companies, employees, officers, consultants, agents, and contractors. These terms and conditions constitute the entire agreement of OVL and Buyer, superseding all prior agreements or understandings, written or oral, and cannot be amended except by a mutually executed agreement in writing. Buyer may not assign any rights or duties hereunder without OVL’s written prior consent. OVL may subcontract its obligations hereunder without Buyer’s consent. No representation, warranty, course of dealing, or trade usage not contained or expressly set forth herein will be binding on OVL. Headings and captions are for convenience of reference only and do not alter the meaning or interpretation of these terms and conditions. No failure by OVL to enforce at any time for any period the provisions hereof shall be construed as a waiver of such provision or of the right of OVL to enforce thereafter each and every provision. In the event any provision herein is determined to be illegal, invalid, or
unenforceable, the validity and enforceability of the remaining provisions shall not be affected and, in lieu of such provision, a provision as similar in terms as may be legal, valid, and enforceable shall be added hereto. Provisions herein which by their very nature are intended to survive termination, cancellation, or completion of Buyer’s order after acceptance by OVL shall survive such termination, cancellation, or completion. All stenographic and clerical errors are subject to correction. These terms and conditions shall confer no benefit on any third party or the right to enforce
any term or condition under the Contracts (Rights of Third Parties) Act 1999.