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Terms and conditions

• 1. Acceptance: Verbal orders will be accepted by CYBERTEAMS INC., however CYBERTEAMS INC. will not be liable for any loss resulting in any difference arising between the products delivered by CYBERTEAMS INC. and those ordered verbally by the buyer, unless a written confirmation of that verbal order is received by CYBERTEAMS INC. prior to delivery. Such written confirmation must be clearly marked "Confirmation only". Any duplication of orders which takes place as a result of not stating "Confirmation only" will incur a cancellation charge. No accepted order may be cancelled or rescheduled except with the express written consent of CYBERTEAMS INC.
• 2. Prices: All prices are quoted exclusive of all taxes and transportation charges unless otherwise agreed by both parties.
• Value specified in the order, CYBERTEAMS INC. reserves the right to increase prices to reflect such variations. CYBERTEAMS INC. reserves the right to amend accidental errors or omissions.
• 3. Terms of Payment: Payment terms are cash in advance, unless otherwise stated. Payments are Due Upon Receipt. All sales on terms are subject to the prior approval of CYBERTEAMS INC. Credit Department. The buyer shall be in default of payment without reminder. In the event of non-payment, CYBERTEAMS INC. reserves the right to alter terms of payment, suspend credit and delay delivery and pursue any remedies available at law or under this agreement. The acceptance by CYBERTEAMS INC. of any payment after the specified due date will not constitute a waiver of the buyers obligation to made future payments on the specified dates.
• 4. Retention of Title: Title in the products is rested in CYBERTEAMS INC. until CYBERTEAMS INC. has received the purchase price in full as well as any other payments due to CYBERTEAMS INC. from the buyer. So long as the property in the products remains in CYBERTEAMS INC. the buyer must keep the products free from any charge lieu or encumbrance and mark the products conspicuously as being the property of CYBERTEAMS INC. and ensure that such marking is not removed or obliterated and if the buyer is in default in any obligation hereunder or is insolvent or has a Receiver appointed over all or any of its assets CYBERTEAMS INC. shall have the right (with or without prior notice to the buyer) to retake possession of the goods (and for that purpose to go onto any premises occupied by the buyer and sever the goods from anything they are attached to without being responsible for any damage caused) (and shall have the right and power to sell the goods without prejudice to such other rights as the buyer may have). Such repossession shall not constitute a recession or termination of the contract between CYBERTEAMS INC. and the buyer unless CYBERTEAMS INC. expressly elects to do so.
• 5. Cancellation: If the buyer cancels all or part of any order CYBERTEAMS INC. reserves the right to make a cancellation charge not exceeding 50% of the order value.
• 6. Warranty: All warranties of whatever nature whether express implied statutory or otherwise are excluded from this contract. However CYBERTEAMS INC. will use reasonable endeavours to repair, replace or refund at its option any component which proves electrically defective subject to CYBERTEAMS INC. obtaining refunds or replacements from its own suppliers within a period of 12 months from the date of invoice unless otherwise stated on invoice.
• 7. Limitation of Liability: CYBERTEAMS INC. will not be liable for any damage, loss or injury of whatever nature whether direct or consequential arising out of or in connection with any goods supplied or resulting from the use or failure thereof.
• 8. General: All rights and remedies, whether conferred hereunder, or by any other instrument of law will be cumulative and may be exercised singularly or concurrently. Failure by either party to enforce will not be deemed a waiver of future enforcement of that or any other term. These terms and conditions supersede all previous understandings (written or oral) between the parties regarding subject matter hereof. The invalidity of any one or more of the provisions of these terms and condition of sale shall not affect the validity of the remaining provisions.
• 9. Legal Construction: This contract shall be governed by and interpreted in accordance with American Law and shall predominate in so far as consistent with any conditions of the purchase.