General Standard Terms and Conditions

§ 1 General

(1)    

These General Standard Terms and Conditions apply to all deliveries and provision of services - also in the future - by Sharp Display Solutions Europe GmbH (“Sharp Display Solutions”) to entrepreneurs as defined in § 14 BGB (German Civil Code), with whom Sharp Display Solutions maintains business relations (hereinafter named "customer"). The German version of Sharp Display Solutions’ General Standard Terms and Conditions is solely applicable for customers with place of business in Germany or Austria. The German version is also solely authoritative for interpretation of these Standard Terms and Conditions. It can be downloaded at www.sharpdisplays.eu

Sharp Display Solutions does not accept any deviating or contradictory terms and conditions referred to or otherwise imposed by the customer, unless otherwise expressly agreed between the parties in writing. These general terms and conditions also apply in case Sharp Display Solutions makes deliveries or provides services to the customer without reservations while being aware of such deviating or contradictory terms and conditions.

§ 2 Quotations

All quotations are always subject to change without notice, unless expressly stated otherwise in the order confirmation by Sharp Display Solutions. Sharp Display Solutions reserves the right to technical alterations and changes of shape and colour to the extent the customer may reasonably be expected to accept these.

§ 3 Acceptance of orders

Purchase Orders and other orders are binding on the customer. Sharp Display Solutions is, however, not obligated to accept any purchase orders or other orders. Sharp Display Solutions may accept such offer of a contract incorporated in such order or assignment within two weeks after receipt by Sharp Display Solutions. Such commitment becomes binding on Sharp Display Solutions only after explicit written acceptance (acknowledgement of order). Sharp Display Solutions may omit the acknowledgement of order in case of immediate delivery or performance.

§ 4 Prices and terms of payment

Sharp Display Solutions' prices are net “EXW” (Incoterms 2000) including normal packaging but excluding all shipment costs. All prices and incidental expenses, especially shipping costs, will be charged on the basis of the price list valid at the time the contract is concluded. Discounts must be agreed upon separately.

Legal VAT is not included in Sharp Display Solutions' prices. Such VAT will be itemized in the invoice separately at the rate applicable on the day of invoicing.

Sharp Display Solutions reserves the right to modify prices adequately if its subsuppliers modify prices after conclusion of the contract and shipment has not yet been made at the agreed delivery date. Upon request, Sharp Display Solutions will document the price changes implemented by its subsuppliers.

Payments are due within 30 days after invoice date in cash and without any deductions. If the customer is in delay of payment, Sharp Display Solutions shall be authorized to charge interest at the rate of 8 percentage points above the respectively valid base interest rate as defined in § 247 BGB. Sharp Display Solutions reserves the right to put forward higher claims for damages caused by delayed performance.

Counterbalancing is only admissible with undisputed and legally effective counterclaims. The customer has also no right to retention based on counterclaims from other contractual relations.

All of Sharp Display Solutions’ claims, including those for which payment in installments has been agreed, are due immediately. Any time allowed for payment is null and void if the date of required payment for settlement of a claim is not observed or the customer defaults on payment or the customer files for insolvency proceedings or the customer makes an oath of disclosure about his financial standing. In such case, Sharp Display Solutions is also entitled to make deliveries outstanding only against advance payment or security furnishment. In case such advance payment or security furnishment is not effected within an appropriate period of time, Sharp Display Solutions is entitled to terminate the contract without notice.

Irrespective of any deviating terms and conditions implemented by the customer, Sharp Display Solutions is entitled to credit the customer’s payments first against prior debts, next against any incurred costs, next against interest, and last against the principal claim.

§ 5 EC-turnover tax on imports

To the extent the customer has his legal domicile outside the Federal Republic of Germany, the customer is obligated to observe the EC regulations on turnover tax on imports. The customer will notify Sharp Display Solutions about his turnover ID number and any changes to such number without further request. Upon request, the customer will disclose information on his capacity as entrepreneur, use and transport of the delivered goods, and also for statistical reporting requirements.

The customer also agrees to reimburse Sharp Display Solutions for any expended time and expenses Sharp Display Solutions incurs in context with missing or inadequate particulars about turnover tax on imports.

§ 6 Period of delivery

Agreed delivery deadlines and the beginning of the delivery period stated by Sharp Display Solutions are subject to timely receipt by Sharp Display Solutions of correct deliveries from its suppliers. This applies only if Sharp Display Solutions is not responsible for the failure to deliver, especially in case of congruent cover business with its supplier. Sharp Display Solutions shall immediately inform the customer about the non-availability of performance and shall immediately refund payments made by the customer for the ordered products. Compliance by Sharp Display Solutions with its delivery commitments is subject to the customer performing his obligations in a timely manner. Sharp Display Solutions reserves the right to defense of non-performance of contract.

Should the customer default in accepting the delivery of goods or should he culpably violate any other duty to cooperate, Sharp Display Solutions is entitled to demand reimbursement for any damages incurred by Sharp Display Solutions in this context. Under the conditions stated above, the risk of coincidental ruination or coincidental deterioration of the object sold passes to the purchaser at the point at which he defaults in accepting the delivery of goods or at which he is in debtor’s delay.

Should the underlying purchase contract be a contract where time is of the essence as defined in § 323 sec. 2 No.2 BGB (German Civil Code) or in § 376 HGB (German Commercial Code), Sharp Display Solutions is liable in compliance with statutory provisions. Sharp Display Solutions is also liable in compliance with statutory provisions in case the purchaser due to Sharp Display Solutions default of delivery is entitled to claim that his interest in further performance of contract has lapsed. In any case Sharp Display Solutions' liability is restricted to foreseeable damages typical for this type of contract.

Sharp Display Solutions is also liable in compliance with statutory provisions in case the default of delivery is caused by intentional or grossly negligent violation of contract within Sharp Display Solutions' scope of responsibility. To the extent such default of delivery is not caused by intentional violation of contract within Sharp Display Solutions' scope of responsibility, Sharp Display Solutions' liability is restricted to foreseeable typical damages.

Sharp Display Solutions is also liable in compliance with statutory provisions to the extent the default of delivery within its scope of responsibility is caused by culpable violation of essential contractual obligations. In this case, Sharp Display Solutions' liability is restricted to foreseeable typical damages.

To the extent Sharp Display Solutions’ default to deliver is caused solely by culpable violation of a nonessential contractual obligation, the customer is entitled to claim payment of a flat-rate compensation for default of delivery of 0.5% of the delivery value per full week of delay, however, no more than 5% of the delivery value. Sharp Display Solutions is, however, not liable in case of slightly negligent negligence.

Customer's rights to other statutory claims and rights are not precluded.

§ 7 Shipment – passage of risk

Delivery is made ex Sharp Display Solutions’ warehouse (EXW Incoterms 2000) for the account of the customer and at his risk unless stated differently in the acknowledgement of order. In case delivery free domicile is agreed, this will not affect the passage of risk.

Risk passes to the customer when the object sold is transferred to the forwarding company or leaves Sharp Display Solutions’ warehouse for the purpose of shipment. If such shipment is delayed due to circumstances within the customer’s scope of responsibility, the risk passes to the customer at the time he is notified of the readiness for shipment. In such case, Sharp Display Solutions is, however, obligated to take out such insurance at the customer’s wish and expense as the customer desires. Sharp Display Solutions is also entitled to invoice the incurred warehouse costs or a flat-rate sum of 0.5% of the invoiced value of goods per month. In this case, the contract price resp. other consideration is due for payment at the time the goods are ready for shipment.

Sharp Display Solutions will insure the delivery by taking out a transport insurance policy at the customer’s request and expense.

§ 8 Warranty for defects

The product qualities shall principally be defined solely in Sharp Display Solutions’ product specifications. Public statements, promotions or producer advertisements may not be construed to be contractual specifications of the product quality.

The customer is obligated to lodge written customer's complaint about obvious defects to Sharp Display Solutions within a period of ten days following receipt of the goods; in other case, assertion of warranty claims for damages is excluded. The deadline will be considered observed if the complaint is mailed within the time stipulated.

In case of defects, Sharp Display Solutions shall, at its discretion, furnish warranty by way of rework or replacement (supplementary performance).

Should such supplementary performance fail, the customer may at his discretion demand reduction of purchase price or withdrawal from contract. However, the right to claim rescission of contract is excluded for only minor contract breaches, specifically in case of insignificant defects.

In case customer opts for rescission of contract after supplementary performance failed, he is not entitled to any additional claims for damages due to the complained defect.

If the customer asserts claims for damages after failed supplementary performance, the goods remain with the customer, if such may reasonably be expected of him. Claims for damages are restricted to the difference between the purchase price and the value of the defective purchase item. This shall not apply if Sharp Display Solutions fraudulently violated the contract.

The period of warranty shall be 12 months; such period shall start with the transfer of risk. Any claims the customer may have based on manufacturer's warranty shall remain unaffecte.

§ 9   Industrial Property Rights

The customer agrees to notify Sharp Display Solutions immediately if he becomes aware of infringement of third-party industrial or intellectual property rights (IPR) or is reprimanded for such.

If third parties assert claims due to alleged violation of IPR, the customer authorizes Sharp Display Solutions to defend against the third party on its own. Should Sharp Display Solutions make use of this authorization, the customer may not acknowledge the third party's claims without Sharp Display Solutions’ written consent. Sharp Display Solutions shall defend against the third party's claims at its own expense and will release the customer from all costs related to defense against these claims to the extent these are not based upon the customer's breach of duty.

§ 10 No re-export to Russia and Belarus

The customer shall not sell, export, or re-export, directly or indirectly, any goods supplied under or in connection with this Standard Terms and Conditions to the Russian Federation or for use in the Russian Federation, as covered under Article 12g of Council Regulation (EU) No 833/2014.

The customer shall not sell, export or re-export, directly or indirectly, to Belarus or for use in Belarus any goods supplied under or in connection with this Standard Terms and Conditions as covered under Article 8g of Council Regulation (EU) No 765/2006.

The customer shall ensure that the prohibitions in paragraphs (1) and (2) are not circumvented by any third parties in the commercial chain, including by possible resellers.

The customer shall establish and maintain effective monitoring mechanisms to detect and prevent any actions by third parties that would contravene paragraphs (1) or (2).

Any violation of paragraphs (1) to (4) constitutes a material breach of this Standard Terms and Conditions, and Sharp Display Solutions may seek appropriate remedies, including, but not limited to: 

termination of the business relations as a whole without notice; and 

for each violation, the customer shall pay an appropriate contractual penalty to be determined by Sharp Display Solutions, the appropriateness of which must be verified by the competent court in the event of a dispute.

The customer shall promptly inform Sharp Display Solutions of any difficulties in applying paragraphs (1), (2), (3), or (4), including any relevant third-party activities that could undermine the objectives of paragraphs (1) or (2).

The customer shall provide Sharp Display Solutions with the essary information and documentation to prove its compliance with its obligations stated in this clause within two weeks upon request.

§ 11 Liability

In case of slightly negligent violation of duties, Sharp Display Solutions’ liability is restricted to predictable, contract-specific, direct average damage typical for the nature of its performance. In case of slightly negligent violation of nonessential contractual duties, Sharp Display Solutions’ liability is excluded.

To the extent Sharp Display Solutions’ liability for damages is excluded or restricted, this also applies in respect of the personal liability for damages of its salaried employees, wage earners, representatives, and persons employed by Sharp Display Solutions in performing an obligation.

The above limitation of liability shall not apply to the customer's claims in compliance with the product-liability law and to claims due to injury or impairment of health or to loss of customer's life.

§ 12 Retention to ownership

Sharp Display Solutions retains the ownership of the sold object until all payments from the business relation with the customer are received.

The customer is obligated to handle the sold object carefully; he is specifically obligated to appropriately insure the sold object at his own expense against fire and water damages and theft at reinstatement value. To the extent maintenance and inspection work is required, the customer will perform these at his own expense in due course.

In case of a seizure or any other interference by any third party, the customer shall immediately notify Sharp Display Solutions to enable Sharp Display Solutions to file a suit acc. to § 771 ZPO (German Civil Code). Should the third party be unable to reimburse Sharp Display Solutions for the legal fees and out-of-court expenses for a legal action acc. to § 771 ZPO, the customer shall be liable for Sharp Display Solutions’ financial loss.

In case of the customer’s breach of a contract, specifically in case of default of payment or violation of a duty as defined in sec. (2) and (3) of this contractual stipulation, Sharp Display Solutions is entitled to cancel this contract and to demand surrender of possession of the goods.

The customer is authorized to resell the sold object in the course of its ordinary business. However, the customer already now assigns to Sharp Display Solutions all claims in the amount of the invoice total of our claim (incl. VAT), which arise from reselling the sold object to his buyers or third parties irrespective of whether the sold object was resold in its original state or after further processing. The customer is authorized to collect this debt also after assignment. Our authority to collect the debt ourselves remains unaffected. Sharp Display Solutions does, however, agree not to collect the debt as long as the customer meets his payments from the revenues collected, as long as the customer does not default on payment and specifically does not file for insolvency proceedings or the customer does not stop payments. Should, however, this be the case, Sharp Display Solutions may request the customer to inform Sharp Display Solutions about the assigned accounts receivable and their debtors, to provide Sharp Display Solutions with all particulars required for collection, to surrender all required documentation, and to inform the debtors (third parties) about such assignment.

Processing or transformation of the sold object is always done for Sharp Display Solutions. In case the sold object is combined with other objects not in Sharp Display Solutions’ possession, Sharp Display Solutions acquires co-ownership in the new object corresponding to the ratio between the value of the sold object (amount of the invoice total incl. VAT) and the other processed objects at the time of such processing. The terms applying to object delivered under conditions also apply to the object created by way of processing.

Should the sold item be inseparably combined with other objects not in Sharp Display Solutions’ possession, Sharp Display Solutions acquires co-ownership in the new object corresponding to the ratio between the value of the sold object (amount of the invoice total incl. VAT) and the other combined objects at the time of such combination. If combination is performed with the effect that the customer’s object must be considered principal object, the parties agree that the customer assigns prorate co-ownership to Sharp Display Solutions. The customer subsequently safeguards the ensuing sole ownership or co-ownership for Sharp Display Solutions.

Sharp Display Solutions agrees to release the collateral to which it is entitled upon request by the customer insofar as the realizable value of Sharp Display Solutions’ collateral exceeds the claims to be secured by more than 10%. Sharp Display Solutions is entitled to choose the collateral to be released..

§ 13 Place of jurisdiction, place of performance, applicable law

Place of jurisdiction for all disputes with fully-qualified merchants as defined in the HGB, legal entities under public law, or public-law special funds will be Munich. Munich is also place of jurisdiction if the customer has no general domestic place of jurisdiction, transfers his habitual residence or customary place of abode to a foreign country after the contract is concluded or if his habitual residence or customary place of abode are not known at the time the action is brought. Sharp Display Solutions is, however, also authorized to bring action at the customer’s legal domicile.

Place of performance for Sharp Display Solutions’ deliveries and other performances as well as for customer’s payments is the seat of Sharp Display Solutions’ principal establishment.

These Terms and Conditions and all legal relations between Sharp Display Solutions and the customer are subject to the laws of the Federal Republic of Germany. Application of the Convention on the International Sales of Goods (CSIG) is excluded.